- The Esports Entertainment Group has received its gaming license in Malta.
- The company will now begin to launch their online betting platform aimed at esports wagering and 18+ gaming.
BIRKIRKARA, Malta – The Esports Entertainment Group officially received their gaming license in the European country of Malta this week, signifying a major step in their plan to launch a dynamic esports betting platform.
The company is aiming to create an esports betting network and online community that will bring bettors and gamers together under one system.
Esports Entertainment Group is planning to offer fantasy bets, betting pools, fixed odds, and an exchange system on their new platform.
The company sought out a license in the country of Malta due to its history of gambling regulations. Malta was one of the first countries in Europe to allow legal online gambling, back in the year 2000.
Malta is the popular home of many major online sportsbooks platform, and provides the infrastructure necessary to run this type of business.
“Receiving our Malta gaming license is another major milestone achievement for Esports Entertainment,” said Grant Johnson, CEO of Esports Entertainment Group.
Esports Entertainment Group prides itself on being the first online gambling company to be publicly traded in an American stock exchange.
Esports Entertainment common stock is listed on the NASDAQ as GMBL.
Reacting to the news of the newly acquired license, the company stock was traded heavily, rising 6.5% to $4.40 a share in premarket transactions.
While the company continues to grow, financial news outlets are beginning to talk about the future of GMBL stock.
The shares for the Esports Entertainment Group have seen massive fluctuation since the announcement of the deal.
GMBL had ended its last session trading at $4.73 a share.
While the betting industry surrounding esports continues to rapidly expand, expect more companies like Esports Entertainment Group to begin making big waves in the online betting community.
Jimmy began his journalistic journey as a stat recorder and PA announcer for his middle school baseball team. Full of experience across print, broadcast, and sports radio, he brings his knowledge and toolkit to the LegalSportsBetting team. You can find him watching sports, making parlays, and listening to music on any day ending in Y.