Esports Entertainment: Rises on deal to buy assets worth $43 mln

Esports Entertainment

26/10/2020 12:39

** Malta-based online gambling firm's shares  GMBL.O  jump
13.2% to $5.20 premarket 
    ** GMBL enters into an agreement to acquire software company
ggCircuit LLC and Helix eSports LLC, a gaming center firm, in a
deal valued at about $43 mln  urn:newsml:reuters.com:*:nGNX8W0hmX
    ** GMBL raises FY22 revenue forecast to $42 mln from $25 mln
previously
    ** "With the acquisition of Helix and ggCircuit, we have
created the most diversified, US-listed esports entertainment
asset in the entire ecosystem.”- Esports CEO 
    ** Up to Friday's close, stock up ~9% YTD 

 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))