Profile: Esports Entertainment Group Inc (GMBL.PK)
24 May 2019
Esports Entertainment Group, Inc., formerly VGambling Inc., incorporated on July 22, 2008, is a development-stage online gambling company. The Company intends to offer eSports enthusiasts from around the world, excluding the United States, the ability to wager on a range of e-Sports events. It intends to offer users the opportunity to wager against other users utilizing a peer-to-peer wagering system with no risk to the Company. It intends to offer spectators the ability to wager on all major professional eSports events and a range of amateur eSports events that will be broadcast live through streaming services, including twitch.tv, azubu.tv, ustream.tv and youtube.com. The Company also intends to offer users from around the world, excluding 13 States within the United States, the ability to participate in online video game tournaments and win cash prizes. Participants will be able to enter and play against each other with prize money distributed to the last remaining competitors.
The Company intends to offer users a selection of video games of skill to be played online for real money in both small groups and major tournaments. Users will be able to enter and participate in tournaments utilizing their PC, game console or mobile device. In video game tournaments, players play against each other in either ring games (that is games for cash on a hand-by-hand basis) or in tournaments (that is players play against each other for tournament chips with prize money distributed to the last remaining competitors) or variations thereof. It will be focused solely on offering online wagering on a range of eSports events broadcast from around the world, as well as, hosting online video game tournaments for enthusiasts. It intends to complete the development, testing and launching of its eSports focused online gambling Website. As of September 30, 2016, the Company has not generated any revenue from its operations. As of June 30, 2016, the Company has eight play-money Websites, available in local languages, under development.
The Company competes with Unikorn, Skilz, bet365, William Hill, and Pinnacle Sports.
Esports Entertainment Group Inc
155 Jolly Harbour, Units 13/14
SAINT JOHNS 00000