Hoboken, New Jersey--(Newsfile Corp. - December 9, 2021) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the "Company"), an esports entertainment and online gambling operator, applauds the passage of Ohio House Bill 29 to legalize sports betting in the state, which has now been sent to Governor Mike DeWine for his signature. Importantly, the bill includes a provision that allows for wagering on professional eSports, creating a pathway to further leverage and monetize the Company's Vie.gg wagering platform.

"The news of Ohio's sports betting bill moving to the governor for his signature is a significant step forward for our Vie.gg wagering platform and our Company," said Grant Johnson, CEO of Esports Entertainment Group. "We've actively supported House Bill 29, working with Ohio legislators and a range of partners to ensure the inclusion of eports wagering in the legislation and are now prepared to play a key role in building a strong eSports gaming community in Ohio, the seventh most populous state in the US. We are also excited that the new legislation will allow us to advance our key partnerships with the Cleveland Cavaliers and the Hall of Fame Village in Canton, and leverage the opportunity for Esports Entertainment across Ohio."

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:

Media Inquiries
brandon.apter@esportsentertainmentgroup.com

Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com

JCIR
Joseph Jaffoni, James Leahy, Norberto Aja
212-835-8500
gmbl@jcir.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107217