Esports Entertainment Group, Inc.
(Nasdaq: GMBL)
RESPONSIBLE GAMING IN ESPORTS: A BOOMING GLOBAL INDUSTRY AND ECONOMIC DRIVER
Esports has transformed from a niche hobby into a global phenomenon, generating billions of dollars in revenue annually. While some may have initially viewed it as a low-stakes pastime for kids, the reality is quite different. Esports has emerged as a massive industry, captivating millions worldwide and offering substantial cash prizes to its participants.
In cities and regions around the world, esports tournaments are taking center stage, drawing thousands of spectators to sports arenas typically reserved for professional teams. Events like the Apex Legends™ Global Series Championship, for instance, showcase global professional players competing for multimillion-dollar prizes over several days. Victorious teams gain notoriety, brand deals, and significant earnings, amassing online followings comparable to celebrities.
With support from technology giants like Lenovo in certain areas, there are high expectations for economic growth as more esports leagues, organizations, and venues choose to host their events. Esports revenue is projected to reach over $3 billion in 2023, with global viewership estimated to exceed an astounding 646 million.
In fact, Research Report World recently published a report on Market Watch with estimates that this market is set to reach over $24 billion by 2030.
Esports is not just a spectator sport; it presents various career opportunities in branding, broadcasting, event management, game design, programming, coding, and video production. Over 170 colleges and universities have varsity esports teams, offering scholarships totaling approximately $16 million per year.
The momentum behind esports is undeniable, with millions worldwide tuning in to live streams and eager fans attending events in person. This dynamic industry creates unique opportunities for communities seeking to engage with a burgeoning demographic and reap the benefits of this rapidly expanding market.
With its potential to shape the future of entertainment and drive economic growth, esports is a force to be reckoned with, and companies like Esports Entertainment Group, Inc. (Nasdaq: GMBL) stand at the forefront of this exciting evolution while promoting responsible gaming.
Leading the charge is CEO Alex Igelman (pictured above with Las Vegas Mayor Carolyn Goodman), a true pioneer in the field, being the first lawyer to focus on Internet gaming and playing an instrumental role in the early success of both PartyGaming and PokerStars. Esports Entertainment Group, Inc. (Nasdaq: GMBL), under his visionary leadership, brings a wealth of experience and expertise to the rapidly expanding world of esports.
Keep reading to see why Esports Entertainment Group, Inc. (Nasdaq: GMBL) deserves a top-spot on your daily watchlist.
7 REASONS WHY ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL) COULD HOLD SIGNIFICANT UPSIDE POTENTIAL FOR 2023.
IDENTIFYING THE OPPORTUNITY
WITH A 200-DAY MOVING AVERAGE OF $4.33,(12) COULD ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL) HAVE OVER 4,000% IN UPSIDE POTENTIAL?
While doing your research, it’s important to note that Esports Entertainment Group, Inc. (Nasdaq: GMBL) has executed a strategic 1-for-100 reverse stock split of its existing common stock, effective 7:00 p.m. EST on February 21, 2023. It’s crucial to be mindful that prior to the 1-for-100 reverse stock split, the company’s 52-week low was below $.1055. The chart provided above and the statistics below pertain to the post-reverse-split pricing, taking into account the strategic reverse stock split. This initiative underscores the company’s commitment to aligning with the Nasdaq Capital Market’s stipulated minimum bid price requirement.
The motivation behind the reverse-split lies in the company’s unwavering commitment to sustaining its listing on the Nasdaq exchange. The minimum bid price threshold serves as a safeguard that upholds market stability and nurtures shareholder assurance. By elevating share prices through the reverse stock split, Esports Entertainment Group, Inc. (Nasdaq: GMBL) aims to fulfill Nasdaq’s requisites, thereby reinforcing transparency and bolstering fiscal robustness.
