Esports Entertainment Group Granted Approval to Begin Betting Operations in New Jersey
Hoboken, New Jersey – January 24, 2021 – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) announced today that it has received an Order approving a Transactional Waiver from the Director of the New Jersey Division of Gaming Enforcement which permits the company to begin accepting bets in the state. The Company becomes the first esports betting operator to receive a Transactional Waiver in New Jersey and plans to launch their VIE.gg betting platform following a five-day ‘soft play’ period which will begin this afternoon. During ‘soft play’, certain limitations must be applied to the online experience to ensure proper regulatory operations.
“We couldn’t be more pleased to be the first esports-dedicated operator to be granted the right to commence business in New Jersey. On behalf of our entire team, I would like to thank the Division of Gaming Enforcement for their approval of our platform and the trust they have placed in our Company,” said Grant Johnson, CEO of Esports Entertainment Group. “Global esports betting is estimated to exceed $205 billion by 2027, and we are thrilled to be playing such an important role in this fast-growing market with the launch of our first esports wagering offering in the United States.”
Upon launch, the Company’s VIE.gg platform will allow bettors across New Jersey, the 11th most populous U.S. state, to wager on their favorite esports teams in real-time as part of a seamless and immersive experience. Players will be able to leverage their esports prowess across games such as Call of Duty™, CS:GO™, League of Legends™ and DOTA 2™.
About Esports Entertainment Group
Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.
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