Esports Entertainment Group Finalizes Binding Agreement to Acquire EGL, Deal Expected to Close by January 8th
14 Dicembre 2020 - 2:00PM
Esports Entertainment Group, Inc. (NasdaqCM: GMBL, GMBLW) (or the
“Company”), an esports entertainment and online gambling operator,
today announced that it has finalized the binding agreement to
acquire Esports Gaming League (“EGL”) and expects the deal to close
prior to January 8, 2021.
EGL is a B2B-centric provider of live and online
events and tournaments where gamers can compete and enjoy a wide
range of content relating to esports and video games on a
proprietary technology platform with over 350K registered gamers.
Services include full turnkey esports events, live broadcast
production, game launches, and online branded tournaments.
"We are excited to finalize this acquisition and
continue to expand EGL’s presence here in North America,” commented
Grant Johnson, CEO of Esports Entertainment Group. “In addition to
our announcements with the LA Kings, LA Galaxy and Philadelphia
Union we are in discussions with many additional sporting
organizations that are interested in exploring the ways that they
can engage their fanbases through esports.”
“We are extremely excited to be joining the
Esports Entertainment Group family, it will give us an opportunity
to push our technology and resources to further grow our client
roster,” commented Glen Elliott, CEO of EGL. “The vision Grant has
around building an esports ecosystem is visionary for the industry
and EGL is a perfect fit.”
About Esports Entertainment GroupEsports
Entertainment Group, Inc. is an esports and online gambling
company. The Company operates a number of entities across three key
pillars: 1) esports entertainment and infrastructure, 2) esports
wagering, 3) iGaming. The Company maintains offices in New Jersey,
the UK and Malta. For more information visit
www.esportsentertainmentgroup.com.
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Contact:
U.S. Investor Relations RedChip Companies,
Inc.Dave Gentry407-491-4498dave@redchip.com
Media & Investor Relations
InquiriesJeff@esportsentertainmentgroup.com
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