Now looking at the Esports Entertainment Group, Inc. (Nasdaq: GMBL) daily chart above and do a little technical analysis using StockCharts.com and Barchart.com you can see the following moving averages (Post the 1-for-100 Reverse-Split):
Analyst Target*: $2.00
Shares of Esports Entertainment Group, Inc. (Nasdaq: GMBL) recently bounced off their 52-week low of $.1055 on 8/22/2023. With a 200-day moving average of $4.33, could this suggest a 4,000% upside potential from its 52-week low of $.1055 and over 3,200% from its daily average price of $.13 according to StockCharts.com?
But that’s not all… On 6/1/2023, H.C. Wainwright analyst, Scott Buck, reiterated a $2.00 target on shares of (GMBL) which suggests over 1,437% potential upside as of 8/31/2023 according to TipRanks.com.
However, there’s no certainty that any of these moves will happen, but the potential needs to be noted.
COULD A POSSIBLE OVERSOLD CHART SITUATION PLAY OUT FOR ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL)?
According to Investopedia.com, two of the most common charting indicators of overbought or oversold conditions are the relative strength index (RSI) and stochastics. Developed by J. Welles Wilder Jr. and introduced in the 1978 book New Concepts in Technical Trading Systems, RSI is a measurement of stock price change momentum.
RSI is a range-bound oscillator, meaning that its value fluctuates between 0 and 100 depending on the underlying security performance, and is calculated based on prior periods’ average gains versus losses.
When the RSI indicator approaches 100, it suggests that the average gains increasingly exceed the average losses over the established time frame.
The higher the RSI, the stronger and more protracted the bullish trend. A long and aggressive downtrend, on the other hand, results in an RSI that progressively moves toward zero.
RSI levels of 80 or above are considered overbought, as this indicates an especially long run of successively higher prices. An RSI level of 30 or below is considered oversold.
While the relative strength index is calculated based on average gains and losses, stochastics compare the current price level to its range over a given period of time. Stocks tend to close near their highs in an uptrend and near lows in a downtrend. Therefore, price action that moves further from these extremes toward the middle of the range is interpreted as an exhaustion of trend momentum.
A stochastic value of 100 means that prices during the current period closed at the highest price within the established time frame. A stochastic value of 80 or above is considered an indication of an overbought status, with values of 20 or lower indicating oversold status. Like RSI, the default setting for stochastics is 14 periods.
Both the relative strength index and stochastics have strengths and weaknesses, and the indicators are best used in combination with other tools. Lastly, there are times when a stock, commodity, or market can stay overbought or oversold for a considerable time period before a reversal. Therefore, overbought or oversold signals from RSI or stochastics can sometimes prove premature in strong trending markets.
Barchart.com is reporting that (GMBL)’s raw stochastic value over the last 14-days is currently at 12.28%, indicating a potential oversold position as of 8/31/2023.
Furthermore, the relative strength percentage over the same period of time is at 17.68%, indicating that the stock may be significantly undervalued.
Overall, the technical analysis suggests that Esports Entertainment Group, Inc. (Nasdaq: GMBL) could be a company with strong growth potential.
Esports Entertainment Group, Inc. (Nasdaq: GMBL) is also considered a nano-cap. In general, nano-cap companies have market capitalizations of less than $50 million. Because nano-cap stocks are significantly smaller than mid cap or large cap companies, they have a higher potential to change valuation quickly.
Nano-cap stocks may be overlooked by the market, as they often receive little attention from analysts and institutions. This can provide excellent research opportunities for individuals who are seeking to discover hidden gems. These small and often little-known companies may bring major improvements to existing products and services as well as introducing new products, using innovation to accelerate growth.
As of 8/31/2023, Esports Entertainment Group, Inc. (Nasdaq: GMBL) has a market cap of less than $5Mn according to MarketWatch.com.
This is why things could get very interesting and also why you need to start your research on Esports Entertainment Group, Inc. (Nasdaq: GMBL).
Esports Entertainment Group, Inc.
(Nasdaq: GMBL)
ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL): PIONEERING THE FUTURE OF ESPORTS WHILE PROMOTING RESPONSIBLE GAMING…
Esports Entertainment Group, Inc. (Nasdaq: GMBL) is a glob20al MGA-licensed, “esports-focused” iGaming B2C operator and a US-focused B2B provider of esports solutions with further plans to explore opportunities within short-cycle wage-rable esports content market. With a strong foothold in the industry, the company is at the forefront of revolutionizing sports entertainment for gamers worldwide.
