Esports Technologies Inc.

EBET

We are a technology company developing and operating platforms focused on esports and competitive gaming. We operate a licensed online gambling platform, gogawi.com, which is an esports/sportsbook focused on bettors located in Asia and Latin America. We offer real money betting on esports events from around the world in a secure environment. We accept wagers on major esports titles including: Counter-Strike: GO, League of Legends, Dota 2, StarCraft 2, Rocket League, Rainbow Six, Warcraft 3, King of Glory and FIFA, as well as professional sports including the NFL, NBA, MLB, soccer and more.

During the first quarter of 2021, we intend to introduce an updated version of gogawi.com that we believe will offer an enhanced user experience, including, expanded offerings and more customizable odds. Although we are focused on esports wagering, we also offer iGaming, which is online casino and table games such as blackjack, virtual sport computer simulated games and slot machines, as well as traditional sports betting, in the locations where we are licensed to do so.

Esports is the competitive playing of video games by amateur and professional individuals and teams for cash prizes. Esports typically take the form of organized, multiplayer video games that include real-time strategy, fighting, first-person shooter, and multiplayer online battle arena games. Esports also includes games which can be played, primarily by amateurs, in multiplayer competitions on the Sony PlayStation, Microsoft Xbox and WII Nintendo systems.

Although official competitions have long been a part of video game culture, participation and spectatorship of such events have seen a global surge in popularity over the past few years with the growth of online streaming and has been further accelerated by the cancelation of traditional sporting events worldwide due to the COVID-19 pandemic. As these esports matches are widely broadcasted and watched predominately online, live betting and wagering can occur on these matches, where it is legal and regulated.

Our gaming license from the Curacao Gaming Authority allows us to accept esports and sports wagers from residents of more than 149 jurisdictions. Historically, substantially all of our wagers have been sourced in the Philippines. During 2021 and in connection with the introduction of our updated website, we intend to target additional markets in which we are licensed to accept wagers, including Japan, Thailand, Mexico and South America.

Offer Price Offer Size 3-Year Outlook Volatility 1st Day Turnover
$6.00 2,400,000 Positive High 255.26%

Offering Team

Deal Managers

  • Boustead Securities

Lawyers

  • Schiff Hardin LLP

Auditors

Pre-IPO Investors

Investors

  • Google Ventures
  • Intel Ventures
  • Patricoff Ventures
  • Kleiner Perkins

Pre-IPO Holdings(%)

  • 30
  • 20
  • 05
  • 18

Deal Highlights

Deal Tracker

Investors

Filing

13 Apr, 2021

Offer

15 Apr, 2021

Look Ahead

Lock Up Expiry

15 Oct, 2021

Earning

Nov 1, 2018

IPO Terms

Offer Price $6.00
Offer Size 2M

Market Sentiments

Stock Price