Esports Technologies, Inc., a technology company, develops and operates platforms that focuses on esports and competitive gaming worldwide. The company operates gogawi.com, a licensed online gambling platform, which is an esports/sportsbook that focuses on bettors located in Asia and Latin America. It also offers iGaming, which include online casino and table games, such as blackjack, virtual sport computer simulated games, and slot machines, as well as traditional sports betting. The company is based in Las Vegas, Nevada.
IPO Year: 2021
Exchange: NASDAQ
Website: esportstechnologies.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2022 | $18.00 | Buy | Needham |
Needham initiated coverage of Esports Technologies with a rating of Buy and set a new price target of $18.00
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LAS VEGAS, July 22, 2021 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of advanced esports wagering products and technology, has appointed Michael Holm as Affiliate Director. In this new position, Holm's primary objective will be to streamline the Esports Technologies affiliate platform and leverage a network of affiliate partners, bolstering a consistent level of performance across multiple markets and across a wide range of products such as esports, sportsbook, casino and 'Play for Fun' games. Holm brings more than 15 years of iGaming e
LAS VEGAS, June 2, 2021 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of advanced esports wagering products and technology, today announced the appointment of accomplished gaming industry veteran Mark Thorne as its new Chief Marketing Officer. Thorne brings nearly 20 years of industry experience to the executive team, having served in leadership roles with Betfair (LON: FLTR), GVC (LON: ENT), Betfirst, Bonnier Gaming, and Twin.com. New CMO Brings Decades of Valuable Commercial and Marketing Leadership ExperienceIn this newly created role,
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EBET to Cease from Trading on NasdaqLAS VEGAS, NV / ACCESSWIRE / October 12, 2023 / EBET, Inc. ("EBET" or the "Company"), a global online i-gaming casino website operator, today announced that on October 12, 2023 it received formal notice from the NASDAQ Stock Market that the Company's common stock has been suspended from trading on the Nasdaq Capital Market effective October 13, 2023, due to failure to demonstrate compliance with Listing Rules 5550(a)(2) and 5550(b)(1). The Company's common stock will be quoted on the Pink Sheets platform operated by OTC Markets Group Inc. (the "OTC") and will commence trading on October 13, 2023 at the market open under the "EBET" ticker symbol.The Com
Extends Forbearance Through June 2025Defers Monthly Cash Interest ExpenseIncreases Revolving Loan Capacity to $4,000,000LAS VEGAS, NV / ACCESSWIRE / October 2, 2023 / EBET, Inc. ("EBET" or the "Company") (NASDAQ:EBET), a global online i-gaming casino website operator, today announced that it has amended its existing $30,000,000 Term Loan and increased borrowing availability by upsizing EBET's existing $2,000,000 discretionary Revolving Loan to $4,000,000 through a Second Amendment to Credit Agreement and an amendment to its existing Forbearance Agreement with CPBF Lending, LLC ("CPBF"), its lender (together, the "Amended Credit Agreements").The Amended Credit Agreements allow EBET to convert
LAS VEGAS, NV / ACCESSWIRE / September 29, 2023 / EBET, Inc., (NASDAQ:EBET) a leading global provider of advanced wagering products and technology, announced, today announced that it filed an amendment to articles of incorporation with the Secretary of State of the State of Nevada to effect a 1-for-30 reverse stock split of its common stock. The reverse stock split will take effect at 4:01 pm (Eastern Time) on September 29, 2023, and the Company's common stock will open for trading on The Nasdaq Capital Market on October 2, 2023 on a post-split basis, under the existing ticker symbol "EBET" but with a new CUSIP number 278700 208.As a result of the reverse stock split, every 30 shares of the
The Board of Directors of EBET initiates a review of strategic alternatives to maximize value.LAS VEGAS, NV / ACCESSWIRE / July 26, 2023 / EBET, Inc. ("EBET" or the "Company") (NASDAQ:EBET), a leading global online casino operator, has announced today that its Board of Directors has decided to initiate a process to explore strategic alternatives for the Company to maximize the value of EBET's portfolio. As part of the process, the Board has designated a Strategic Alternatives Committee that will assist the Board in considering a full range of strategic alternatives including a potential merger, sale or other strategic transactions.The Company has retained Houlihan Lokey as its exclusive fina