Built by Industry Veterans
Led by industry veterans, Esports Entertainment Group, Inc. (Nasdaq: GMBL) is deeply ingrained in the evolving online gaming community, constantly in touch and in sync with the pulse of esports enthusiasts. Their mission is clear: to offer the world gaming and entertainment products that kindle joy and excitement.
Two Key Verticals: Games & iGaming
Esports Entertainment Group, Inc. (Nasdaq: GMBL)’s business model revolves around two essential pillars: Games and iGaming. Each vertical plays a crucial role in elevating the esports and iGaming experience for players and businesses alike.
1. Games: Empowering Esports and Gaming Communities Worldwide
Under the ggCircuit brand, a diverse range of services and distinctive technological infrastructure is provided for businesses engaging with global esports and competitive gaming communities. This all-inclusive ecosystem has been developed over more than two decades. ggCircuit is recognized as a market leader, showcasing a collection of vital software, infrastructure products, and consulting services that find utility across more than 800 gaming locations worldwide.
The division’s expertise revolves around delivering a comprehensive solution that supports location-based competitive gaming establishments in the streamlined management of their activities. Their professional services team ensures on-site installations and offers ongoing remote maintenance services. Moreover, ggCircuit plays a pioneering role in the realm of educational esports, extending their support to over 130 universities and K-12 schools. These institutions leverage the potent gaming venue management infrastructure provided by ggCircuit to nurture and enrich their esports initiatives.
2. iGaming: Seizing Opportunities in the Industry
EEG’s iGaming division holds licenses in Malta and offers a wide array of ca-sino wage-ring opportunities through its award-winning sites, featuring flagship brands like Lucky Dino, JustWow, and Vie. With a keen focus on providing exceptional experiences within its iGaming division.
Moreover, EEG has made significant strides in the esports be-tt-ing sector.
Charting the Course for Sports Entertainment
Esports Entertainment Group, Inc. (Nasdaq: GMBL) is charting an exciting course for the future of sports entertainment. With its global MGA license and an “esports-focused” approach, the company is well-positioned to capitalize on the multi-billion-dollar market for esports and esports wage-ring.
With leading products like ggCircuit and a pioneering esports be-tt-ing offering, EEG continues to solidify its position in the industry. As the esports and online gaming world continues to grow, Esports Entertainment Group stands as a true pioneer, connecting gamers and businesses alike in an ever-thriving landscape. From esports venues to cutting-edge iGaming experiences, EEG’s vision for sports entertainment knows no bounds. As the future unfolds, Esports Entertainment Group remains a key player in shaping the world of esports and iGaming.
ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL) HITS THE RESET BUTTON
Esports Entertainment Group, Inc. (Nasdaq: GMBL) undergoes a company reset to maximize and plots course to enter the booming esports and esports wage-ring markets.
The strategic reset undertaken by Esports Entertainment Group, Inc. (Nasdaq: GMBL) signifies a pivotal moment for the company as it seeks to capitalize on the burgeoning esports and short-cycle wage-rable esports content markets. Recognizing the immense potential and rapid growth of these industries, the company has taken proactive measures to realign its focus, operations, and resources.
With a vision to position itself as a key player in the high-growth esports sector, the company has evaluated its existing assets and identified areas where it can maximize opportunities for growth and profitability. This reset involves a comprehensive review of the organization, taking into account the projected direction of the esports and esports gam-bling industries.
As part of this strategic initiative, Esports Entertainment Group, Inc. (Nasdaq: GMBL) has made significant decisions to divest or discontinue non-core businesses and operations that were deemed unprofitable or not aligned with its future direction. By streamlining its business lines, the company aims to create a more focused and efficient organization.
This transformational phase represents a new beginning for the company, and it marks an occasion to move past activities that may have previously hindered its progress. By shedding non-essential operations, the company can now concentrate its efforts on its core strengths and valuable assets.
