In premarket trading today, the shares of Esports Entertainment Group Inc. (NASDAQ: GMBL) were on the rise.
The Esports stock fell by -5.06% to close at $12.00 on Thursday. Volume for GMBL stock held steady at around 1.75 million shares, which was below the average daily volume of 2.2 million shares in the last 50 days.
GMBL stock has fallen by -24.62% over the past week and has risen by 306.78% during the past 12 months. Minutes after news broke of a partnership with the largest Esports wiki, GMBL stock rose 1.37% to $12.16.
What was the partnership?
Founded on a founding principle of providing full esports and online gambling services, Esports Entertainment has grown exponentially with the rise of video games and the rise of esports among younger generations.
Through unique and enriching ways that bring fans and gamers together, GMBL strives to connect the world at large with the future of sports entertainment. Fans and players can easily and conveniently connect with GMBL and its affiliates to stay informed and engaged with their favorite esports.
The largest esports wiki in the world and an affiliate of the top esports organization Team Liquid, Liquipedia.net, has partnered with Esports Entertainment and its secure esports betting platform VIE.bet, unveiled GMBL this morning.
- bet and Liquipedia will join forces for the May 3 2021 launch of the most community-focused and responsible ‘esports betting’ integration ever seen.
- By partnering with Liquipedia, VIE.bet will be integrated into select Liquipedia pages, giving Liquipedia’s millions of monthly visitors the ability to see betting odds through VIE and place bets from Liquipedia while having a safe experience.
- Together, Liquipedia and VIE.bet are making sure that only legal age users will receive information about betting on sports activities across VIE’s 150 whitelisted jurisdictions worldwide, with licenses for other states pending.
- Users who prefer not to see sports betting odds will be able to turn them off, and betting information will be displayed with clear guidelines on responsible gambling.
For Esports Entertainment (GMBL), the collaboration of VIE.bet with Liquipedia could lead to Liquipedia later releasing Esports Betting Advertising Guidlines on the Commons Wiki, something which will surely benefit GMBL.