Australia's Emerge Gaming settles investment dispute, shares climb

Streamplay Studio

30/08/2021 03:19

** Shares of Emerge Gaming  EM1.AX  rise as much as 5.4% to
A$0.03, mark their biggest intraday pct gain since Aug 17
    ** The online eSports operator says an investment dispute
with the Arab Republic of Egypt has been settled  urn:newsml:reuters.com:*:nASXc0kWqP
    ** Co banks A$2.8 mln ($2.05 mln) as its share of the cash
payment from Egypt
    ** Stock hits highest since Aug 20
    ** Stock down 64.6% YTD, as of last close

    ($1 = 1.3687 Australian dollars)

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))