Esports Technologies now available for options trading
The company is part of a growing movement to realize the potential of video game betting.
Esports Technologies has announced that its options are now listed for trading. The company is listed on the Nasdaq under the symbol EBET.
Esports Technologies has recently announced its financial guidance for the 10-month period from December 2021 to September 2022, anticipating $70m in revenue.
On this, Aaron Speach, CEO, Esports Technologies, said: “As we begin a successful 2022, we remain committed to increasing our operational and financial performance. We expect to deliver consistent cash flow for the remainder of 2022 by growing esports revenue in regulated markets, as well as continued growth from our portfolio of online sportsbook and casino brands.”
The company will release its first quarter 2022 results on February 9 after the market closes. It will host a conference call starting at 4:30PM Eastern time (1:30PM Pacific time).
The brand is a global provider of advanced esports wagering products, and technology and was founded in September 2020. The company operates as a technology provider, developing and operating platforms focused on esports and competitive gaming.
The esports betting market, which experienced somewhat of a golden period during the onset of the Covid-19 pandemic, is a rapidly growing one. Recently, one of the nation’s most storied gaming jurisdictions, New Jersey, granted Esports Entertainment approval to operate in the region.
This news undoubtedly reflects the growing influence of esports in the gaming world. Indeed, with the Garden State making steps to become the first region to approve betting on video games, other states, like Nevada, are set to follow.
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