Esports Entertainment Group gets one step closer to New Jersey gambling permit

NASDAQ-listed gambling company Esports Entertainment Group (EEG) I’ve seen game licenses approved by. New Jersey Gaming Executive (DGE) The company announced on Monday.

The approval notice allows EEG to begin submitting software to New Jersey regulators for testing and to apply for a waiver of trading rights. After passing the DGE test, the license allows the EEG to serve the bettor in the Garden State. This includes the sportsbook VIE.bet, which focuses on esports.

Credit: Esports Entertainment Group

Relation: Baltimore Ravens Signs Multi-Year Contract with Esports Ent Group

The company expects to accept its first bet in New Jersey by the end of the first quarter fiscal year.

Grant Johnson, CEO of Esports Entertainment GroupCommented on the release announcement: “This is a big step for us in our growth strategy in the United States, as more than 50% of esports fans in the United States are likely to participate in esports betting, according to a survey by data firm Interpret. I am convinced that the demand is strong.

“It is very exciting to have access to the market, which is currently the largest sports betting market in the United States, and we are in talks with partners and regulators in additional jurisdictions to continue our expansion plans.”

Relation: Esports Entertainment Group Partners with Denver Broncos

October 2020, EEG announcement Agreement It will acquire both the venue company Helix eSports and B2B software provider ggCircuit for a transaction worth approximately $ 43 million. Two months ago, the gambling operator signed. Letter of intention Purchase the event organizer Esports Gaming League (EGL).

Since these two transactions, EEG has embarked on expanding its partnership in the new company’s business unit, the traditional sports sector. It arrived in the form of deals with Baltimore Ravens, Philadelphia Eagles, Denver Broncos, Craft Sports, the Los Angeles Kings and more.

Comments from Esports Insider: Following this news, the Esports Entertainment Group is one step closer to serving esports bettors in Garden State. Prior to its debut in the United States, the company has been fairly active in prioritizing national partnerships in the areas of traditional sports and esports.

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Esports Entertainment Group gets one step closer to New Jersey gambling permit

Source link Esports Entertainment Group gets one step closer to New Jersey gambling permit

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