Esports Entertainment and EGL recently finalized their acquisition deal, with the financial details undisclosed. However, Esports Entertainment anticipates triple-digit growth from EGL, which generated $1.3 million in revenue in 2019. EGL specializes in organizing live and online esports events and boasts a registered user base of over 350,000 gamers on its proprietary technology platform. In addition, EGL offers services such as live broadcast production and game launches. The acquisition deal was initially announced in August 2020, and Esports Entertainment aims to complete the purchase by the end of January. The integration of EGL into the Esports Entertainment Group will allow for further expansion of client relationships and utilization of resources. EGL’s technology serves as a foundation for esports programs for renowned sports franchises like the LA Kings, Philadelphia Eagles, and Arsenal Football Club. Esports Entertainment plans to leverage this strong foundation to drive both short-term revenue growth and long-term value for shareholders.
Esports Entertainment Expands its Presence in the Gaming Industry with Acquisition of EGL
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