The reset also includes measures to reduce operating expenses, with a specific goal of ultimately achieving over $4 million in annual cost savings. While there are initial costs associated with restructuring, the company foresees substantial long-term benefits from these strategic moves.
Under the leadership of CEO Alex Igelman, a pioneering figure in the field of Internet gaming, the company has developed a roadmap to navigate the dynamic esports landscape successfully. The planned exploration of short-cycle wage-rable esports content markets further demonstrates the company’s commitment to staying at the forefront of industry trends and catering to the evolving preferences of esports enthusiasts.
By embracing this strategic reset, Esports Entertainment Group, Inc. (Nasdaq: GMBL) is poised to position itself as a dominant force in the iGaming, esports and esports wage-ring markets, unlocking new growth opportunities and delivering long-term value for its shareholders. With a strong foundation and an eye on the future, the company is set to make significant strides in the thriving esports industry.
ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL)’S EXPECTS DEBT-FREE BALANCE SHEET TO MARK A MAJOR MILESTONE IN FINANCIAL STRENGTH
With nearly $43 million of liabilities reduced year-to-date, Esports Entertainment Group, Inc. (Nasdaq: GMBL) is expected to achieve a substantially debt-free balance sheet.
The expected achievement of a debt-free balance sheet is a significant milestone for Esports Entertainment Group, Inc. (Nasdaq: GMBL), reflecting the company’s commitment to financial strength and stability. Through strategic financial management and proactive measures, the company has successfully reduced its liabilities by an impressive $43 million year-to-date.
By reducing its debt burden, Esports Entertainment Group, Inc. (Nasdaq: GMBL) has improved its financial footing, and expects to be free from the constraints that debt obligations often impose on businesses. With a debt-free balance sheet signifies that the company’s assets now outweigh its liabilities, providing greater flexibility and financial freedom to pursue growth opportunities, invest in innovative ventures, and navigate potential challenges in the dynamic esports industry.
The reduction of liabilities was achieved through a combination of decisive actions, including divesting non-core businesses, engaging in strategic transactions, and implementing cost-saving initiatives. These efforts have not only improved the company’s financial health but have also demonstrated effective management of its financial resources.
The move toward a debt-free balance sheet is a positive signal to investors and stakeholders, showcasing Esports Entertainment Group’s commitment to long-term sustainability and value creation. It also positions the company to be more attractive to potential investors and lenders, as it mitigates financial risks and enhances its creditworthiness.
With an expected debt-free balance sheet, the company is better equipped to weather economic uncertainties, capitalizing on market opportunities and making strategic decisions that align with its long-term vision. The financial flexibility gained from this accomplishment empowers the company to seize emerging opportunities in the esports and esports wage-ring markets, leveraging its industry position for continued growth and success.
As Esports Entertainment Group, Inc. (Nasdaq: GMBL) moves forward with a stronger financial position, it can focus on executing its strategic initiatives, driving innovation, and further solidifying its presence as a global iGaming company and business-to-business esports content and solutions provider. With a clear path to financial strength, Esports Entertainment Group is poised to make the most of the opportunities that lie ahead in the dynamic and promising world of esports.
Esports Entertainment Group, Inc.
(Nasdaq: GMBL)
ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL) SETS ITS SIGHTS ON ESPORTS BE-TT-ING: A MAJOR PLAYER IN THE MAKING WHILE PROMOTING RESPONSIBLE GAMING…
Esports Entertainment Group, Inc. (Nasdaq: GMBL) plans to refocus efforts on the esports gam-bling sector, introducing new be–tting content and offerings to cater to both B2C and B2B segments.
With a strategic eye on the immense potential of the esports gam-bling sector, Esports Entertainment Group, Inc. (Nasdaq: GMBL) is positioning itself to become a major player in the world of esports be-tting. By refocusing its efforts on this thriving market, the company aims to introduce innovative be-tting content and offerings that will cater to both business-to-consumer (B2C) and business-to-business (B2B) segments, creating a dynamic ecosystem for esports enthusiasts and industry stakeholders alike while promoting responsible gaming.
