- Esports Entertainment Group (NASDAQ:GMBL) +13.8% premarket, after submitting its gaming license application with the New Jersey Division of Gaming Enforcement.
- On approval, the company will be the first esports-vertical focused sports book with a state license in the U.S.
- Grant Johnson, CEO said, "According to a study from data firm Interpret, over 50% of U.S. esports fans said they are likely to engage in esports betting so we are confident that demand will be strong. We are ready to move quickly with our esports-focused wagering platform rollout once the DGE permits us to do so, which we expect in the second quarter this year. Securing access to what is currently the largest market for sports betting in the US will provide a strong advantage as we look to expand into additional markets in the US moving forward. We look forward to updating our stakeholders on continued progress on these initiatives in the months ahead."