Esports entertainment group announces strategic investment in drafted.gg, a leading esports event organizer and producer of short-cycle wagerable esports content
Expands company's b2b esports betting offerings; provides revenue-sharing from wagerable content distribution esports entertainment to coordinate comprehensive third-party operations integrity audit to support u.s. market expansion st. julians, malta--(newsfile corp. - october 31, 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 announced that it has signed a binding letter of intent to acquire a 30% minority interest, in furtherance of strategic collaboration and revenue sharing agreement with drafted.gg, a leading wagerable esports content producer based in czech republic. alex igelman, ceo of esports entertainment, stated, "we are excited to obtain a minority interest and participate in a revenue-sharing agreement that drafted.gg has in place, as a first step in a broader planned collaboration.
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