As the esports industry continues to experience explosive growth, the demand for esports be-tting has surged in parallel. Esports be-tting provides fans with an exciting and immersive way to engage with their favorite teams and players while adding an extra layer of excitement to competitive gaming events. This intersection of gaming and be-tting has created a lucrative niche within the larger esports landscape, and Esports Entertainment Group, Inc. (Nasdaq: GMBL) is strategically placed to take full advantage of this opportunity.
Through its established iGaming platform and global presence, the company is strategically positioning itself to offer esports be-tting solutions that are both engaging and user-friendly while promoting responsible gaming. By leveraging its MGA license and B2C-focused brands, Esports Entertainment Group can ensure a seamless and secure be-tting experience for its growing customer base. The integration of the Oddin.gg iFrame solution for esports be-tting on its platform further enhances its be-tting offerings, providing a comprehensive and diverse range of be-tting options for esports enthusiasts.
Beyond catering to individual consumers, Esports Entertainment Group, Inc. (Nasdaq: GMBL) is also capitalizing on the rising demand for B2B esports be-tting solutions. The development of an “esports-focused” B2B platform, centered around its Idefix iGaming platform, presents an exciting opportunity to collaborate with third-party partners and expand its reach within the esports gam-bling market. This strategic move not only expected to bolster the company’s revenue streams but it is also expected to position the company as a key enabler for other businesses seeking to venture into the esports be-tting arena.
The emphasis on esports be-tting is also in line with the broader trends in the global gaming and be-tting industries. With the rising popularity of short-cycle wage-rable esports content, Esports Entertainment Group, Inc. (Nasdaq: GMBL) recognizes the potential to attract a diverse audience and engage new users through innovative be-tting opportunities. By integrating short-form content into its be-tting offerings, the company seeks to capture a share of the market’s rapidly growing interest in this fast-paced and thrilling form of competitive gaming.
Esports Entertainment Group, Inc. (Nasdaq: GMBL) emphasis on esports be-tt-ing reflects its commitment to driving innovation and delivering unparalleled experiences to its customers. By refocusing efforts on this dynamic and fast-growing sector, the company believes it is primed to become a major force in the esports gam-bling industry, providing exciting opportunities for both individual be-tt-ors and business partners.
As the esports be-tting market continues to flourish, Esports Entertainment Group, Inc. (Nasdaq: GMBL)’s strategic approach positions it for sustained growth and success in the global gaming arena.
FUELING THE EXCITEMENT WHILE PROMOTING RESPONSIBLE GAMING: ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL)'S GAME-CHANGING BE-T ON SHORT-CYCLE COMPETITIVE GAMING
The rise of short-cycle wage-rable esports content, is revolutionizing the esports industry and presenting a game-changing opportunity for Esports Entertainment Group, Inc. (Nasdaq: GMBL). This exciting form of competitive gaming is gaining significant traction, capturing the attention of esports enthusiasts and attracting a new wave of audiences, paving the way for innovative possibilities and increased engagement in the esports ecosystem.
Unlike traditional esports competitions that may span hours or even days, short-form competitive content offers fast-paced, condensed gaming experiences that typically last for shorter durations. These bite-sized competitions feature head-to-head leagues and quick, action-packed gameplay, providing a thrilling and adrenaline-pumping experience for both participants and spectators alike. The shortened format makes it more accessible for audiences with limited time, creating a potential boon for engagement and participation.
Esports Entertainment Group, Inc. (Nasdaq: GMBL)’s strategic focus on short-cycle wage-rable competitive content aligns with the evolving preferences of modern audiences, particularly the younger generation that craves instant gratification and exciting, bite-sized experiences. As attention spans continue to shorten in today’s fast-paced digital age, short-cycle wage-rable becomes increasingly attractive, offering a compelling alternative to traditional esports formats.
This emphasis on short-cycle wage-rable esports content also opens up new avenues for esports be-tting opportunities. The shorter duration of the competitions allows for more frequent be-tting events, enhancing the overall be-tting experience for enthusiasts and potentially increasing be-tting volumes. Esports Entertainment Group, Inc. (Nasdaq: GMBL)’s foray into this space allows the company to capitalize on the growing interest in esports be-tting, while also catering to the diverse preferences of its user base.
Moreover, short-form competitive content has the potential to attract a broader audience beyond hardcore esports fans. The fast-paced and action-packed nature of these competitions can appeal to casual gamers, general sports enthusiasts, and even individuals new to the esports scene. By expanding its reach to a wider demographic, Esports Entertainment Group, Inc. (Nasdaq: GMBL) can further solidify its position as a leading player in the esports industry.
The success of short-form competitive content has been demonstrated through the rising popularity of platforms and games that embrace this format. Various titles and games have adopted this approach, and their popularity has soared, resonating with viewers across different platforms and regions. Esports Entertainment Group, Inc. (Nasdaq: GMBL)’s recognition of this trend positions the company at the forefront of innovation in the industry, staying ahead of the curve and tapping into a lucrative market segment.
The focus on short-form competitive content is believed to be a pivotal moment in the evolution of the esports industry. Esports Entertainment Group, Inc. (Nasdaq: GMBL)’s strategic emphasis on short-cycle wage-rable esports content opens up exciting possibilities for increased engagement, broader audience appeal, and innovative esports be-tting opportunities. As the esports landscape continues to evolve, the company’s forward-looking approach positions it for sustained growth and success in this ever-expanding and dynamic market.
PIONEERING THE FUTURE: HOW ALEX IGELMAN TRANSFORMED THE GAMING INDUSTRY AND NOW ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL)
The success of any company heavily relies on the expertise and vision of its leadership, and Esports Entertainment Group, Inc. (Nasdaq: GMBL) is no exception. At the helm of this dynamic organization is CEO Alex Igelman, a true pioneer in the world of Internet gaming, whose extensive experience and achievements have shaped the gaming industry and set the stage for the company’s continued growth and success.
With over 25 years of experience in technology, entertainment, and ca-sino gaming, Alex Igelman has established himself as a trailblazer in the gaming landscape. His early recognition of the potential of Internet gaming showcased his visionary approach and set him apart as a true industry pioneer. In 1996, Igelman made history as the first lawyer to focus on Internet gaming, a groundbreaking move that would change the course of the gaming world forever.
His foresight and legal acumen played a pivotal role in the early success of industry giants like PartyGaming and PokerStars. As these gaming platforms emerged, Igelman’s strategic insights and legal guidance navigated the complexities of the industry, contributing significantly to their growth and prominence. Through his involvement, he laid the groundwork for these companies to become powerhouses in the gaming space, revolutionizing online gaming and setting new standards for the industry.
Such accomplishments underscore Igelman’s reputation as an innovative and forward-thinking leader in the gaming landscape.
Igelman’s impressive track record extends beyond Internet gaming, as he was also instrumental in the creation and formation of GVC, a publicly listed gaming company on AIM. His involvement in GVC’s early stages helped shape the company into a dominant player in the gaming industry, further solidifying his reputation as a seasoned and influential figure in the gaming world.
Recognizing the immense potential of esports, Igelman shifted his focus to this booming industry in 2014. This visionary move led him to a strategic advisory role at Pro Gaming League (PGL), an early esports company that was later acquired by Millennial Esports Corp. His involvement in the esports space further demonstrated his ability to identify emerging trends and capitalize on them effectively.
In 2016, Igelman founded Millennial Esports Corp., and his leadership as CEO propelled the company’s growth and innovation. Under his guidance, the company successfully raised substantial funding, acquired valuable companies, and made its debut on the TSX-V, solidifying its position in the esports and gaming markets.
Igelman’s influence doesn’t stop there. In 2019, he founded Esports Capital Corp. (ECC), a testament to his continuous commitment to driving innovation in the esports and gaming sectors. As the managing director of ECC, Igelman led a company focused on facilitating and curating relevant opportunities in esports and gaming, further contributing to the growth and development of the industry.
With his proven track record of success, innovative mindset, and strategic vision, Alex Igelman brings a wealth of expertise to Esports Entertainment Group. His leadership and experience in pioneering Internet gaming and navigating the evolving landscape of esports and gaming provide the company with a competitive edge and a strong foundation for future achievements.
