Mind Uncharted Explore. Discover. Learn.
Esports Entertainment Group has divested its non-core businesses and is focusing on esports and e-simulator markets. The company expects to reduce its annual operating expenses by over $4m following the measures. This move has not yet been reflected in the company’s financials, though it has already reduced nearly $43m of liabilities year-to-date. The company has also lowered its workforce to 99 full-time employees. After a review of its organization, the company has decided to refocus its efforts on esports gambling sectors while introducing esports betting offerings. The transformation is aimed at optimizing the company’s chances of future achievements and building long-term value for its shareholders.
