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Julians, Malta — (Newsfile Corp. — May 31, 2023) — Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW ) (NASDAQ: GMBLZ ) (“Esports Entertainment” or “Company”), A leading global online gaming company and provider of business-to-business (B2B) esports content and solutions, today announced the appointment of Damian Mathews as its new Chief Operating Officer. Mr. Mathews has served as a member of the Company’s Board of Directors since June 2020.
“I am delighted to announce that Damian Mathews has agreed to rejoin the senior management team as Chief Operating Officer of Esports Entertainment Group,” commented Alex Igelman, CEO of Esports Entertainment Group. “Damian previously served as Chief Financial Officer from April 2022 and was subsequently appointed Chief Operating Officer in June 2022 until he resigned from these roles in December 2022. Despite his departure, he continues to serve on the Board A loyal member of the company, he felt he could have the greatest impact. Prior to him, despite a short stint as COO/CFO, he was instrumental in streamlining company operations and advocating for significant change within the organization Importantly, his decision to rejoin the team reflects his full alignment with the new direction of the company and the bright future of the esports industry. Furthermore, he has the full support of the Board of Directors, who trust him in his role in global business operations and His experience in the gaming industry makes him well-qualified to help lead the company through our next phase of growth, with a focus on profitability and driving shareholder value.”
Mr. Mathews commented: “I am delighted to be returning to the executive team of Esports Entertainment Group. Since I left my position as the company’s CFO/COO in December, and my current position as a member of the company’s Board of Directors, I have witnessed first-hand In the few short months since Alex joined the company, it has undergone a dramatic turnaround. I have full confidence in the company’s new leadership and direction and look forward to playing a key role in driving financial and operational success Acting Inc. The esports and online gaming industry is experiencing rapid growth and I firmly believe that Esports Entertainment Group is now in the ideal position, with the right assets at the right time, and with the right leadership and business model, to thrive in this rapidly emerging market establish a dominant position”
Mr. Mathews has over 25 years of experience in senior financial positions in investment management, banking and accounting. Previously, Mr. Mathews served as Chief Operating Officer of Auckland Property Group. He was also Chief Financial Officer of Qatar and Abu Dhabi Investment Corporation, an investment firm owned by a sovereign wealth fund, from 2014 to 2020, and a director of his own advisory firm, NZ Pacific Investments, from 2012 to 2014. He has also held senior management positions at the Commonwealth Bank Group, including General Manager, Treasury (New Zealand); Head of Finance and Operations, Americas (US); and Head of Change Management (Australia). He also worked as Director of Product Control at ABN Amro Bank in London and held various senior finance director roles at the Royal Bank of Scotland Group in London. Earlier in his career, he worked as an Assistant Vice President at Credit Suisse First Boston Investment Bank in London and the Bahamas, and as an Assistant Manager at KPMG in London. Mr Mathews holds a joint honors undergraduate degree in Economics and Politics from the University of Bristol, UK and is a Fellow of the Institute of Chartered Accountants in England and Wales.
About Esports Entertainment Group
Esports Entertainment Group is a leading global MGA-licensed, “esports-first” iGaming B2C operator and a US-focused B2B aggregator and provider of esports solutions and e-simulator content. The company owns and operates the world’s leading eSports venue management system, currently deployed in 810 locations around the world, including more than 100 colleges and universities. The company’s strategy is to leverage its leading position in the industry to capitalize on the multi-billion dollar esports and esports betting market. The company is also targeting the fast-growing electronic simulator content market, which features highly competitive, short-cycle head-to-head leagues optimized for gaming. In addition to its plans to distribute esports content, the company currently offers B2C-focused wagering through its suite of MGA-licensed brands.For more information about the company, please visit www.esportsentertainmentgroup.com.
forward-looking statement
Information contained herein includes forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “expects,” “believes,” “estimates,” “anticipates,” and similar expressions. “intends”, “plans”, “forecasts”, “projects”, “will be”, “will continue”, “is likely to produce results” and similar expressions. These statements relate to future events or our strategy, target markets and future financial performance and involve known and unknown risks, uncertainties and other risks that may cause our actual results, levels of activity, performance or achievements to differ from our actual results , levels of activity, performance or achievements that could be materially different from any future results, levels of activity, performance or achievements expressed or implied in these forward-looking statements, including the ability to complete the transactions contemplated by the securities purchase agreement, debt to effectuate an equity exchange, Conversion prices as well as timing and other terms of such communications. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which may and may affect actual results, levels of activity , performance or achievement. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as our filings with the SEC, including our renewed compliance with Nasdaq Listing Rules and ability to continue listing on Nasdaq, our material debt, our obligations under the senior convertible notes, and our ability to continue as a going concern. Any forward-looking statements reflect our current beliefs about future events and are subject to these and other risks, uncertainties and assumptions related to our operations, results of operations, growth strategy and liquidity. We undertake no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons why actual results could differ materially from those anticipated in these forward-looking statements, even as new information becomes available in the future, except as required by law. The forward-looking statement safe harbor contained in the Private Securities Litigation Reform Act of 1995 protects the company from liability for its forward-looking statements subject to compliance with the requirements of that act.
touch:
Crescendo Communications LLC
Phone: (212) 671-1021
e-mail: GMBL@crescendo-ir.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168167
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