Esports Entertainment Group Completes 'Soft Play' Phase Ahead of Full Launch of Betting Operations in New Jersey

AGORACOM Small Cap CEO Interviews

Esports Entertainment Group and its affiliates are well-poised to help fans 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, iGaming and casinos, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels.

Q1 2022 Financial Results

• Net revenue of $16.4M, up $16.2M + 8,100% YOY / + 86% sequential VS $8.8 million in 4Q21
• Gross profit of $10M, up $10.2M YOY / + 92% sequential VS $5.2 million in 4Q21
• Gross margin of 61%, VS 59% in 4Q21

The company announced that it Completed 'Soft Play' Phase Ahead of Full Launch of Betting Operations in New Jersey.

• The Company becomes the first esports betting operator in the state of New Jersey
• Global esports betting is estimated to exceed $205 Billion by 2027
• The first licensed esports-focused betting site in North America

Grant Johnson, CEO of Esports Entertainment Group comments,

“We are pleased with the completion of the soft play period, which is a testament to all the hard work by our team over the past year. As the first licensed esports-focused betting site in North America, we're thrilled to fully launch the VIE.gg platform in New Jersey, one of the largest and most promising jurisdictions for sports wagering in the country."

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