Esports betting and entertainment company Esports Entertainment Group (EEG) has announced that it will revise its current portfolio of assets following liquidity concerns. During EEG’s Q3 2022 fiscal year financial report, which ended 31st March 2022, the company announced a $38.6m (~£30.87m) impairment charge related to its esports assets Helix, ggCircuit and EGL. Image credit: […]
This article first appeared in The Esports Journal Edition 10 The growth levels of esports betting have somewhat stabilised after a pandemic-induced spike. Nevertheless, more sportsbooks have realised the potential of esports and picked it up as part of their offering, which has led to a higher demand for better products. In the past, the […]
Russian esports organisation Team Spirit has extended its partnership with bookmaker Parimatch for an additional year. The renewal will see Parimatch remain the organisation’s title partner throughout 2022, with the option to extend the agreement further until 2024. Image credit: Team Spirit RELATED: Team Spirit announces partnership with Secretlab The bookmaker’s logo will be featured on […]
Esports and gaming company Tiidal Gaming has announced the appointment of Tom Hearne, formerly of theScore, as its new Chief Executive Officer. The company also announced that Hearne will also become a board member for Tiidal. Moreover, he will host the upcoming earnings call for investors in January to discuss Tiidal Gaming’s strategy and vision […]
Image credit: ESI Commercial deals underpin the esports industry; sponsorship is our bread and butter. For many companies in the sector, after all is said and done, commercial sponsorships are what define the bottom line. From new investors to endemic sponsors to the esports organisations that bare their branding, the industry this year has sought […]
Image credit: ESI Esports betting has had a prominent two years. The mass exodus of sporting events that started in 2020 caused bookmakers to turn towards competitive gaming. Moreover, the US has started to embrace the sector with more legislation across a range of states permitting esports betting. Esports betting is an industry staple. However, […]
As football maintains its position as one of the most popular sports around the globe, individuals are becoming more hungry to consume football content. As a result, fans have increasingly been eyeing up a developing and rising form of sporting entertainment: football esports. Image credit: ESportsBattle RELATED: EsportsBattle adds heart monitors to cyber football streams Esports […]
Sports betting and media company Rivalry has posted its Q3 2021 results, outlining record revenue, betting handle, and further expansion plans in 2022. The Canadian operator’s overall betting handle was $23.2m CAD (~£13.76m) in the quarter, up 141 percent from the previous year in Q3 2020. Rivalry additionally netted $3.7m (~£2.19m) in revenue, an impressive […]
Esports organisation FaZe Clan has today agreed a partnership with fantasy sports company DraftKings Inc., the two parties announced in a release. The deal will see DraftKings become the ‘Official Sports Betting, iGaming, Daily Fantasy and Free-to-Play Partner’ of FaZe Clan. The two brands will cooperate on a series of content activations featuring FaZe’s content […]
Connecticut’s legal sports betting legislature, which includes language permitting licensed operators in the state to accept wagers on esports events, has officially come into effect this week. The bill HB 6451, authorising legal sports betting in the state, was passed earlier this year and launched officially in Connecticut on Tuesday. In the bill, esports is […]