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Business
July 3, 2024
EBET Likely to Close as It Prepares to Sell Its Brands via Auction
EBET is preparing to shut down and sell its brands, marking the end of an era. Unfortunately, the company failed to navigate the highly competitive iGaming market and defaulted on debt owed to its creditors. In June 2023, EBET defaulted on the debt it owed to CP BF Lending. Despite attempting to cut costs, reduce […]
Esports
September 23, 2022
EBET to Expand Latin American Presence via Metagames Deal
Global provider of advanced wagering products and technology EBET announced it has entered into a media marketing agreement with Metagames Marketing to gain access to one of the largest digital and TV networks in the Spanish-speaking world. Media Campaign to Drive Traffic Under the sportsbook and exclusive casino wagering media marketing agreement, Metagames Marketing will […]
Business
September 22, 2022
Favorable August Results Show EBET’s Strategy Works
Engaging and unique esports wagering experiences provider EBET (formerly Esports Technologies) has been working hard to curb its net loss and boost AEBITDA. The company reported major progress with losses plummeting throughout July and August. EBET’s Recorded Significantly Lower Losses According to EBET, it only lost $3.8 million during the two months. Meanwhile, adjusted EBITDA […]
Esports
August 25, 2022
EBET Appoints Trading Specialist Jon Najarian as Advisor
Provider of esports wagering experiences EBET announced today the appointment of Jon Najarian as an Advisor to the business. ‘Drive the Business into a New Era’ The appointment of Najarian in an advisory capacity at Nasdaq-listed EBET will bring decades of experience in the securities and futures markets, as well as clout from his role […]
Business
August 16, 2022
EBet to Lay off Workers as Part of Profitability Plan
EBet, a global provider of advanced esports wagering products and technology, will be laying off over half of its workers. The company cited profitability goals as the reason for the drastic measures. EBet Announced Profitability Plan In May, EBet posted its results for the second quarter of the fiscal year. Although the company’s revenues rose […]
Industry
May 11, 2022
Ebet’s Meets Q2 Revenue Targets and Posts Strong Results
Ebet, an esports-oriented betting tech provider formerly known as Esports Technologies, provided insights into its Q2 results of the current fiscal year. The company’s revenues went up drastically, driven by strategic acquisitions. Ebet’s Q2 Results Are Promising Ebet’s recent rebranding marked a new chapter for its business. The company kicked off 2022 with a 166% […]
Industry
May 5, 2022
Esports Technologies Rebrands as EBET to Better Communicate the Company’s Vision
Esports Technologies, a provider of engaging and unique wagering experiences to the esports gambling industry, has officially changed its name to EBET. The company believes the new name better reflects its vision. Esports Technologies Is Now EBET According to EBET, the rebranding will allow it to better show what it stands for and will improve […]
