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Esports Entertainment Group Inc. (GMBL) stock gains during pre-market. Here’s what you should know?

In the pre-market trading session, the stock of Esports Entertainment Group Inc. (GMBL) soared by 10.37% and continues to surge by 14.73% at the last check. The gain in GMBL stock price is not followed by any recent update or news. Esports Entertainment Group, Inc. is an organization that specializes in esports and online betting. GMBL is a holding company that owns a range of businesses in three areas: esports content and technology, esports wagering, and iGaming.

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Recent Development

On April 22, 2021, Esports Entertainment Group announced that Beyond the Summit’s (“BTS”) upcoming CS:GO tournament will be held online from May 14 to May 30, 2021, with GMBL’s VIE.bet brand as the official sponsor.

The collaboration between Esports Entertainment Group and BTS is aimed at the North and South American CS:GO crowd, and the event will be televised live in Portuguese and English. As the tournament’s official betting partner, VIE.bet will provide live odds and specials during the event. CS Summit007, BTS’s most recent CS:GO tournament, drew 19.3 million cumulative live event views from 6.4 million unique Twitch users, with a highest concurrent viewership of 236K and an average concurrent viewership of 47K.

With over 20 billion lifetime minutes watched and the fifth most-viewed Twitch channel of all time, BTS is one of the world’s biggest esports networks. BTS transmissions are available on both analog and streaming television in over 110 countries. BTS has a total social media following of over five million people.

About this collaboration, Bux Syed Director of VIE said:

The Summit, which is organized by BTS, has always been an enjoyable and thrilling experience for all esports cultures. The beauty of this experience draws fans from all over the country, whether it’s CS:GO, Dota 2, or Smash Bros. The team including me are ecstatic to be working with BTS on this case.

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