Welcome to our dedicated page for EBET news (Ticker: EBET), a resource for investors and traders seeking the latest updates and insights on EBET stock.
EBET Inc. (NASDAQ:EBET) is a global leader in online casino and sportsbook operations, dedicated to providing top-notch i-gaming wagering products for bettors worldwide. The company focuses on delivering innovative gaming experiences that cater specifically to the Millennial and Gen-Z demographics.
EBET operates several renowned online brands including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, GenerationVIP, and Gogawi. These brands are active in over 15 countries and collectively boast over 1.4 million deposited customers. The company has received multiple prestigious awards, such as the Esport Product of the Year at the 2021 SiGMA Europe and the 2022 SiGMA Asia and SiGMA Americas Awards. Additionally, Karamba, one of EBET's brands, has been recognized for its innovation in Casino & Gaming Entertainment and named Online Casino of the Year at the 2022 SiGMA Americas Awards.
Recently, EBET has undertaken several strategic initiatives to maximize shareholder value. On July 26, 2023, the Board of Directors appointed a Strategic Alternatives Committee to explore various strategic options, including potential mergers, sales, or other transactions. Houlihan Lokey has been retained as the exclusive financial advisor for this process.
In a significant financial maneuver, EBET announced a 1-for-30 reverse stock split effective from October 2, 2023. This move reduced the number of outstanding shares from approximately 448.2 million to about 14.9 million, while maintaining the authorized shares at 500 million. This consolidation aims to enhance the per-share value and streamline the capital structure.
Furthermore, EBET has amended its $30,000,000 Term Loan and increased its Revolving Loan capacity from $2,000,000 to $4,000,000. The amendments also allow the company to defer over $339,000 of monthly cash interest payments through June 2025. However, despite these efforts, EBET's stock has been suspended from trading on the Nasdaq Capital Market as of October 13, 2023, and will now be quoted on the Pink Sheets platform.
For more details, visit EBET's official website.
Esports Technologies, Inc. (Nasdaq: EBET) announced that options for its stock are now available for trading. This move aims to enhance liquidity and provide more flexible trading options for investors. The company will release its first quarter 2022 results on February 9, 2022, followed by a conference call. Esports Technologies, known for its innovative esports wagering products, operates several online casino brands and has received awards for its offerings. The press release includes forward-looking statements that may involve risks and uncertainties.
Esports Technologies, a leader in esports wagering products, will announce its first quarter 2022 results on February 9, 2022, after market close. The company will host a conference call at 4:30 PM Eastern to discuss the results and recent business developments. Esports Technologies has patented technology in odds modeling simulation and operates several online sportsbook and casino brands, serving over 1.25 million customers across more than 15 countries. The company's innovative products have earned recognition within the industry.
Esports Technologies (Nasdaq: EBET) has announced a revenue guidance of $70 million for the 10-month period from December 2021 to September 2022. This revenue projection is attributed to their online sportsbook and casino brands, which have over 1.25 million deposited customers in 15+ countries, acquired on November 29, 2021. The company aims to expand esports wagering opportunities and leverage proprietary odds modeling amidst rising interest in esports, a market projected to be worth $13 billion.
Esports Technologies (Nasdaq: EBET) announced that CEO Aaron Speach will be interviewed by WallStreetBets founder Jaime Rogozinski on January 19, 2022, at 10 am ET. The discussion will cover the company's $75.9 million acquisition of multiple online sportsbook and casino brands, enhancing its growth strategy within the esports wagering sector. These brands have over 1.25 million deposited customers globally. Esports Technologies focuses on leveraging the growing $13 billion market opportunity in esports to attract Millennial and Gen-Z bettors.
Esports Technologies (Nasdaq: EBET), a leader in advanced esports wagering, announced that CEO Aaron Speach will present at the 24th annual Needham Virtual Growth Conference on January 14, 2022, at 10:00 AM ET. The event is a key platform for growth stock investment insights, gathering executives, institutional investors, and private equity. Speach expressed pride in participating and aims to discuss recent acquisitions and growth strategies. Esports Technologies offers innovative wagering products and operates multiple online gaming brands, serving over 1.25 million customers globally.
Esports Technologies, Inc. (Nasdaq: EBET) announced that CEO Aaron Speach will present virtually at the ICR Conference 2022 today at 9:00 AM ET. During the fireside chat, Speach will discuss the company's recent $75.9 million acquisition and future growth strategies. The ICR Conference serves as a platform for company management teams and investors to connect, showcasing over 200 companies this year. Speach expressed gratitude for the opportunity, highlighting the event's importance in continuing the company's strong momentum from 2021.
Esports Technologies (Nasdaq: EBET) announced the filing of a new patent for a "Financial Instrument Performance-Based Pari-Mutuel Betting System and Method." This innovative system allows bettors to place wagers on financial instruments, similar to horse racing, based on their performance over time. With this patent, the company aims to enhance engagement among bettors. Bart Barden, COO, highlighted the excitement this technology brings to the wagering experience. This filing adds to the company's growing portfolio of intellectual property, which includes several patents related to advanced betting technologies.
Turnt Gaming announced partnerships with Polygon Studios and Esports Technologies to develop Taunt Battleworld, an interactive NFT fighting game. Set to launch in early 2022, the game features a unique 'engage to earn' model that includes play-to-earn, watch-to-earn, and predict-to-earn mechanics. Notable boxing figures Floyd Mayweather and Deontay Wilder are also involved, providing high-value intellectual property. This collaboration aims to enhance the gaming experience through live data and advanced wagering technology, creating innovative products for gamers globally.
Esports Technologies (Nasdaq: EBET) has signed a non-binding letter of intent to become the exclusive esports data provider for Turnt Gaming's upcoming NFT fighting game, Taunt Battleworld. Set for early 2022 release, the game will feature NFTs of boxing icons Floyd Mayweather and Deontay Wilder. Esports Technologies will supply odds, game balancing, and data analytics to enhance gaming experiences. This partnership aims to leverage advanced technology and predictive modeling to bring innovative experiences to gamers around the world.
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