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Esports Entertainment Group Comments on Canadian Legislation to Legalize Single-Event Sports Wagering in Canada

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EEG looks forward to working within proposed new regulatory framework to bring its SportNation and VIE Esports brands to Canadian residents

NEWARK, N.J., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (NasdaqCM: GMBL, GMBLW) (or the “Company”), an esports entertainment and online gambling operator, has commented on proposed Canadian Federal Government legislation to legalize single-event sports wagering in Canada (Bill C-13 "An Act to amend the Criminal Code").

"Esports Entertainment Group is excited to work within the proposed new regulatory framework to bring our SportNation and VIE Esports brands to Canadian residents,” commented Grant Johnson, CEO of Esports Entertainment Group. “Our VIE platform is the only esports vertical focused wagering platform with Tier 1 licenses and a track record of working within a transparent and comprehensive compliance environment. We look forward to adding Canada to the list of jurisdictions where our platform is available for Esports fans to engage. Having personally worked with Canadian Parliament member Dennis Mills in 1998 on one of the earliest legislative efforts regarding legalization through Private Members Bill C353, the current substantive progress is extremely exciting and we commend the federal government for their efforts to legalize single-event wagering. There is strong cross-party support and clear demand to modernize sports betting laws in Canada, and we are well positioned to capitalize on this new frontier should the amendment pass.”

The proposed changes would give provinces and territories the ability to offer single-event sport betting products and the opportunity to manage single-event sport betting in their respective jurisdictions. In provinces and territories that choose to offer single-event sport betting, Canadians would have a chance to engage in this activity in a regulated environment, either online or in physical facilities.

About Esports Entertainment Group
Esports Entertainment Group, Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers fixed odds wagering, fantasy and pools on various esports events in a licensed, regulated and secure platform at vie.gg and owns and operates online sports book, SportNation.bet. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multiplayer mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds a license to conduct online gambling and 18+ gaming on a global basis in the UK, Ireland, Malta and Curacao. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

U.S. Investor Relations
RedChip Companies, Inc.
Dave Gentry
407-491-4498
dave@redchip.com

Media & Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com