Esports Entertainment to acquire certain assets of FLIP Sports Limited, including its staff and all intellectual property

Esports Entertainment Group, Inc. (NASDAQ:GMBL) said it has signed a Letter of Intent (LOI) to acquire certain assets of FLIP Sports Limited (FLIP), including its staff and all intellectual property.  The licensed online gambling company, with a focus on esports wagering and 18+ gaming, noted that FLIP Sports is a dynamic and entrepreneurial mobile games studio innovating how fans enjoy and engage with live sports. Through its proprietary in-play, peer-to-peer technology, FLIP provides a unique multi-platform second-screen experience within an entertaining, social, and competitive gaming environment for fun-seeking sports and wagering enthusiasts who enjoy watching live sports and events. READ: Esports Entertainment acquires online sportsbook and casino operator Argyll Entertainmen AG In a statement, John Brackens, CIO/CTO of Esports Entertainment commented: “The FLIP team are leaders in building iGaming platforms that take the player experience to new heights. Their expertise will strengthen our efforts in esports and help us further create a best-in-class immersive experience for esports fans.” Grant Johnson, CEO of Esports Entertainment added: “FLIP has brought together a talented team with proven industry experience that we believe will provide immense value to Esports Entertainment Group as we enter a period of tremendous opportunity and rapid growth. “As the first US-based iGaming company to list on NASDAQ, we are in a great position to capitalize on the fragmented esports market and will continue to pursue acquisition opportunities. FLIP is set to be the latest example of the success of our roll-up strategy.” Esports Entertainment offers fantasy, pools, fixed odds and exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience at vie.gg.  In addition, it intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. The company holds a license to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands and maintains offices in Malta. Contact the author at jon.hopkins@proactiveinvestors.com