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Esports Entertainment Group Applauds Supreme Court Decision To Legalize Sports Gambling, Welcomes 3 USA Esports Teams To Affiliate Marketing Program
Esports Entertainment Group Applauds Supreme Court Decision To Legalize Sports Gambling, Welcomes 3 USA Esports Teams To Affiliate Marketing Program.
About this update from Esports Entertainment Group, Inc.
[{"type":"text","content":"\nST. MARY'S, Antigua, May 15, 2018 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (OTCQB:GMBL) (or the \"Company\"), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to inform shareholders of a decision made by the Supreme Court Of The United States (“SCOTUS”) yesterday in which the Court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act (“PASPA”). The 1992 law barred state-authorized sports gambling with some exceptions and made Nevada the only state where a person could wager on the results of a single game.\n Esports Entertainment Group enthusiastically welcomes this decision, which will have a paradigm shifting impact on the growth of the Company’s newly launched esports wagering platform VIE.gg, the industry’s most transparent esports wagering platform and the only dedicated esports bet exchange in the world. ANTICIPATED IMPACT OF SCOTUS DECISION  A Bloomberg article covering the decision stated as follows: Americans place $150 billion in illegal sports bets every year.   The U.S. Supreme Court freed states to legalize gambling on individual sporting events, unleashing a race to attract billions of dollars in wagers and heralding a new era. Sports gambling could begin in a matter of weeks with the number of states potentially reaching double digits by the end of the year. With esports betting expected to reach $20 Billion by 2023 prior to yesterday’s SCOTUS decision, the Company now expects this estimate to increase by several more billion dollars. 3 USA ESPORTS TEAMS SIGN AFFILIATE MARKETING AGREEMENTS WITH VIE Over the past several weeks, VIE has announced the signing of Affiliate Marketing Agreements with 36 esports teams, an accomplishment that has never before been achieved by any esports wagering platform in the world. The Company anticipates more Affiliate Marketing Agreements with esports teams in the coming weeks.  Three of these esports teams are based in the United States as follows:  Re:born CSR1s1ngStaPride Stark The Company welcomes these pioneering esports teams and looks forward to helping them achieve great success. As a result of yesterday’s SCOTUS announcement, the Company will significantly increase its focus on esports teams located in the...