Esports Entertainment Group Engages Akur Capital for iGaming Mergers and Acquisitions Advisory

Rhea-AI Summary

Esports Entertainment Group (NasdaqCM: GMBL) has engaged Akur Capital as its mergers and acquisitions advisor in the iGaming sector. This strategic move aims to explore potential M&A opportunities amidst a fragmented market. CEO Grant Johnson expressed confidence in Akur's experience and network to bolster the company's growth. Additionally, Johnson will participate in a webinar on the emergence of eSports, highlighting the industry's resilience and growth despite the pandemic. These developments position GMBL favorably in the expanding esports wagering market.

Positive

• Engagement of Akur Capital for M&A advisory, indicating a proactive growth strategy.
• Potential access to multiple M&A opportunities in a fragmented iGaming market.
• CEO's participation in an industry-focused webinar aims to boost visibility and credibility.

Negative

• None.

BIRKIRKARA, Malta, July 08, 2020 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (NasdaqCM: GMBL, GMBLW) (or the “Company”), a licensed online gambling company with a focus on esports wagering and 18+ gaming, engaged Akur Capital (“Akur”) as the Company’s iGaming mergers and acquisitions advisor. Akur Capital is a leading cross-border M&A advisory firm, specializing in the iGaming and sports betting sector.

“We just signed with Akur and are already evaluating multiple potential M&A opportunities they’ve introduced to us,” commented Grant Johnson, CEO of Esports Entertainment Group. “The Akur team has years of iGaming and gambling experience and an extensive network of industry contacts. As the first US-based iGaming company to list on NASDAQ, we’re in a great position to capitalize on these highly fragmented markets and believe Akur will prove to be a valuable partner in our ongoing success.”

Esports Entertainment Group CEO Grant Johnson has been invited to present at The emergence of eSports webinar, presented by Maxim Group and M-Vest on Thursday, July 9, 2020.

Johnson will participate in a webinar panel discussion on the emergence of eSports. In contrast to many other industries that have and continue to experience significant setbacks as a result of COVID-19 – the global pandemic has arguably served as a positive catalyst for the world of eSports – an industry that continues to evolve and further expand to new audiences. During the panel discussion, Johnson will discuss the eSports industry, its major players, and factors driving market growth.

To access the panel discussion, please RSVP

Webinar Details:

• Panel Session Title: The Emergence of eSports
  
  
• Date and Time: Thursday, July 9, 11:00 a.m. Eastern time (8:00 a.m. Pacific time)

ABOUT ESPORTS ENTERTAINMENT GROUP

Esports Entertainment Group, Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers fantasy, pools, fixed odds and exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience at vie.gg.  In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds a license to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands. The Company maintains offices in Malta. For more information visit www.esportsentertainmentgroup.com

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

U.S. Investor Relations 
RedChip Companies, Inc.
Dave Gentry
407-491-4498
dave@redchip.com

Media & Investor Relations Inquiries
AGORACOM
ESPO@agoracom.com
http://agoracom.com/ir/eSportsEntertainmentGroup

FAQ

What is the purpose of Esports Entertainment Group engaging Akur Capital?

Esports Entertainment Group has engaged Akur Capital to explore mergers and acquisitions opportunities within the iGaming sector.

What recent events is CEO Grant Johnson involved in?

CEO Grant Johnson is scheduled to present at a webinar on the emergence of eSports on July 9, 2020.

How does the involvement of Akur Capital impact GMBL's future?

Akur Capital's involvement is expected to enhance GMBL's growth prospects by identifying valuable M&A opportunities in a fragmented market.

What are the benefits of the M&A strategy for Esports Entertainment Group?

The M&A strategy could lead to market expansion, increased revenue potential, and enhanced competitive positioning in the iGaming industry.