Esports Entertainment Group Inc Share News

St. Julian's, Malta, March 28, 2024 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (OTCQB: GMBL) (OTCQB: GMBLP) (“Esports Entertainment Group”, “EEG”, or the “Company”), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced its common stock, trading under the symbol GMBL, par value $0.001, and 10% Series A Cumulative Rede...

Secures Non-Convertible Secured Note of $1.42 Million and a Restructuring of the Existing Preferred Stock Secures Non-Convertible Secured Note of $1.42 Million and a Restructuring of the Existing Preferred Stock

St. Julian's, Malta, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (“Esports Entertainment”, “EEG”, or the “Company”), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced an update to its voluntary delisting from the Nasdaq Stock Market LLC (“...

Esports Entertainment (NASDAQ: GMBL ) stock is a hot topic among traders on Wednesday after the company announced plans to voluntarily delist its shares from the Nasdaq Stock Market. Esports Entertainment said this action was approved by its Board of Directors in an effort to reduce the costs of maintaining a listing on the exchange.

Esports Entertainment (NASDAQ: GMBL ) stock is rising higher on Thursday despite a lack of news from the online gaming and entertainment company. Esports Entertainment hasn't put out any new filings or press releases that would explain why its stock is up this morning.

The iGaming, or online gambling, niche market was red-hot in 2020 and 2021 but may be cooling off now. So, it makes sense that Esports Entertainment (NASDAQ: GMBL ) would choose to sell its Bethard iGaming business.

The Esports Entertainment Group Inc (NASDAQ: GMBL) stock price had rallied over 30% after announcing its exit from the UK market on November 15. However, the shares retraced after the midweek climb, falling to trade at $0.1161  −$0.024 (17.07%) by the end of the closing bell on Thursday, November 17.

Source: NYCStock / Shutterstock.com Esports Entertainment (NASDAQ: GMBL ) stock is falling hard on Friday after the company revealed public stock offering details. The latest press release has Esports Entertainment pricing its shares at 25 cents each in the public stock offering.