Esports entertainment group ceo provides letter to shareholders

Outlines corporate vision and discusses ongoing restructuring  to enhance operational efficiency reports annualized cost reductions anticipated to exceed $4.0 million reduces debt and other liabilities by over $27 million, year-to-date st. julians, malta--(newsfile corp. - april 17, 2023) - esports entertainment group, inc. (nasdaq: gmbl) (nasdaq: gmblp) (nasdaq: gmblw) (nasdaq: gmblz) ("esports entertainment" or the "company"), a leading, global igaming company and business-to-business (b2b) esports content and solutions provider, today provided the following letter to shareholders from the company's ceo, alex igelman, including an update on its ongoing restructuring plan aimed at driving accelerated growth and increased operational efficiency: to my fellow shareholders, since joining the company approximately three months ago, i immediately undertook a top-to-bottom review of the entire organization based on where i believe the esports and esports gambling industries are heading, and then tied this into a cohesive vision for the company. esports entertainment already owns several valuable assets that it had previously acquired and, going forward, these assets should serve as the foundation for the company's new direction.
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