Followers | 605 |
Posts | 69362 |
Boards Moderated | 1 |
Alias Born | 01/09/2007 |
Wednesday, October 14, 2020 11:15:52 AM
Oct. 12, 2020 2:47 PM ET|
About: Esports Entertainment Group, Inc. (GMBL)
Esports Entertainment is well positioned to capture market growth. It has online gambling licenses in nearly 150 jurisdictions, a best-in-class wagering platform, hundreds of marketing affiliate partnerships and a strong management team.
Advertisers and sponsors have been quick to embrace esports due to attractive demographics.
The average esports fan is young (approximately 26 years of age), relatively affluent (one-third have incomes exceeding $90,00).
Eports has massive global appeal.
Esports Entertainment (GMBL):
Newly-public Esports Entertainment (GMBL) offers the most versatile and transparent wagering platform in the $3.6 billion online gaming market. We initiate coverage with a Buy long-term rating and a $7.00 price target.
INVESTMENT THESIS
Esports Entertainment Group is an emerging leader in the rapidly expanding multi-billion-dollar market for online gambling and esports wagering. Esports is a relatively new segment of online gambling consisting of competitive video game playing by individuals and/or teams for cash prizes. The company has developed an innovative wagering platform that offers betting enthusiasts better odds and greater transparency in a secure, online environment and added a best-in-class customer loyalty program through its July acquisition of Argyll Entertainment. Esports Entertainment already was able to accept online wagers from fans in Canada, Japan, Germany and South Africa and recently secured a Malta gaming license that extends its reach into nearly 150 jurisdictions, including a number of European Union member countries.
The Argyll Entertainment acquisition also provided Esports Entertainment with UK and Ireland gambling licenses and some 200,000 registered online players. A gambling license in New Jersey has been secured via the company’s partnership with Twin Rivers Worldwide Holdings (TRWH). This partnership provides an initial US foothold that Esports Entertainment plans to expand into more states.
Want to learn more: https://seekingalpha.com/article/4378656-esports-leading-way-in-online-gaming
Recent GMBL News
- Esports Entertainment Group Announces Upgrade to the OTCQB • GlobeNewswire Inc. • 03/28/2024 07:00:00 PM
- Esports Entertainment Group Announces Secured Note and Amendments to its Convertible Preferred Stock • GlobeNewswire Inc. • 03/13/2024 09:00:00 PM
- Esports Entertainment Group Announces Update to Voluntary Delisting from the Nasdaq • GlobeNewswire Inc. • 02/20/2024 06:00:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM