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Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the "Company") announced today that it has completed the full migration of its SportNation.com and Vie.bet iGaming sites to its proprietary Idefix platform. Prior to the migration, both iGaming brands had been leveraging a platform from BetConstruct to deliver their iCasino and sportsbook offerings.
"The migration to Idefix is an important milestone for Esports Entertainment Group as it clearly demonstrates our Company's success in technology development and integration as well as our ability to drive operational efficiencies to enhance the profitability of our iGaming brands," said Grant Johnson, CEO of Esports Entertainment Group. "We expect the consolidation of SportNation and Vie onto our proprietary platform will allow both brands to grow their revenue and enable us to cross-sell our offerings to more efficiently maximize player value. I am extremely proud of our entire team for their hard work, and believe this migration provides a repeatable long-term roadmap for further technology rationalization."
The Company acquired the Idefix iCasino technology platform as part of the Lucky Dino transaction it completed in December 2020. Sportsbook capabilities from BetBy were integrated into Idefix in preparation for SportNation.com and Vie.bet to launch with a full online offering of casino, sports betting and esports. This also provides options for the future to integrate the sports and esports offerings into existing brands or launch new brands with the full suite of product offerings.
Furthermore, with the migration to Idefix complete, SportNation.com and Vie.bet customers now have access to a full suite of payment solutions and benefit from Idefix's full player account management system and regulatory features.
About Esports Entertainment Group
Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Contact:
Media Inquiries
brandon.apter@esportsentertainmentgroup.com
Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com
JCIR
Joseph Jaffoni, James Leahy, Norberto Aja
212-835-8500
gmbl@jcir.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107590
