Newark, New Jersey–(Newsfile Corp. – September 7, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) has signed a partnership agreement with Game Fund Partners LLC to become a part of their Venture Capital Arm and a new planned $300 million dollar game fund. As part of the new multi-year agreement, the Company will initially invest approximately 2 million dollars of EEG shares into 20% of the General Partnership of the fund and will become an integral part of working with the management and investment committee for the entity.
“We are pleased to be a part of this rapidly growing investment fund that is involved in so many excellent projects in the gaming space and beyond. We believe this relationship and investment is the just the beginning of our substantial growth in financing and partnering with major projects and sports teams throughout the gaming industry. This partnership opens up a new path for substantial growth and added economic firepower for the company,” said Grant Johnson, CEO of Esports Entertainment Group. “Our strong partnership with their first-class team has already resulted in the development of Esports gambling regulation in Ohio and other states. Working with Game Fund Partners has been rewarding and a source of great opportunity for continued investment.”
As a partner of Game Fund Partners, Esports Entertainment Group will explore several new joint projects and investment vehicles to help fuel rapid growth for the company in the