Thursday, February 04, 2021

Esports Entertainment Group, Inc. (GMBL)
Raising Price Target; Closes In On Acquisitions

Esports Entertainment Group Inc is a development-stage online gambling company focused purely on esports. The company’s principal business operations include design, develop and test wagering systems.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

NobleCon 17 highlights. This report highlights a presentation and Q&A at NobleCon 17 with CEO Grant Johnson. A rebroadcast may be obtained by clicking here. Topics that were discussed included the company’s strategy to create a vertically integrated approach to the esports market, updates on the acquisition timeline, anticipated revenue in fiscal 2022, and future acquisition prospects.


Acquisition timeline.  The EGL acquisition closed the day after the presentation. Lucky Dino is expected to close within the month of February. The bigger transaction, ggCircuit/Helix transaction should close late March or early April, and will be a debt and equity transaction …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.