United States, January 22, 2021: Esports Entertainment Group, Inc. (NasdaqCM: GMBL, GMBLW) (or the “Company”), a provider of esports entertainment and online gaming, announced today that it has completed its acquisition of Esports Gaming League (“EGL”).

“EGL is a great addition to our growing business and strengthens our ability to execute our three-pillar strategy,” commented Grant Johnson, CEO of Esports Entertainment Group. “EGL technology underpins esports programs for some of the world’s most famous sports franchises, including the LA Kings, Philadelphia Eagles, and Arsenal Football Club. We plan to build on this strong foundation in the future and drive short-term sales growth and long-term improvement in shareholder value. “

“As part of the Esports Entertainment Group family, we now have the opportunity to leverage our technology and resources to grow our customer list,” added Glen Elliott, CEO of EGL. “We have been impressed with Grant’s leadership and vision and are excited to become an integral part of Esports Entertainment Group’s drive to become an industry leader.”

EGL is a B2B-centric provider of live and online events and tournaments, where players can participate and enjoy a variety of content related to esports and video games on a proprietary technology platform with over 350,000 registered players. Services include turnkey esports events, live broadcasts, game launches, and online branded tournaments.