(MENAFN - GlobeNewsWire - Nasdaq) itemprop="articleBody">BIRKIRKARA, Malta, Jan. 14, 2019 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (GMBL: OTCQB) (or the "Company"), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce an exclusive online wagering partnership with Epsilon eSports ('Epsilon'), a well-established organization in the world of online competitive multiplayer games, in support of VIE.gg , the world's first and most transparent esports betting exchange.
MULTI-CHAMPION INTERNATIONAL ESPORTS ORGANIZATION
Founded in 2008 with the goal of becoming a symbol in the world of esports, Epsilon is a multi-champion esports organization headquartered in Belgium, with teams based across Europe and North America competing in Counter-Strike: Global Offensive; Gears Call of Duty; FIFA; and H1Z1 KoH. Epsilon is a leader in console esports, with multiple Call of Duty European Championships, as well as, a Smite World Championship.
Epsilon is recognized as one of the most important talent-producing eSports team organizations, with player transfers to NIP, AS Monaco, Fnatic, PSG and, most recently, a collaboration with English Premier League club Manchester City to combine their FIFA 19 rosters for the upcoming season of the Gfinity Elite Series.
Epsilon is a highly international esports organization, with players and members from over 20 different nations.
FIRST TIER-1 ESPORTS PARTNERSHIP FOR VIE.GG SETS NEW BENCHMARK
As one of the original big names in esports, with a successful history spanning more than 10 years, Epsilon represents the first Tier-1 esports organization to partner with the Company's VIE.gg esports betting platform. Moreover, Epsilon is working with VIE.gg on an exclusive basis for the following reasons:
1. The VIE.gg P2P model is much more attractive to Epsilon because an esports fan (an Epsilon fan) always wins, as opposed to a "house" model where odds are heavily stacked against fans.
2. VIE.gg is the first and most transparent esports bet exchange as a result of Esports Entertainment Group being a fully reporting SEC issuer in the United States.
3. Player safety features built into VIE.gg create a fun but responsible esports betting experience for fans. For example, players must choose their maximum bet amounts when they initially sign up with VIE.gg. Any subsequent increase to those levels requires a 30 day cooling off period to make sure players do not get carried away.
4. The recent addition of pool betting is a further extension of the P2P model, which allows groups of opposing fans to wager against each other when their teams go head to head.
5. Given the fact some esports fans bet on esports, Epsilon fans may as well bet on a safe platform that also supports the organization.
Gregory Champagne, Chief Executive Officer at Epsilon eSports, stated 'It is with great pride that today Epsilon partners with VIE.gg. This is a whole different ball game, the first betting exchange platform where players challenge other players. VIE.GG understands the community needs, and we are happy to have found the right partner that understands and supports players. Extremely excited to begin this new venture and I can see nothing but big things to come from Epsilon / VIE.gg partnership during 2019.'
Grant Johnson, CEO of Esports Entertainment Group, stated, 'We are extremely honored to welcome Epsilon eSports to the VIE family. As one of the first true esports organizations, Epsilon has a long and successful history of esports championships that has earned them a world class reputation and fan base. As our first Tier-1 esports team partnership, today marks a significant milestone for VIE and we look forward to great success together.'
VIE.gg offers bet exchange style wagering on esports events in a licensed, regulated and secured platform to the global esports audience, excluding jurisdictions that prohibit online gambling. VIE.gg features wagering on the following esports games: Counter-Strike: Global Offensive (CSGO) League of Legends Dota 2 Call of Duty Overwatch PUBG Hearthstone StarCraft II
In 2018, VIE.gg announced affiliate marketing partnerships with 190 esports teams from around the world and expects that number to increase in 2019.
This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum at https://agoracom.com/ir/EsportsEntertainmentGroup
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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 bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience at vie.gg . In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player 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 licenses to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Malta, Curacao and Warsaw, Poland. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL. For more information visit www.esportsentertainmentgroup.com
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