Esports Entertainment Group, Inc. (NASDAQ:GMBL) (NASDAQ:GMBLP) (NASDAQ:GMBLW) (NASDAQ:GMBLZ) (the "Company") today announced that it will effect a 1-for-100 reverse stock split of its outstanding common stock, effective today at 7:00 p.m. Eastern Standard Time (4:00 p.m. Pacific Standard Time). Beginning on February 22, 2022, the Company's common stock will open for trading on The Nasdaq Capital Market ("Nasdaq") on a split adjusted basis under the existing trading symbol "GMBL," but will trade under the new CUSIP number 29667K504.

On January 26, 2023, the Company's shareholders approved the reverse stock split without a corresponding reduction in the total number of...