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Esports Entertainment Group CEO Provides Letter To Shareholders; Reports Annualized Cost Reductions Anticipated To Exceed $4M, Reduces Debt And Other Liabilities By Over $27M, Year-To-Date

Benzinga ·  Apr 17, 2023 21:25

Outlines Corporate Vision and Discusses Ongoing Restructuringto Enhance Operational Efficiency

Reports Annualized Cost Reductions Anticipated to Exceed $4.0 Million

Reduces Debt and Other Liabilities by Over $27 million, Year-to-Date

St. Julians, Malta--(Newsfile Corp. - April 17, 2023) -Esports Entertainment Group, Inc.(NASDAQ:GMBL) (NASDAQ:GMBLP) (NASDAQ:GMBLW) (NASDAQ:GMBLZ)("Esports Entertainment" or the "Company"),a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today provided the following letter to shareholders from the Company's CEO, Alex Igelman, including an update on its ongoing restructuring plan aimed at driving accelerated growth and increased operational efficiency:

To my...

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