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Message: Esports Entertainment Forms New Jersey Subsidiary to Pursue Licensing Strategy in United States. Receives Additional $1.86M From Exercise of Warrants
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Re: Esports Entertainment Forms New Jersey Subsidiary to Pursue Licensing Strategy in United States. Receives Additional $1.86M From Exercise of Warrants

posted on May 26, 2020 08:01AM
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This is great news and reveals a significant piece of the GMBL growth strategy:

1.  M&A strategy - Announces Binding LOI to Acquire Argyll with $12M revenue

2.  Organic strategy - Announces onboarding of hundreds of affiliates

3.  European strategy - Announces Malta license grant (+ UK / Ireland with Argyll)

4.  USA strategy - Forms GMBL New Jersey with pretty strong indication of multiple licenses 

5.  Cash - Initial $8.4M raise + another $2.75M in May

At a $40M market cap, all bias aside, this is a no brainer buy and hold.

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