WestPark Capital, a Los Angeles based international investment bank and securities firm, announced today that it closed a registered direct offering of 6,372,530 shares (the "Shares") of common stock, and a concurrent private placement of warrants to purchase 6,372,530 shares (the "Warrant Shares") of common stock (the "Warrants") at a combined purchase price of $1.02 priced at-the-market under Nasdaq rules for EBET, a global provider of advanced wagering products and technology. The gross proceeds to EBET from this offering were $6.5 million before deducting placement agent fees and other estimated offering expenses. WestPark Capital, Inc. was the Exclusive Placement Agent for the offerin
LAS VEGAS, NV / ACCESSWIRE / February 6, 2023 / EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announced today that it closed its previously announced registered direct offering of 6,372,530 shares (the "Shares") of common stock, and a concurrent private placement of warrants to purchase 6,372,530 shares (the "Warrant Shares") of common stock (the "Warrants") at a combined purchase price of $1.02 priced at-the-market under Nasdaq rules. The gross proceeds to EBET from this offering were $6.5 million before deducting placement agent fees and other estimated offering expenses. The Warrants will be exercisable commencing six months after the da
LAS VEGAS, NV / ACCESSWIRE / February 2, 2023 / EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announces today that it has entered into securities purchase agreements (the "Purchase Agreement") with institutional investors for the purchase and sale of (i) 6,372,530 shares (the "Shares") of common stock and (ii) warrants to purchase 6,372,530 shares (the "Warrant Shares") of common stock (the "Warrants") at a combined purchase price of $1.02 in a registered direct offering priced at-the-market under Nasdaq rules. The gross proceeds to EBET from this offering are expected to be approximately $6.5 million before deducting placement agent fees a
EBET Brands Karamba and BetTarget are Anticipating High Volumes of Wagering for the World Cup Quarterfinal, Offering More than 30 Betting Opportunities LAS VEGAS, Dec. 9, 2022 /PRNewswire/ -- EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announced today that it expects the World Cup quarterfinal between England and France to be the company's largest wagered-on soccer game to date. EBET's main brands Karamba and BetTarget are anticipating high volumes of wagering for Saturday's match, with a large percentage of their customer base from England. Customers can wager on more than 30 bets. France is the slight favorite.
Reports Significant Progress Reducing Net Loss and Increasing Adjusted EBITDA for First Two Months Under Profitability Plan, Reducing Net Loss for First Two Months of Q4 to $3.8 Million vs. Q3 Net Loss of $9.0 Million LAS VEGAS, Sept. 21, 2022 /PRNewswire/ -- EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announced today that it had made significant progress in reducing Net Loss and increasing Adjusted EBITDA for the two months ended August 2022. The company reported its Net Loss for this two-month period to be $3.8 million, with an Adjusted EBITDA that was approximately breakeven based on unaudited interim financial results (see "Reconcilia
Market Rebellion and TradeMonster Co-Founder Adds Capital Markets Expertise LAS VEGAS, Aug. 24, 2022 /PRNewswire/ -- EBET, Inc. (NASDAQ:EBET), a leading global operator and provider of advanced wagering products, announced today that Jon Najarian has joined the company ranks as an Advisor. Najarian, who has 40 years of experience in the securities and futures markets, is the co-founder of MarketRebellion.com, a firm that provides education on trading options and other securities, as well as a regular contributor on CNBC Business TV. Having been a linebacker for the Chicago Bea
Reports Significant Progress Reducing Net Loss and Increasing Adjusted EBITDA for First Two Months Under Profitability Plan, Reducing Net Loss for First Two Months of Q4 to $3.8 Million vs. Q3 Net Loss of $9.0 Million LAS VEGAS, Sept. 21, 2022 /PRNewswire/ -- EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announced today that it had made significant progress in reducing Net Loss and increasing Adjusted EBITDA for the two months ended August 2022. The company reported its Net Loss for this two-month period to be $3.8 million, with an Adjusted EBITDA that was approximately breakeven based on unaudited interim financial results (see "Reconcilia
Earnings Call Scheduled Today at 4:30 PM EDT to Detail 3rd Quarter Results of Corporate Restructuring, Revenue of $18.2 Million and Gross Profit of $7.2 Million LAS VEGAS, Aug. 15, 2022 /PRNewswire/ -- EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announced today a profitability plan to reach a positive EBITDA run rate beginning August 2022 (current month). EBET has taken significant measures to become EBITDA positive in August 2022 (current month). The measures taken to enhance the profitability of its newly acquired iGaming
