Esports Entertainment Group, Inc. (GMBL)

NASDAQ: GMBL · IEX Real-Time Price · USD
3.95
-0.17 (-4.13%)
At close: Dec 29, 2023, 4:00 PM
3.89
-0.06 (-1.52%)
After-hours: Dec 29, 2023, 7:57 PM EST
-4.13%
Market Cap 4.21M
Revenue (ttm) 16.05M
Net Income (ttm) -47.75M
Shares Out 1.06M
EPS (ttm) -7,216.00
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 343,812
Open 4.20
Previous Close 4.12
Day's Range 3.62 - 4.25
52-Week Range 3.20 - 9,520.00
Beta 1.16
Analysts Hold
Price Target 2.00 (-49.37%)
Earnings Date Feb 20, 2024

About GMBL

Esports Entertainment Group, Inc. operates as an iGaming and entertainment company in the United States and internationally. It operates through two segments, EEG iGaming and EEG Games. The EEG iGaming segment operates iDefix, a casino platform. The EEG Games segment operates ggCircuit, a local area network center management software and services for managing mission critical functions, such as game licensing and payments; and creates esports content for distribution to the betting industry. The company was formerly known as VGambling, Inc. and... [Read more]

Industry Gambling
CEO Alex Abraham Igelman L.L.B., LLB
Employees 100
Stock Exchange NASDAQ
Ticker Symbol GMBL
Full Company Profile

Financial Performance

In 2023, GMBL's revenue was $22.97 million, a decrease of -60.64% compared to the previous year's $58.35 million. Losses were -$33.63 million, -67.32% less than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for GMBL stock is "Hold" and the 12-month stock price forecast is $2.0.

Price Target
$2.0
(-49.37% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Esports Entertainment Group Announces Reverse Stock Split

St. Julian's, Malta--(Newsfile Corp. - December 20, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Co...

11 days ago - Newsfile Corp

Esports Entertainment Group Temporarily Suspends Series A Preferred Stock Dividend

Julians, Malta--(Newsfile Corp. - December 8, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"...

23 days ago - Newsfile Corp

Esports Entertainment Group Provides Fiscal First Quarter Business Update

Initiatives Expanding Esports and iGaming Offerings, Focusing on End-to-End Betting Solutions High Standards and Regulatory Compliance Remain at the Forefront; Ensuring Solutions Meet State-by-State S...

5 weeks ago - Newsfile Corp

Esports Entertainment Group, Inc. Announces Preferred Stock Dividend

St. Julians, Malta--(Newsfile Corp. - November 3, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or "EEG") announced today that its Board of ...

2 months ago - Newsfile Corp

Esports Entertainment Group Announces Strategic Investment in Drafted.gg, a Leading Esports Event Organizer and Producer of Short-Cycle Wagerable Esports Content

Expands Company's B2B Esports Betting Offerings; Provides Revenue-Sharing from Wagerable Content Distribution Esports Entertainment to Coordinate Comprehensive Third-Party Operations Integrity Audit t...

2 months ago - Newsfile Corp

Esports Entertainment Group Provides Fiscal Year-End 2023 Business Update

Continues Strategic Restructuring to Optimize Operations; Reduces Total Liabilities by Over $51 Million Since Beginning of Calendar 2023 Cuts Non-Profitable Operations and Contracts; Projects Over $4 ...

2 months ago - Newsfile Corp

Esports Entertainment Group, Inc. Announces Partnership with Leading Esports Odds Provider, Oddin.gg, to Integrate its Award Winning Esports Betting Solution into the Company's iGaming Platform, Idefix

Addition of iFrame esports betting to round out EEG's end-to-end B2C esports betting and iGaming offerings Product offering lineup slated to include betting markets for all major esports events as wel...

3 months ago - Newsfile Corp

Esports Entertainment Group, Inc. Announces New Online Gaming Expansion with Delasport Integration for Sports Betting

St. Julians, Malta--(Newsfile Corp. - October 3, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (the "Company" or "EEG") today announced its l...

