NASDAQ-listed gambling operator Esports Entertainment Group (EEG) has announced a multi-year partnership with venture capital firm Game Fund Partners (GFP).
As part of the agreement, EEG will become a part of the Venture Capital Arm and a new planned $300 million (~£217 million) game fund.
Grant Johnson, CEO of Esports Entertainment Group, said: “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 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. 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.”
According to the release, EEG will