EBET INC.
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
Peers
Recent Analyst Ratings for EBET INC.
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/7/2022 | $18.00 | Buy | Needham |
EBET INC. Press Releases
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EBET Common Stock to Begin Trading on the OTC Pink Sheets on October 13
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
EBET Announces Structural Amendment and Expansion of its Senior Secured Credit Facility
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
EBET Announces Reverse Stock Split
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
EBET Initiates Review of Strategic Alternatives
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 Announces Closing of $6.5 Million Registered Direct Offering Priced At-The-Market for Ebet Inc. (NASDAQ:EBET)
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
EBET Announces Closing of Approximately $6.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
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
EBET Announces Approximately $6.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
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 Anticipates England vs. France to be Company's Largest Wagered-On Soccer Game
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.
EBET Achieves Major Improvements in Net Loss and Adjusted EBITDA for Two Months Ended August 2022
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
Jon Najarian of CNBC's "Halftime Report" Joins EBET as Advisor
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
EBET INC. Analyst Ratings
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Needham initiated coverage on Esports Technologies with a new price target
Needham initiated coverage of Esports Technologies with a rating of Buy and set a new price target of $18.00
EBET INC. Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
Speach Aaron converted options into 834 shares and sold $67 worth of shares (6,667 units at $0.01) (SEC Form 4)
4 - EBET, Inc. (0001829966) (Issuer)
SEC Form 4: Lourie Matthew converted options into 7,500 shares, increasing direct ownership by 20% to 45,000 units
4 - EBET, Inc. (0001829966) (Issuer)
SEC Form 4: Speach Aaron bought $10,050 worth of shares (18,611 units at $0.54)
4 - EBET, Inc. (0001829966) (Issuer)
SEC Form 3 filed by new insider Cp Bf Lending, Llc
3 - EBET, Inc. (0001829966) (Issuer)
SEC Form 4: Downs Christopher converted options into 6,300 shares
4 - EBET, Inc. (0001829966) (Issuer)
SEC Form 4: Lourie Matthew converted options into 7,500 shares, increasing direct ownership by 25% to 37,500 units
4 - EBET, Inc. (0001829966) (Issuer)
SEC Form 4: Neilander Dennis converted options into 6,300 shares
4 - EBET, Inc. (0001829966) (Issuer)
SEC Form 4: Nicklas Michael converted options into 6,300 shares
4 - EBET, Inc. (0001829966) (Issuer)
SEC Form 4: Lourie Matthew converted options into 7,500 shares, increasing direct ownership by 33% to 30,000 units
4 - EBET, Inc. (0001829966) (Issuer)
SEC Form 4: Lourie Matthew converted options into 7,500 shares, increasing direct ownership by 50% to 22,500 units
4 - EBET, Inc. (0001829966) (Issuer)
EBET INC. SEC Filings
SEC Form EFFECT filed by EBET INC.
EFFECT - EBET, Inc. (0001829966) (Filer)
SEC Form EFFECT filed by EBET INC.
EFFECT - EBET, Inc. (0001829966) (Filer)
SEC Form EFFECT filed by EBET INC.
EFFECT - EBET, Inc. (0001829966) (Filer)
SEC Form EFFECT filed by EBET INC.
EFFECT - EBET, Inc. (0001829966) (Filer)
EBET INC. filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Other Events, Leadership Update
8-K - EBET, Inc. (0001829966) (Filer)
SEC Form S-8 POS filed by EBET INC.
S-8 POS - EBET, Inc. (0001829966) (Filer)
SEC Form S-8 POS filed by EBET INC.
S-8 POS - EBET, Inc. (0001829966) (Filer)
SEC Form POS AM filed by EBET INC.
POS AM - EBET, Inc. (0001829966) (Filer)
SEC Form POS AM filed by EBET INC.
POS AM - EBET, Inc. (0001829966) (Filer)
SEC Form POS AM filed by EBET INC.
POS AM - EBET, Inc. (0001829966) (Filer)
EBET INC. Leadership Updates
Live Leadership Updates
Esports Technologies Appoints 15-Year iGaming Veteran Michael Holm as New Affiliate Director
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
Esports Technologies Appoints iGaming Industry Veteran Mark Thorne as Chief Marketing Officer
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,
EBET INC. Financials
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EBET Achieves Major Improvements in Net Loss and Adjusted EBITDA for Two Months Ended August 2022
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
EBET, Inc. Announces Corporate Restructuring and Profitability Plan - Projects Positive EBITDA Run Rate for August 2022 (Current Month)
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
Esports Technologies Announces Revenue of $7 Million for the First Quarter of 2022
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
Nasdaq-Listed Esports Technologies (EBET) Now Available for Options Trading
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
Esports Technologies Inc. to Announce First Quarter 2022 Results on February 9
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
Esports Technologies Conference Call Today at 4:30pm Eastern to Discuss the Completed Acquisition of Aspire Global's B2C Business, with $1.86 Billion in Wagering and $183 Million in Cash Deposits
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
Esports Technologies Completes Acquisition of Aspire Global's B2C Business with $1.86 Billion in Annual Wagers and $183 Million in Cash Deposits
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
Esports Technologies Announces Conference Call on Monday, October 4th at 4pm Eastern, to Discuss Planned Acquisition of Aspire Global's B2C Business
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
Esports Technologies Announces Definitive Agreement for the Acquisition of Aspire Global's B2C Business that Recorded $1.8 Billion in Wagering and $73.9 Million in Revenue in the Previous 12 Months
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.
EBET INC. Large Ownership Changes
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SEC Form SC 13G filed by EBET INC.
SC 13G - EBET, Inc. (0001829966) (Subject)
SEC Form SC 13G/A filed by EBET INC. (Amendment)
SC 13G/A - EBET, Inc. (0001829966) (Subject)
SEC Form SC 13G filed by EBET INC.
SC 13G - EBET, Inc. (0001829966) (Subject)
SEC Form SC 13G filed by EBET INC.
SC 13G - EBET, Inc. (0001829966) (Subject)
SEC Form SC 13G filed by Esports Technologies Inc.
SC 13G - Esports Technologies, Inc. (0001829966) (Subject)