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Business
October 2, 2023
Delasport to Supply Content to Three EEG Brands
Esports Entertainment Group (EEG), an esports-focused betting operator, has formed a partnership with Delasport, a provider of premium online betting and gaming software and solutions. Under the agreement, the latter company will supply three of its client’s brands in MGA-regulated territories. The partnership will notably see Delasport supply its cutting-edge content to JustWow.com, CasinoJefe.com, and […]
Esports
September 6, 2023
Esports Entertainment Group Selects Michael Villani for CFO
The leading MGA-licensed esports-first iGaming business-to-customer (B2C) operator, Esports Entertainment Group (EEG), confirmed it strengthened its senior-level management team with a new promotion. The company has announced it selected Michael Villani for the permanent role of chief financial officer (CFO). The latest promotion, EEG confirmed, is effective as of August 29, 2023. Villani’s career with […]
Esports
June 13, 2023
Robert Soper Joins Board of Directors at Esports Entertainment Group
The leading global business-to-business esports content and solutions provider and iGaming company, Esports Entertainment Group (EEG), announced a new appointment. On Monday, EEG unveiled it expanded its list of experts by adding Robert Soper to its Board of Directors. Joining the company’s Board, he brings extensive experience within the gaming and hospitality vertical. Previously, Soper […]
Business
February 20, 2023
EEG to Sell Bethard as It Continues Paying Off Debts
Esports Entertainment Group (EEG) has announced that it will be selling its Bethard online gambling brand. The buyer will pay a total of $10.14 million (converted to USD from Euro) for the Malta and Sweden-licensed brand. As announced, the sale sum will be comprised of $1.76 million of cash on closing and $6.94 million of […]
Business
January 12, 2023
Entain Snatches BetCity from Sports Entertainment Media for $482M
The deal between the two parties was originally announced for an initial consideration of €300 million ($324 million) and a maximum deferred contingent consideration of €550 million ($594 million) in June 2022. Now, Entertain has presented the completion of all procedures for a final acquisition cost of €450 million ($484.2 million). The total cost, which […]
Sports
November 16, 2022
SportNation and RedZone Cease UK Business
Sports betting operators SportNation and RedZone have both announced their decision to leave the British market. The companies, both of which are owned by Esports Entertainment Group, cited a variety of factors as the reason for their leave. SportNation and RedZone Will No Longer Take Bets Existing SportNation and RedZone customers should rest easy as […]
Esports
July 4, 2022
EEG VP/Director of Esports Betting Bux Syed Left the Company
Esports Entertainment Group (EEG)’s vice president of Esports Betting Bux Khalid Syed has left his position and the company, the esports expert announced on his LinkedIn profile. Back to Providing Consulting Services Syed left EEG last month, having spent almost two years with the esports betting provider since his appointment in October 2020 as Head […]
Industry
May 24, 2022
EEG Registered 3Q22 Revenue Growth, Liquidity Problems
Esports Entertainment Group (EEG) announced Monday its fiscal 2022 third quarter earnings report, significantly revising down its previously issued full-year revenue guidance. Growth in Revenue, Gross Profit Hoboken-based full stack esports and gambling operator EEG revealed for the three months ended March 31, 2022, net revenue of $15.7 million, representing an increase of 8% to […]
Esports
March 15, 2022
Esports Entertainment Reinforced Financial Team with Damian Mathews as CFO
Esports Entertainment Group, a full-stack esports and online gambling company, has reinforced its leadership team with the addition of Damian Mathews. He will serve as the company’s new chief financial officer, will assume the role of chairman of the audit committee, and will retain his position on its board of directors. Esports Entertainment Acquires Mathews […]
Industry
February 28, 2022
EEG’s Fiscal Q2 Defined by Revenue Growth and Negative EBITDA
Esports and online gambling company Esports Entertainment Group (EEG) released its financial results for the second fiscal quarter ended December 31, 2021, posting double-digit growth in revenue. Platform Building and Strategic Acquisitions The fiscal second-quarter report revealed revenue at the New Jersey-based EEG jumped 18.85% year-over-year to $14.5 million, up from $12.2 million in the […]