Esports entertainment group provides fiscal year-end 2023 business update

Continues strategic restructuring to optimize operations; reduces total liabilities by over $51 million since beginning of calendar 2023 cuts non-profitable operations and contracts; projects over $4 million in annual savings broadens offerings with key partnerships in igaming and esports wagering st. julians, malta--(newsfile corp. - october 16, 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 solutions provider, today provided strategic, financial, and operational updates for the fiscal year end june 30, 2023. "over recent months, the company has undertaken a comprehensive examination of our organization, focusing on the anticipated trajectory of the esports and igaming sectors," commented alex igelman, ceo of esports entertainment.
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