On January 24th, Esports Entertainment Group Inc. received an order approving a transactional waiver from the New Jersey Division of Gaming Enforcement legally allowing EEG to accept bets in the state. As a result, EEG launched its esports betting platform, VIE.gg, in the Garden State on January 25th.
“We couldn’t be more pleased to be the first esports-dedicated operator to be granted the right to commence business in New Jersey. On behalf of our entire team, I would like to thank the Division of Gaming Enforcement for their approval of our platform and the trust they have placed in our Company,” said Grant Johnson, CEO of Esports Entertainment Group. “Global esports betting is estimated to exceed $205 billion by 2027, and we are thrilled to be playing such an important role in this fast-growing market with the launch of our first esports wagering offering in the United States.”
The launch of VIE.gg will coincide with a five-day period of “soft play”. This ensures limitations are applied to EEG’s online gambling experience, which offers users the chance to wager on games like CS:GO, League of Legends, and Dota 2.
Esports Entertainment Group Inc currently trades stock under the ticker symbol “GMBL”. As of 1:31 PM EST on January 31st, 2022, one share of stock in the company is valued at $2.94.
(All information was provided by Esports Insider, Google, and Yahoo! Finance)
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