Internet gaming visionary leads little-known company Esports Entertainment Group Inc (GMBL) into potential $24 billion esports market

September 19 19:33 2023
Internet gaming visionary leads little-known company Esports Entertainment Group Inc (GMBL) into potential $24 billion esports market
Pictured above with Las Vegas Mayor Carolyn Goodman
The rise of short-form competitive content, also known as short-cycle wage-rable esports content, is revolutionizing the esports industry and presenting a game-changing opportunity for Esports Entertainment Group, Inc. (Nasdaq: GMBL).

Esports has transformed from a niche hobby into a global phenomenon, generating billions of dollars in revenue annually. While some may have initially viewed it as a low-stakes pastime for kids, the reality is quite different. Esports has emerged as a massive industry, captivating millions worldwide and offering substantial cash prizes to its participants.

In cities and regions around the world, esports tournaments are taking center stage, drawing thousands of spectators to sports arenas typically reserved for professional teams. Events like the Apex Legends™ Global Series Championship, for instance, showcase global professional players competing for multimillion-dollar prizes over several days. Victorious teams gain notoriety, brand deals, and significant earnings, amassing online followings comparable to celebrities.

With support from technology giants like Lenovo in certain areas, there are high expectations for economic growth as more esports leagues, organizations, and venues choose to host their events. Esports revenue is projected to reach over $3 billion in 2023, with global viewership estimated to exceed an astounding 646 million. In fact, Research Report World recently published a report on Market Watch with estimates that this market is set to reach over $24 billion by 2030. 

Esports is not just a spectator sport; it presents various career opportunities in branding, broadcasting, event management, game design, programming, coding, and video production. Over 170 colleges and universities have varsity esports teams, offering scholarships totaling approximately $16 million per year. The momentum behind esports is undeniable, with millions worldwide tuning in to live streams and eager fans attending events in person. This dynamic industry creates unique opportunities for communities seeking to engage with a burgeoning demographic and reap the benefits of this rapidly expanding market.

With its potential to shape the future of entertainment and drive economic growth, esports is a force to be reckoned with, and companies like Esports Entertainment Group, Inc. (Nasdaq: GMBL) stand at the forefront of this exciting evolution while promoting responsible gaming. 

Leading the charge is CEO Alex Igelman, a true pioneer in the field, being the first lawyer to focus on Internet gaming and playing an instrumental role in the early success of both PartyGaming and PokerStars. Esports Entertainment Group, Inc. (Nasdaq: GMBL), under his visionary leadership, brings a wealth of experience and expertise to the rapidly expanding world of esports.Keep reading to see why Esports Entertainment Group, Inc. (Nasdaq: GMBL) deserves a top-spot on your daily watchlist.

REASONS WHY ESPORTS ENTERTAINMENT GROUP, INC. (NASDAQ: GMBL) COULD HOLD SIGNIFICANT UPSIDE POTENTIAL FOR 2023

Higher Potential for Growth: In general, nano-cap companies have market capitalizations of less than $50 million. (10) Because nano-cap stocks are significantly smaller than mid cap or large cap companies, they have a higher potential to change valuation quickly. (11) As of 8/31/23, little-known Esports Entertainment Group, Inc. (Nasdaq: GMBL) a has a market cap of less than $5Mn according to MarketWatch.com. 

Strategic Restructuring: Esports Entertainment Group, Inc. (Nasdaq: GMBL) has undergone a strategic restructuring to maximize opportunities in the booming esports and e-simulator markets. Recognizing the immense potential and rapid growth of these industries, the company has taken proactive measures to realign its focus, operations, and resources. (7)

Experienced Leadership: The success of any company heavily relies on the expertise and vision of its leadership, and Esports Entertainment Group, Inc. (Nasdaq: GMBL) is no exception. CEO Alex Igelman, a pioneer in Internet gaming with a track record of success in prominent ventures like PartyGaming and PokerStars, leads this dynamic organization, his extensive experience and achievements shaping the gaming industry and setting the stage for the company’s continued growth and success.

Expected Debt-Free Balance Sheet: With nearly $43 million of liabilities reduced year-to-date, Esports Entertainment Group, Inc. (Nasdaq: GMBL) is expected to achieve a substantially debt-free balance sheet. A debt-free balance sheet indicates that the company’s assets could potentially exceed its liabilities, offering increased flexibility and financial freedom to explore growth opportunities, invest in innovative ventures, and navigate potential challenges in the dynamic esports industry. (7)

To Read More: Click HERE

The rise of short-form competitive content, also known as short-cycle wage-rable esports content, is revolutionizing the esports industry and presenting a game-changing opportunity for Esports Entertainment Group, Inc. (Nasdaq: GMBL). As always, conduct your own due diligence and follow traders vigilance. 

Source 1: https://bit.ly/3P2ozuM

Source 2: https://www.bizjournals.com/triangle/news/2022/08/30/esports-becoming-a-booming-business-for-nc.html

Source 3: https://finance.yahoo.com/news/esports-entertainment-group-provides-fiscal-203000061.html

Source 4: https://www.marketwatch.com/investing/stock/gmbl?mod=search_symbol

Source 5: https://www.tgd8hjs.com/3J67C1/4ZZMQRX/

 

Disclaimer: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Please ensure to fully read and comprehend our disclaimer found at https://investorbrandmedia.com/disclaimer/.  InvestorBrandMedia.com has been compensated one thousand and six hundred dollars by a 3rd party Bullzeyemedia LLC for advertisement and content distribution services on GMBL, from 09/18/2023 to 09/22/2023. We own zero shares of GMBL. InvestorBrandMedia.com is neither an investment advisor nor a registered broker. No current owner, employee, or independent contractor of InvestorBrandMedia.com is registered as a securities broker-dealer, broker, investment advisor, or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. This article may contain forward-looking statements as defined under Section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. These statements, often incorporating terms like “believes,” “anticipates,” “estimates,” “expects,” “projects,” “intends,” or similar expressions about future performance or conduct, are based on present expectations, estimates, and projections, and are not historical facts. They carry various risks and uncertainties that may result in significant deviation from the anticipated results or events. Past performance does not guarantee future results.InvestorBrandMedia.com does not commit to updating forward-looking statements based on new information or future events. Readers are encouraged to review all public SEC filings made by the profiled companies at https://www.sec.gov/edgar/searchedgar/companysearch. It is always important to conduct thorough due diligence and exercise caution in trading.InvestorBrandMedia.com is not managed by a licensed broker, a dealer, or a registered investment adviser. The content here is purely informational and should not be taken as investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor regarding forward-looking statements. Any statement that projects, foresees, expects, anticipates, estimates, believes, or understands certain actions to possibly occur are not historical facts and may be forward-looking statements. These statements are based on expectations, estimates, and projections that could cause actual results to differ greatly from those anticipated. Investing in micro-cap and growth securities is speculative and entails a high degree of risk, potentially leading to a total or substantial loss of investment. Please note that no content published here constitutes a recommendation to buy or sell a security. It is solely informational, and you should not construe it as legal, tax, investment, financial, or other advice. No content in this article constitutes an offer or solicitation by InvestorBrandMedia.com or any third-party service provider to buy or sell securities or other financial instruments. The content in this article does not address the circumstances of any specific individual or entity and does not constitute professional and/or financial advice. InvestorBrandMedia.com is not a fiduciary by virtue of any person’s use of or access to this content.

Media Contact
Company Name: Investor Brand Media
Contact Person: Ash K
Email: [email protected]
Phone: (954) 593-5597
Country: United States
Website: https://investorbrandmedia.com/