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Gaming Stock News: Esports Entertainment Group (NASDAQ: GMBL) Reaches $1 Million Milestone in Crypto Mining Since Launch in May

 

Newark, New Jersey - October 13, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the "Company"), an esports and online gambling company, is pleased to announce that ggCircuit's crypto mining application for LAN centers has crossed the $1 million mark. The mining application is an add-on to the ggLeap subscription that enables center owners to utilize idle computing power to mine for Ethereum. Since the beta launch in May 2021, 304 centers across 58 countries have opted in and mined over $1 million.

"The crypto mining application has grown exponentially over the last few months and we've added nearly 200 more centers since July," said Grant Johnson, CEO of Esports Entertainment Group. "This milestone is another significant step forward as we continue to grow and receive positive feedback on ggCircuit's product."

ggCircuit is a B2B software company that provides cloud-based management for LAN centers, a tournament platform, and integrated wallet/point-of-sale solutions for enterprise customers.

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:

U.S. Investor Relations
RedChip Companies, Inc.
Dave Gentry
407-491-4498
dave@redchip.com

Media Inquiries

brandon.apter@esportsentertainmentgroup.com

Media & Investor Relations Inquiries

Jeff@esportsentertainmentgroup.com

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