LAS VEGAS, Feb. 9, 2022 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET, ", Esports Technologies", ))), a leading global provider of advanced esports wagering products and technology, announced revenue for the quarter ended December 31, 2021 of approximately $7.1 million and a gross profit of approximately $2.5 million, with substantially all of it coming in the month of December. During the quarter, EBET increased its cash position to $11.8 million, up $2.8 million from the previous fiscal year end. The company also reaffirmed its guidance of $70 million in revenue for the remainder of fiscal year 2022, which will include 10 months of reporting since the acquisition of the online sp
LAS VEGAS, Feb. 7, 2022 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of advanced esports wagering products and technology, announced today that EBET options are now listed for trading. This release does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any security, future, option or other financial instrument, nor does it constitute advice to buy, sell or hold any such securities or instruments. Reminder: On Wednesday, February 9, Esports Technologies will release its first quarter 2022 results a
LAS VEGAS, Feb. 2, 2022 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of advanced esports wagering products and technology, will release its first quarter 2022 results after the market close on Wednesday, February 9, 2022. The company will host a conference call to discuss the results and recent business developments at 4:30 pm Eastern/1:30 pm Pacific. A link to the call will be available on Esports Technologies' Investor Relations page at https://esportstechnologies.com/investor-overview. About Esports Technologies Esports Technologies de
LAS VEGAS, Dec. 1, 2021 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of advanced esports wagering products and technology, will host a conference call today, Wednesday, December 1 at 4:30pm Eastern, to discuss its recently completed acquisition of Aspire Global's (STO: ASPIRE) B2C business. The call will review details of the acquisition. The webcast link to the call is: https://viavid.webcasts.com/starthere.jsp?ei=1517665&tp_key=f32e26469a A replay of the call will be available on the Esports Technologies' Investor Relations page at htt
LAS VEGAS, Dec. 1, 2021 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of award-winning advanced esports wagering products and technologies, announced today the successful closing of its acquisition of Aspire Global's (STO: ASPIRE) B2C business for $75.9 million. Under the terms of the deal, Esports Technologies has now closed on the acquisition of Aspire's portfolio of B2C proprietary online casino and sportsbook brands, including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. Additionally, Esports Technologies gain
LAS VEGAS, Oct. 1, 2021 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of advanced esports wagering products and technology, will host a conference call on Monday, October 4 at 4:00 pm Eastern, to discuss its recently announced definitive agreement for the acquisition of Aspire Global's (STO: ASPIRE) B2C portfolio. The call will review details of the planned acquisition. The link to listen to the call is: http://public.viavid.com/index.php?id=146720 A replay of the call will be available on Esports Technologies' Investor Relations page at
LAS VEGAS, Oct. 1, 2021 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of advanced esports wagering products and technology, announced today the execution of a definitive agreement for the acquisition of Aspire Global's (STO: ASPIRE) B2C business in a $75.9 million transaction, including $58.3 million in cash, $11.7 million in a promissory note and approximately $5.9 million worth of common stock. The closing of the acquisition is subject to Esports Technologies' receipt of financing, as well as other closing requirements. The transaction is expected to close by November 30, 2021.
https://www.actionnetwork.com/general/florida-online-sports-betting-re-launches-2-years-after-shutdownAfter an arduous two year journey, online sports betting has returned to the state of Florida.The only online book available in the state — Hard Rock, owned by the Seminole Tribe — has begun taking online bets as of Tuesday morning for select users that already had accounts on the platform.Only those part of Hard Rock's loyalty programs who had accounts with the sportsbook in Florida from Nov. 1 to Nov. 21, 2021 are eligible to place wagers at this time.The soft launch is perhaps the culmination of a long saga that dates back two years.While the Hard Rock sportsbook app launched on Nov. 1, 2
