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Esports Entertainment Group $GMBL Applauds Supreme Court Decision To Legalize Sports Gambling, Welcomes 3 USA Esports Teams To Affiliate Marketing Program $ATVI $TTWO $GAME $EPY.ca $TCEHF

Posted by AGORACOM-JC at 8:57 AM on Tuesday, May 15th, 2018

Esports large

  • Decision made by the Supreme Court Of The United States yesterday in which the Court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act
  • 1992 law barred state-authorized sports gambling with some exceptions and made Nevada the only state where a person could wager on the results of a single game
  • Esports Entertainment Group enthusiastically welcomes this decision, which will have a paradigm shifting impact on the growth of the Company’s newly launched esports wagering platform VIE.gg
    • Industry’s most transparent esports wagering platform and the only dedicated esports bet exchange in the world

ST. MARY’S, Antigua, May 15, 2018 — Esports Entertainment Group, Inc. (OTCQB:GMBL) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to inform shareholders of a decision made by the Supreme Court Of The United States (“SCOTUS”) yesterday in which the Court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act (“PASPA”). The 1992 law barred state-authorized sports gambling with some exceptions and made Nevada the only state where a person could wager on the results of a single game.

Esports Entertainment Group enthusiastically welcomes this decision, which will have a paradigm shifting impact on the growth of the Company’s newly launched esports wagering platform VIE.gg, the industry’s most transparent esports wagering platform and the only dedicated esports bet exchange in the world.

ANTICIPATED IMPACT OF SCOTUS DECISION 

A Bloomberg article covering the decision stated as follows:

  • Americans place $150 billion in illegal sports bets every year.
  • The U.S. Supreme Court freed states to legalize gambling on individual sporting events, unleashing a race to attract billions of dollars in wagers and heralding a new era.
  • Sports gambling could begin in a matter of weeks with the number of states potentially reaching double digits by the end of the year.

With esports betting expected to reach $20 Billion by 2023 prior to yesterday’s SCOTUS decision, the Company now expects this estimate to increase by several more billion dollars.

3 USA ESPORTS TEAMS SIGN AFFILIATE MARKETING AGREEMENTS WITH VIE

Over the past several weeks, VIE has announced the signing of Affiliate Marketing Agreements with 36 esports teams, an accomplishment that has never before been achieved by any esports wagering platform in the world. The Company anticipates more Affiliate Marketing Agreements with esports teams in the coming weeks.  Three of these esports teams are based in the United States as follows:

Re:born CS
R1s1ngSta
Pride Stark

The Company welcomes these pioneering esports teams and looks forward to helping them achieve great success.

As a result of yesterday’s SCOTUS announcement, the Company will significantly increase its focus on esports teams located in the United States.

WHY ESPORTS TEAMS ARE SIGNING WITH VIE

Esports teams want to offer their fans a fair and transparent esports wagering experience. As the world’s only dedicated esports bet exchange, our P2P wagering model means players never play against the house with odds dictated by the house.  Rather, players set their own wagering terms between themselves, resulting in a player always winning.

VIE features wagering on the following esports games:

  • Counter-Strike: Global Offensive (CSGO)
  • Dota 2
  • Call of Duty
  • Hearthstone
  • StarCraft II
  • League of Legends
  • Overwatch
  • PUBG

Grant Johnson, CEO of Esports Entertainment Group stated “This Supreme Court decision is another great victory in 2018 for esports wagering enthusiasts, which began with the launch of VIE earlier this year.  It is also another great milestone for our loyal shareholders that will now see a very large market open up to the Company.  Given the fact that VIE has already been so well received by 60 esports affiliates and 36 esports teams in such a short period of time, we expect that success and acceptance to accelerate on the heels of this decision. We are very excited at the possibilities created by this landmark decision.”

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

Redchip investor relations Esports Entertainment Group Investor Page:
http://www.gmblinfo.com

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 bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience, currently 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, currently excluding the US and EU, in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua, Curacao and Warsaw, Poland. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL.  For more information visit www.esportsentertainmentgroup.com
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FORWARD-LOOKING STATEMENTS
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Contact:

Corporate Finance
1-268-562-9111
[email protected]

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

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