Esports Technologies Launches Gogawi Wagering Platform in Japan

Rhea-AI Summary

Esports Technologies (NASDAQ: EBET) has launched its consumer platform, Gogawi, in Japan, expanding its availability to over 140 jurisdictions. This platform aims to capitalize on Japan's growing esports market, projected to rise from 6.1 billion yen (US$56.8 million) in 2019 to 15.3 billion yen (US$140.6 million) in 2023. CEO Aaron Speach expects Gogawi to attract the next generation of bettors with enhanced payment options and innovative wagering products. The platform underwent a relaunch in March 2021, integrating partnerships with Apcopay and Astropay for improved transaction efficiency.

Positive

• Launch of Gogawi platform in Japan, targeting growing esports market.
• Partnerships with Apcopay and Astropay for improved payment options.
• Increased accessibility with availability in over 140 jurisdictions.

Negative

• None.

LAS VEGAS, April 20, 2021 /PRNewswire/ -- Esports Technologies (NASDAQ: EBET), a global provider of advanced esports wagering products and technology, today announced the launch of its consumer platform, Gogawi, in Japan. Gogawi.com, now available in more than 140 jurisdictions, is an immersive betting destination offering top tournaments and games 24x7.

Japan is the birthplace of many influential video games and game developers, and has had an enormous impact on global gaming culture. The Japanese Ministry of Economy, Trade and Industry is now working with the private sector to promote its esports market, which is projected to grow from 6.1 billion yen (US$56.8 million) in 2019 to 15.3 billion yen (US$140.6 million) in 2023. The ministry's goal is to generate 285 billion yen (US$2.6 billion) in economic benefits annually by 2025.

Aaron Speach, CEO, Esports Technologies, said, "With its long history and deep roots in both gaming and technology, Japan has potential as an esports wagering market. We believe Gogawi.com is an exciting and intuitive esports wagering platform built specifically with the next generation of bettors in mind, from improved payment options to new wagering products. We are eager to have the product live, and look forward to expanding our partnerships into the Japanese market."

Esports Technologies relaunched Gogawi.com in March 2021. One of many key upgrades to the platform is its partnering with the payment services solutions Apcopay and Astropay, which provide more deposit and withdrawal options and aim for faster settlement times. Learn more about the other updates made to the GoGawi platform here.

About Esports Technologies
Esports Technologies is developing groundbreaking and engaging wagering products for esports fans and bettors around the world. Esports Technologies is one of the leading global providers of esports product, platform and marketing solutions. The company operates a licensed online gambling platform, gogawi.com, that offers real money betting on esports events and professional sports from around the world in a secure environment. The company is developing esports predictive gaming technologies that allow distribution to both customers and business partners.

CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING STATEMENTS: This press release includes forward-looking statements, which statements involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the company's ability to successfully compete in new markets. These statements relate to future events, future expectations, plans and prospects. Although the company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, actual results or outcomes may prove to be materially different from the expectations expressed or implied by such forward-looking statements. The company has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' "would," ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this news release speak only as of its date. The company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

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SOURCE Esports Technologies, Inc.

FAQ

What is the Gogawi platform launched by Esports Technologies in Japan?

The Gogawi platform is an esports wagering platform that offers immersive betting on top tournaments and games, now available in Japan.

What are the projections for Japan's esports market growth?

Japan's esports market is projected to grow from 6.1 billion yen in 2019 to 15.3 billion yen in 2023.

What payment partnerships were established for Gogawi?

Gogawi has partnered with Apcopay and Astropay to enhance payment options and speed up transactions.

When was Gogawi relaunched?

Gogawi was relaunched in March 2021 with several key upgrades.

What is the expected economic benefit of Japan's esports market by 2025?

The Japanese Ministry of Economy aims to generate 285 billion yen in annual economic benefits from the esports market by 2025.