St. Julian's, Malta, March 28, 2024 (Globe Newswire) — Esports Entertainment Group, Inc. (OTCQB: GMBL) (OTCQB: GMBLP) (“Esports Entertainment Group”, “EEG”, or the “Company”); The leading global iGaming company and provider of business-to-business (B2B) esports content and solutions announced today that its common stock will trade under the symbol GMBL, par value $0.001, and a 10% Series A cumulative redeemable Announced convertible preferred stock. Symbol GMBLP has been accepted for upgrade quote on the OTCQB Venture Market as of March 28, 2024.
OTCQB is a venture market operated by OTC Markets Group Inc. To qualify for a quote on the OTCQB, companies must have up-to-date reporting and undergo an annual verification and management certification process. OTCQB is recognized as an established public market by the U.S. Securities and Exchange Commission, providing up-to-date public information to investors who need to analyze, value, and trade securities.
“We are pleased to join the many other companies currently trading on the OTCQB Market. Our participation in the OTCQB Market will continue to benefit our shareholders, customers, partners, and the general public. “It provides transparency and allows us to leverage access to the public's capital markets,'' said Alex Igelman, CEO of Esports Entertainment Group.
About esports entertainment group
Esports Entertainment Group is a global MGA-licensed “esports-focused” iGaming B2C operator and a US-focused B2B provider of esports solutions. The company owns and operates the world's leading esports venue management system, currently deployed in over 1,000 locations worldwide, including over 200 universities. Our strategy is to leverage our industry-leading position to capitalize on the multi-billion dollar market for esports and esports betting. The company is also targeting the rapidly growing market for short-form esports bettable content, featuring competitive short-cycle head-to-head leagues optimized for betting. In addition to its plans to distribute esports content, the company currently offers its B2C-focused wagering through a series of MGA-licensed brands. For additional information about our company, please see below. www.esportsentertainmentgroup.com.
Forward-looking statements
The information contained herein includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can typically be identified by words such as “anticipates,” “believes,” “estimates,” and “expects.” Expressions such as “intends,” “plans,” “anticipates,” “plans,” “will,” “will continue,” and “will likely result.” These statements relate to future events or our strategies, target markets, and future financial performance and are subject to known and unknown risks, uncertainties, and our actual results, levels of activity, performance, involve other factors that could cause actual results to differ materially. future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements; Forward-looking statements involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that may differ from actual results, activity levels, performance or achievements. Factors that could cause or contribute to such differences include those discussed in our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q; including, but not limited to, factors discussed in other documents we file; The SEC provides information regarding the timing of the deregistration of our securities, our obligations under our secured debt, our settlement agreements with holders of our amended outstanding preferred stock, Series C preferred stock and Series D preferred stock, and Includes the ability to continue as a shareholder. Continuing concerns. Forward-looking statements reflect our current views regarding future events and are subject to these and other risks, uncertainties and assumptions regarding our business, results of operations, growth strategy and liquidity. Masu. We undertake no obligation to publicly update or revise these forward-looking statements for any reason, except as necessary, or whether actual results may become available in the future. We undertake no obligation to update the reasons why forward-looking statements may differ materially from those anticipated. By law. The safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 protects companies from liability for forward-looking statements if they comply with the requirements of the Act.
contact:
Phone: 356 2713 1276
Email: ir@esportsentertainmentgroup.com