Malta's Esports Entertainment rises as co agrees to buy UK e-sports firm

Esports Entertainment

26/08/2020 14:12

** Malta-based online gambling firm's shares  GMBL.O  rise
5% to $5.65 premarket
    ** GMBL says it has signed letter of intent to buy UK-based
e-sports firm Esports Gaming League (EGL), as it looks to add a
tournament platform with over 350,000 gamers to its portfolio
    ** EGL posted 2019 rev of $1.3 mln and is positioned for
triple-digit growth moving forward - GMBL CEO Grant Johnson
 urn:newsml:reuters.com:*:nGNX72Kz8M
    ** GMBL down 8% this month, as of last close

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646
223 8780 (Extn. 3478), outside U.S. +91  80 6182 3478;))