Esports Entertainment Group Inc., which has its U.S. headquarters in Newark, has completed its previously announced acquisition of Esports Gaming League, it announced Thursday.
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The deal, first announced in December, gives the esports entertainment and gaming company a provider of live and online events and tournaments aimed at the business-to-business market.
“EGL is a great addition to our growing operations, and further strengthens our ability to execute on our three-pillar strategy,” Esports Entertainment Group CEO Grant Johnson said in a prepared statement. “EGL technology underpins the esports programs for some of the world’s best-known sports franchises, including the L.A. Kings, Philadelphia Eagles and Arsenal Football Club.
“We plan to build on this strong foundation moving forward, driving near-term revenue growth and long-term shareholder value improvement.”
