sports Entertainment Group, Inc. has signed a partnership contract with Video game Fund Partners to become a part of their equity capital arm and a brand-new prepared $300 million dollar game fund.
As part of the new multi-year arrangement, the company will at first invest roughly 2 million dollars of EEG shares into 20% of the General Partnership of the fund and will become an integral part of dealing with the management and financial investment committee for the entity.
As a partner of Game Fund Partners, Esports Home entertainment Group will explore several new joint jobs and investment cars to help fuel fast development for the company in the areas of gaming, information, blockchain, online gaming, and joint casino hotel investments.
Grant Johnson, CEO of Esports Home entertainment Group, said: “We are pleased to be a part of this quickly growing investment fund that is associated with numerous excellent tasks in the gaming area and beyond. We believe this relationship and financial investment is the beginning of our substantial development in financing and partnering with major projects and sports teams throughout the gaming market. This collaboration opens a brand-new path for substantial development and added financial firepower for the company. Our strong collaboration with their first-rate group has already resulted in the advancement of Esports gaming regulation in Ohio and other states. Working with Video Game Fund Partners has actually been satisfying and a source of fantastic opportunity for continued financial investment.”
GFP Chief Gaming Officer and Handling Partner Jonah Blake, commented: “We are really delighted with the integration of our specialist groups in the locations of gaming, financing, home entertainment, and marketing. Our deal with Esports Home entertainment Group has actually been rewarding and we are now dealing with and checking out significant opportunities together that we believe will be leading chauffeurs and profit centers for our fund, EEG, and the market overall.”
Marc Kasher, Chief Financial Investment Officer of Game Fund Partners, included: “Our long-lasting partnership and the opportunity we have in interacting with Esports Home entertainment Group is an essential to our continuing method of recruiting and including the very best talents throughout the gaming and financing ecosphere. We are at the forefront of constructing a considerable company together that I think will be a leader in video gaming and a brand-new metaverse. EEG is a leader in video gaming software application and online betting in addition to financial investments in cryptocurrency. We see a number of exceptionally appealing financial chances in continuing and future jobs with them.”
Esports Entertainment Group now consists of GG Circuit, EGL, Landuel, Lucky Dino, Bethard, Helix Centers, VIE, Argyll Entertainment, SportNation in addition to efforts across the world in video gaming centers, cryptocurrency mining, and partnerships with major sports teams.