3 months ago - Newsfile Corp

Esports Entertainment Group's Wholly Owned Subsidiary, ggCircuit, Forges Groundbreaking Partnership with Todd Harris' Ghost Gaming to Pioneer Scholastic Esports Innovation Center

Dedicated to pioneering research and co-developing cutting-edge technology tailored to the evolving needs of school esports programs Center will serve as a hub for competitive gaming communities, brin...

3 months ago - Newsfile Corp

Esports Entertainment Group, Inc. Promotes Michael Villani to Chief Financial Officer

St. Julians, Malta--(Newsfile Corp. - August 30, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the "Company") today announced the promoti...

4 months ago - Newsfile Corp

Esports Entertainment Group Announces Registered Direct Offering and Settlement Agreement

St. Julians, Malta--(Newsfile Corp. - August 15, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the "Company") today announced that it has...

4 months ago - Newsfile Corp

Esports Entertainment Group Announces Addition of Renowned Resort and Gaming Industry Executive Robert Soper to Board of Directors

Julians, Malta--(Newsfile Corp. - June 12, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leadin...

7 months ago - Newsfile Corp

Esports Entertainment Group Announces Appointment of Damian Mathews as Chief Operating Officer

Julians, Malta--(Newsfile Corp. - May 31, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading...

7 months ago - Newsfile Corp

Esports Entertainment Group Provides Fiscal Third Quarter Business Update

Divests Non-Core Businesses in a Company Reset to Maximize Opportunities in the Esports and E-simulator Markets Initial Restructuring Costs Reflected in Fiscal Third-Quarter Results; Anticipates Ultim...

7 months ago - Newsfile Corp

Esports Entertainment Group Announces Agreement to Complete $4.3 Million Private Placement

St. Julians, Malta--(Newsfile Corp. - May 1, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a lead...

8 months ago - Newsfile Corp

Esports Entertainment Group Announces Agreement to Exchange $15 Million Senior Convertible Note to Unsecured Convertible Preferred Stock

Expects to report elimination of substantially all debt St. Julians, Malta--(Newsfile Corp. - April 20, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ...

9 months ago - Newsfile Corp

Esports Entertainment Group CEO Provides Letter to Shareholders

Outlines Corporate Vision and Discusses Ongoing Restructuring  to Enhance Operational Efficiency Reports Annualized Cost Reductions Anticipated to Exceed $4.0 Million Reduces Debt and Other Liabilitie...

9 months ago - Newsfile Corp

Esports Entertainment Group, Inc. Announces Reverse Stock Split

St. Julians, Malta--(Newsfile Corp. - February 21, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (the "Company") today announced that it will...

11 months ago - Newsfile Corp

Esports Entertainment Group, Inc. Announces Sale of the Bethard Business and Amendment to Senior Convertible Note

St. Julians, Malta--(Newsfile Corp. - February 17, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (the "Company") today announced that it has ...

11 months ago - Newsfile Corp

Esports Entertainment Group Announces Alex Igelman as Chief Executive Officer

St. Julians, Malta--(Newsfile Corp. - December 23, 2022) -  Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the "Company" or "EEG") today announced...

1 year ago - Newsfile Corp

Esports Entertainment Group Announces Registered Direct Offering and Private Placement

St. Julians, Malta--(Newsfile Corp. - December 21, 2022) - Esports Entertainment Group, Inc.

1 year ago - Newsfile Corp

Esports Entertainment Group Announces Leadership Changes and Business Update

St. Julians, Malta--(Newsfile Corp. - December 7, 2022) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (the "Company" or "EEG") today announced the ...

1 year ago - Newsfile Corp

Esports Entertainment Group Receives Approval for Continued Nasdaq Listing

St. Julians, Malta--(Newsfile Corp. - December 5, 2022) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the "Company") today announced that on No...

1 year ago - Newsfile Corp

Esports Entertainment Group Reports Fiscal 2022 Fourth Quarter Revenue of $11.7 Million

Hoboken, New Jersey--(Newsfile Corp. - October 13, 2022) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or the "Company") today announced its finan...

1 year ago - Newsfile Corp

Esports Entertainment Group Announces Pricing of $7.5 Million Public Offering of Common Stock and Warrants

Hoboken, New Jersey--(Newsfile Corp. - September 15, 2022) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (the "Company") today announced the pricing of its previously announced underwritten publi...

1 year ago - Newsfile Corp