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Esports Entertainment Group Files Annual Report And Reviews Highlights

ST. MARY'S, Antigua, Oct. 24, 2017 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (OTCQB:GMBL) (or the "Company"), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, has recently filed its 10K Annual Report for the year ending June 30, 2017 with the United States Securities and Exchange Commission.

The Highlights Of The Annual Report Are As Follows:

  • Raised $1.2M via an oversubscribed PIPE financing
  • Changed our name to Esports Entertainment Group, Inc.
  • Launched fully staffed Head Office in Antigua
  • Hired Social Media and Affiliate Marketing staff in Europe
  • Signed Agreement With Income Access award-winning affiliate management provider
  • Our shares became DTC Approved and DWAC/FAST Eligible
  • The appointment of David Watt, FCCA as Director

Important Developments Following The Year End Are As Follows:

  • Signed over 60 affiliates at Gamescom 2017
  • Received Curacao eGaming License
  • Announced Letter Of Intent to acquire our Bet Exchange Software Developer

Grant Johnson, CEO of Esports Entertainment Group, stated, “This was a milestone year for the Company. We secured major funding to complete our esports wagering platform, launch and fully staff our Antigua headquarters, hire social media & esports marketing experts and exhibit at industry leading conferences that have already yielded results far beyond our expectations. All that remains is our launch of the most secure, transparent and regulated esports wagering platform in the world, news of which we expect to release shortly.”

This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum at https://agoracom.com/ir/EsportsEntertainmentGroup

About Esports Entertainment Group

Esports Entertainment Group Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Initially, Esports Entertainment intends to offer bet exchange style wagering on esports events in a licensed, regulated and secured platform to the global esports audience, excluding the US and EU. 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 licenses to conduct online gambling and 18+ gaming on a global basis, excluding the US and EU, in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL. 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:

Corporate Finance Inquiries
Stephen Cotugno
Vice President, Corporate Development
steve@esportsentertainmentgroup.com
201-220-5745

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

Source:Esports Entertainment Group, Inc.

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