Two-Week VIE.gg CS:GO Legend Series
Competition Now Offered to Sports Bettors and Esports Enthusiasts
Daily Through September 13
Allied Esports, a global esports entertainment company and a
subsidiary of Allied Esports Entertainment, Inc. (NASDAQ: AESE),
has created the first opportunity for legal esports betting in New
Jersey through its VIE.gg CS:GO (Counter-Strike: Global Offensive)
Legend Series tournament, which runs through September 13. The
announcement allowing legal esports betting in the state was made
by the New Jersey Economic Development Authority (NJEDA) and the
New Jersey Division of Gaming Enforcement (DGE), and was
facilitated by New Jersey-based gaming and esports agency
Gaud-Hammer Gaming Group.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200902005531/en/
Allied Esports’ previously announced data and video rights
licensing agreement with GRID Esports, a leading esports data
provider, paved the way for the tournament’s live-server data to be
distributed to participating sportsbooks and other online vendors
in the Garden State, allowing bettors to engage with the event in
real time.
“We are extremely proud that bettors in New Jersey will place
their first legal esports wagers on the VIE.gg CS:GO Legend
Series,” said Fran Ng, CEO of Allied Esports Entertainment.
“Between our recent data and video rights agreements and focus on
competitive integrity, we have raised the value of one of our key
tournament brands and provided our partners with an innovative
business solution. We are excited to play a new role in the rapidly
growing esports betting market and believe we have taken the
necessary steps to capture future opportunities in the U.S. and
around the world with our unique offerings.”
“This is a momentous decision for esports betting in the U.S.,
and Allied Esports’ commitment to increased fan engagement and
integrity allows for states and operators to function securely in
their approach,” said Moritz Mauer, CEO of GRID Esports. “Each day,
esports wagering gets closer to legitimacy across all 50 states and
our ongoing effort in evangelizing esports data for betting and
media is made possible by partners like Allied Esports. We are
honored to join them in a part of history that starts this week in
New Jersey.”
According to figures released by the NJDGE, New Jersey’s
sportsbooks took $315.1 million in bets in July 2020, up 91% over
June’s total and up 25.4% from the same month of 2019. Sports
betting revenue was $29.6 million, up 65.2% over last July. For
2019, the first full calendar year of legal sports betting in New
Jersey, a total of $4.55 billion was wagered at New Jersey
sportsbooks, with $3.8 billion of that total online. Those wagers
resulted in $299 million in gross revenue and $36.7 million in tax
revenue for the state.
Through Allied Esports’ agreements with GRID Esports and naming
rights partner Esports Entertainment Group, Inc. (NASDAQ: GMBL,
GMBLW), a licensed online gambling company with a focus on esports
wagering and 18+ gaming, the VIE.gg CS:GO Legend Series represents
the first time Allied Esports has offered the use of its tournament
data and video rights for the enhancement of regulated consumer
betting. Allied Esports also recently announced its membership in
the Esports Integrity Commission (ESIC) to maintain and enforce the
competitive gaming regulations and conduct in its tournaments,
effective immediately.
Each broadcast during the VIE.gg CS:GO Legend Series tournament
prominently features a wagering component, including dynamic live
odds that are on display for the entirety of each match. The online
event is produced by Allied Esports from its HyperX Esports Studio
in Hamburg, Germany and streamed live on Twitch.tv/AlliedEsports
from 6 a.m. to 1 p.m. PDT (9 a.m. - 4 p.m. EDT) each day. For the
tournament bracket and schedule of matchups, visit
AlliedEsports.gg/LegendSeries.
The VIE.gg CS:GO Legend Series is a showcase of 16 teams from
multiple European countries, the Commonwealth of Independent States
(CIS) region and South America competing online for €50,000
($59,000) in total prize money. The lineup includes the top-ranked
CS:GO teams from five countries – Belarus, Bulgaria, Norway,
Romania and Ukraine – and seven teams ranked in the top 50
globally.
Created in 2017, Allied Esports’ original Legend Series
tournament brand was designed to expand the competitive ecosystem
and total prize pool for teams ranked outside of the first tier.
The VIE.gg CS:GO Legend Series is Allied Esports’ sixth edition of
the CS:GO Legend Series and the first to feature a licensing
partner and title sponsor. Additional versions of the series have
previously included Overwatch, League of Legends, FIFA, COD
Blackout and VALORANT.
About Allied Esports
Named one of the World’s Most Innovative Companies by Fast
Company, Allied Esports International, Inc. is at the forefront of
esports entertainment with a global network of properties designed
to serve as competition battlegrounds, community experience hubs
and content production centers.
Through direct operation or membership in the Allied Esports
Property Network, the world’s first esports affiliate program,
Allied Esports’ facilities span North America, Europe, China and
Australia, and include the world-renowned HyperX Esports Arena Las
Vegas, a fleet of mobile arenas, the HyperX Esports Trucks, and the
HyperX Esports Studio in Hamburg, Germany.
Allied Esports’ properties serve as the home to a number of
online and offline proprietary productions and events, including
Friday Frags and Saturday Night Speedway, as well as original
partner programs like the Simon Cup and VALORANT Ignition Series:
Allied Esports Odyssey.
For more information about Allied Esports, visit
AlliedEsports.gg and follow @AlliedEsports. Allied Esports
International, Inc. is a subsidiary of Allied Esports
Entertainment, Inc.
About Allied Esports
Entertainment
Allied Esports Entertainment, Inc. (NASDAQ: AESE) is a global
leader in esports entertainment, providing innovative
infrastructure, transformative live experiences, multiplatform
content and interactive services to audiences worldwide through its
strategic fusion of two powerful brands: Allied Esports and the
World Poker Tour (WPT). For more information, visit
AlliedEsportsEnt.com.
Forward Looking
Statements
This press release includes “forward looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the control of us, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include: our ability to execute on our business
plan; our ability to retain key personnel; general economic and
market conditions impacting demand for our products and services;
adequacy of our funds for future operations; our future expenses,
revenue and profitability; our ability to develop new products; our
dependence on key suppliers, manufacturers and strategic partners;
and industry trends and the competitive environment in which we
operate. These and other risk factors are discussed in our reports
filed with the Securities and Exchange Commission. We do not
undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200902005531/en/
Media Contacts: Brian Fisher Allied Esports
brian@alliedesports.com
Investor Contact: Lasse Glassen Addo Investor Relations
lglassen@addoir.com 424-238-6249
Allied Esports Entertain... (NASDAQ:AESE)
Historical Stock Chart
From Feb 2024 to Mar 2024
Allied Esports Entertain... (NASDAQ:AESE)
Historical Stock Chart
From Mar 2023 to Mar 2024