The experienced leadership of CEO Alex Igelman is a driving force behind Esports Entertainment Group’s trajectory in the esports industry. As a true pioneer in Internet gaming, Igelman’s visionary approach and strategic insights have shaped the success of prominent gaming ventures and set the stage for the company’s ongoing growth. With Igelman at the helm, Esports Entertainment Group is well-equipped to capitalize on the booming esports market and drive continued success, making it a company to watch in the ever-evolving world of esports and online gaming.
DIGGING DEEP
Esports Entertainment Group, Inc.
(Nasdaq: GMBL)
ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL) WELCOMES ROBERT SOPER, RENOWNED RESORT AND GAMING INDUSTRY EXECUTIVE, TO BOARD OF DIRECTORS
Esports Entertainment Group, Inc. (NASDAQ: GMBL) recently made a significant addition to its Board of Directors with the appointment of Mr. Robert Soper. The company announced the prestigious inclusion, highlighting Soper’s illustrious career in the resort and gaming industries and his extensive experience in overseeing large-scale projects and integrated resort properties.
The CEO of Esports Entertainment Group, Inc. (Nasdaq: GMBL), Alex Igelman, expressed his delight in welcoming Robert Soper to the board, emphasizing his reputation as a highly esteemed leader in the resort and gaming sectors. Igelman recognized Soper’s impressive track record and wide-ranging industry relationships, which are expected to bring considerable value to the company as it continues its strategic turnaround. The decision by Mr. Soper to join the board underscores his confidence in the company’s ongoing transformation and recognizes the substantial potential within the iGaming and esports sectors.
With over two decades of experience in the resort and gaming industry, Robert Soper has been at the forefront of numerous groundbreaking projects. He is the founder and CEO of Sun Gaming & Hospitality, a renowned provider of advisory services to resort operators, investors, regulatory bodies, private equity funds, banks, and developers. His expertise spans every aspect of resort finance, development, and operations, contributing to the successful realization of large-scale projects in competitive regional and destination markets.
Mr. Soper’s illustrious career includes significant roles as President & CEO of Mohegan Sun Pocono in Wilkes-Barre, PA, and President & CEO of Mohegan Sun in Uncasville, CT. During his tenure at these properties, he played a crucial role in the successful launch of the first ca-sino in the Commonwealth of Pennsylvania, as well as the introduction of online gaming for the organization. Additionally, Robert Soper served as President & CEO of the Mohegan Tribal Gaming Authority (MTGA), where he oversaw all business development efforts and day-to-day operations.
One of his remarkable achievements includes leading the effort to procure an Integrated Resort License in Korea, emerging victorious amidst a global field of 34 applicants. This accomplishment aimed to develop a world-class integrated resort at Incheon Airport, with Soper overseeing all financing for the project as International President.
A distinguished academic background further complements Soper’s illustrious career. He graduated magna cum laude with a Bachelor of Business Administration in Economics from the University of Georgia, and he received a Juris Doctor with honors from the University of Georgia Law. Notably, he served on the Editorial Board of the Georgia Law Review, showcasing his commitment to academic excellence.
With the appointment of Robert Soper to the Board of Directors, Esports Entertainment Group, Inc. (NASDAQ: GMBL) strengthens its leadership team, gaining a wealth of knowledge and experience from a respected industry leader. As the company continues its strategic turnaround and expands its presence in the iGaming and esports sectors, the addition of Soper is expected to further propel its growth and success in the global gaming industry.
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- Source 28: https://www.google.com/finance/quote/ENT:LON?sa=X&ved=2ahUKEwjqpc6J3LGAAxVkrYkEHeXHBV4Q3ecFegQIHxAh&window=MAX
- Source 29: https://www.investopedia.com/ask/answers/121214/what-are-best-indicators-identify-overbought-and-oversold-stocks.asp
- Source 30: https://investorplace.com/wp-content/uploads/2022/04/oversoldstocks1600-1024×576.png
- Source 31: https://www.newsfilecorp.com/release/155605/Esports-Entertainment-Group-Inc.-Announces-Reverse-Stock-Split
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