Esports Entertainment Group (EEG), a Malta-based online gambling firm, has set up a subsidiary to obtain gambling licences throughout the United States.
GMBL New Jersey Inc., a corporation based and operating in the Garden State, plans to broaden its existing position on the esports market. EEG will apply in “the near future” for its first licence in New Jersey and will submit updates on pending requests in other jurisdictions.
In its original public offering on 9 April, Esports Entertainment Group issued around $2,750,000 ($2,184,572.50) in common stocks and warrants and stock on 31 May. The company states that investments will help provide the “resources required to implement its business plan.