Gainers Shift Techs (NASDAQ:SFT) stock moved upwards by 10.3% to $0.15 during Thursday's after-market session. Today's trading volume for this security ended up closing at 1.5 million shares, which is 263.1 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $2.5 million. XWELL (NASDAQ:XWEL) stock increased by 9.26% to $2.24. The market value of their outstanding shares is at $9.3 million. Aterian (NASDAQ:ATER) shares rose 6.38% to $0.35. Today's trading volume for this security ended up closing at 94.1K shares, which is 10.7 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $29.8 m
Gainers LL Flooring Holdings (NYSE:LL) shares increased by 42.3% to $4.17 during Thursday's regular session. Trading volume for this security as of 13:37 EST is 21.7 million, which is 5127.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $128.1 million. Lixiang Education Hldg (NASDAQ:LXEH) shares increased by 22.29% to $0.3. Trading volume for Lixiang Education Hldg's stock is 336.1K as of 13:37 EST. This is 215.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.9 million. Cazoo Gr (NYSE:CZOO) shares increased by 15.51% to $0.44. The current volume of 364.2K shares is 1
Gainers EBET (NASDAQ:EBET) stock rose 25.8% to $0.52 during Tuesday's regular session. As of 13:30 EST, this security is trading at a volume of 17.0 million shares, making up 371.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $7.7 million. Tupperware Brands (NYSE:TUP) shares increased by 23.22% to $1.44. Trading volume for Tupperware Brands's stock is 9.2 million as of 13:30 EST. This is 42.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $64.1 million. Volcon (NASDAQ:VLCN) shares rose 18.89% to $0.44. As of 13:30 EST, this security is trading at a volume of 483.4K sha
Tuesday saw 132 companies set new 52-week lows. Facts of Interest About Today's 52-Week Lows: Corning (NYSE:GLW) was the largest, in terms of market cap, to set a new 52-week low. Wheeler Real Estate IT (NASDAQ:WHLR) was the smallest company when considering market cap to set a new 52-week low. Fortress Biotech (NASDAQ:FBIO) saw the largest move of the companies, as shares plummetted 1350.03% to hit a new 52-week low. Insulet (NASDAQ:PODD)'s stock made the biggest bounce back, actually moving up 0.0% shortly after hitting a new 52-week low. Here are all the stocks that set new 52-week lows on Tuesday: Corning (NYSE:GLW) shares were up 0.2% for the day, having made a 52-week lo
Gainers Phoenix Motor (NASDAQ:PEV) shares increased by 43.6% to $1.47 during Monday's regular session. As of 13:31 EST, this security is trading at a volume of 5.1 million shares, making up 8258.4% of its average full-day volume over the last 100 days. The company's market cap stands at $31.1 million. ECARX Holdings (NASDAQ:ECX) shares rose 14.5% to $3.71. ECARX Holdings's stock is trading at a volume of 549.2K shares as of 13:31 EST. This is 153.1% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. WW International (NASDAQ:WW) stock rose 12.73% to $11.77. The current volume of 5.4 million shares is 122.8% of WW International's average
https://igamingbusiness.com/sports-betting/new-york-sports-betting-revenue-record-september/Mobile sports betting revenue in New York reached a record $165.6m in September while handle hit a six-month nigh of $1.76bn. Revenue was up 15.6% from $143.3m in New York September 2022 and 68.1% more than $98.5m in August this year. This is according to figures published by the New York State Gaming Commission.Handle also increased year-on-year. The total $1.76bn spent was 39.7% higher than $1.26bn in September 2022 and 58.6% ahead of $1.11bn in August 2023.Spending reached its highest monthly amount since $1.79bn was wagered in New York in March.FanDuel remains ahead of DraftKings in New YorkFlutte
Gainers EpicQuest Education Group (NASDAQ:EEIQ) stock moved upwards by 25.0% to $1.1 during Friday's regular session. Trading volume for this security as of 13:30 EST is 205.8K, which is 821.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $12.8 million. Visionary Education Tech (NASDAQ:VEDU) stock rose 15.38% to $0.19. Visionary Education Tech's stock is trading at a volume of 1.0 million shares as of 13:30 EST. This is 126.6% of its average full-day volume over the last 100 days. The company's market cap stands at $9.3 million. a.k.a. Brands Holding (NYSE:AKA) shares increased by 12.14% to $4.34. The market value of their outst
Gainers Alliance Entertainment (NASDAQ:AENT) shares increased by 14.2% to $1.4 during Thursday's pre-market session. The market value of their outstanding shares is at $70.9 million. Golden Heaven Group Hldgs (NASDAQ:GDHG) shares moved upwards by 7.66% to $7.02. The company's market cap stands at $363.2 million. VinFast Auto (NASDAQ:VFS) stock rose 6.95% to $8.61. The market value of their outstanding shares is at $20.0 billion. As per the press release, Q3 earnings came out today. PARTS iD (AMEX:ID) stock moved upwards by 6.36% to $0.15. The market value of their outstanding shares is at $5.3 million. Torrid Holdings (NYSE:CURV) shares rose 6.03% to $2.1. The market value of their outs