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.
GMBL Ratings Summary
GMBL Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission