Esports Entertainment Group granted Malta licence approval

New York-listed Esports Entertainment Group has been granted a pool betting licence by the Malta Gaming Authority (MGA).

The ten-year gaming service licence allows Esports Entertainment to provide online pool betting services with licensed operators in the jurisdiction. It follows last week's announcement to acquire Argyll Entertainment and its Sportnation.bet brand.

“Receiving our Malta gaming license is another major milestone achievement for Esports Entertainment,” said Esports Entertainment Group CEO Grant Johnson. “Fresh off our announcement of a binding LOI to acquire Argyll Entertainment last week, we are now in the early stages of executing an aggressive growth plan that contemplates both organic and acquisition growth strategies throughout 2020. This Malta license will be an important part of our growth plan.”

Shares in Esports Entertainment Group Inc (NAQ:GMBL) closed up 23.24 per cent at $5.09 per share in New York Wednesday.