Client Esports Entertainment Group, Inc. (NASDAQ: GMBL, GMBLW) Acquires Esports Gaming League

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Client Esports Entertainment Group, Inc. (NASDAQ: GMBL, GMBLW) Acquires Esports Gaming League

The Firm congratulates its client, Esports Entertainment Group, Inc. (NASDAQ: GMBL, GMBLW), an esports entertainment and online gambling operator, on the acquisition of Phoenix Games Network Limited (“Phoenix”), the holding company of Esports Gaming League (“EGL”). The Firm represented the company in its acquisition of the outstanding capital stock of Phoenix for a cash consideration of $493,495.35 and 92,211 shares of common stock of the Company.