LAS VEGAS, May 20, 2021 /PRNewswire/ -- Esports
Technologies, Inc. (Nasdaq: EBET), a global provider of
advanced esports wagering products and technology, today announced
an exclusive alliance with Colossus Bets, a global sports jackpot
operator and provider.
Agreement grants Esports Technologies exclusive license for
Colossus' extensive cash-out patent portfolio for esports
The agreement grants Esports Technologies an exclusive license
for the majority of Colossus' extensive cash-out patent portfolio
for esports applications, enabling Esports Technologies to improve
its cash-out user experience across all of its products thanks to
Colossus' leg-by-leg cash-out options. The patents
include:
- U.S. Patent No. 8,602,884
- U.S. Patent No. 8,734,241
- U.S. Patent No. 8,721,438
- U.S. Patent No. 8,721,439
- U.S. Patent No. 8,708,811
- U.S. Patent No. 9,117,341
- U.S. Patent No. 9,196,126
- U.S. Patent No. 9,275,516
- U.S. Patent No. 9,424,716
- U.S. Patent No. 9,704,338
- U.S. Patent No. 10,102,716
- U.S. Patent No. 10,431,044
- U.S. Patent No. 10,997,822
- Australian Patent No 2019201870
- Australian Patent No 2013311319
- Japanese Patent No. 5977454
- Japanese Patent No. 5977453
- Japanese Patent No. 6258941
- Japanese Patent No. 6526165
- South Korea Patent No. 10-1736754
- South Korea Patent No. 10-1726203
- Singapore Patent No. 11201501682Q
- Singapore Patent No. 10201510450T
- Philippines Patent No. 1-2015-500504
- South African Patent No. 2015/01552
- Nigerian Patent No. NG/PT/C/2015/952.
Bart Barden, Esports Technologies
Chief Operating Officer, said, "We believe our alliance with
Colossus will herald the arrival of industry-leading cash-out
technology, both in free-to-play and real money formats in one
platform, helping us grow to become a broader 'best in class'
esports offering. The exclusive patent license bolsters our
offerings with strong IP protection and customization, resulting in
a potent package that spans across data, technology and product,
particularly in the context of our North American
Business-to-Business ambitions. We look forward to our continuing
alliance with Colossus to provide our customers with the best
possible experiences on our platforms."
Eva Karagianni-Goel, Colossus
Chief Operating Officer, said, "We are excited to join forces with
Esports Technologies to unlock the value of our patents for esports
audiences. Their IP-led approach mirrors ours and presents us with
an exciting opportunity to marry our know-how with what is probably
the most forward-looking content area, esports. By marrying our two
technologies we believe we are able to create truly best-in-class
experiences for bettors, and we look forward to our continued
alliance."
The announcement comes on the heels of Esports Technologies'
NASDAQ listing, and is in line with the company's stated strategy
to "provide the most advanced product, platform and marketing
solutions" for esports wagering, continuing to build on the Gogawi
platform in the Asian-Pacific region.
About Esports Technologies
Esports Technologies
("Company") is developing groundbreaking and engaging wagering
products for esports fans and bettors around the world. Esports
Technologies is one of the leading global providers of esports
product, platform and marketing solutions. The Company operates a
licensed online gambling platform, gogawi.com, that offers
real money betting on esports events and professional sports from
around the world in a secure environment. The Company is developing
esports predictive gaming technologies that allow distribution to
both customers and business partners.
About Colossus Bets
Colossus Bets is a
multi-award-winning operator and supplier of the largest sports
betting pools globally, offering lottery-sized prize guarantees,
leg-by-leg cash-out offers and the unique Syndicates 'crowdbetting'
feature. Colossus Bets believes in making sports bigger by enabling
sports fans to engage with the sports they love through
life-changing jackpots and the most authentic social betting
experience. Since its launch in 2013, Colossus Bets has distributed
more than £170 million in prizes and reached players in over 100
countries. Players can join its pools via the B2C site,
colossusbets.com, or its worldwide network of partners, including
bet365, Mr Green, Paf and Betway Africa. More information is at
corporate.colossusbets.com.
CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING
STATEMENTS:
This press release contains forward-looking statements.
Forward-looking statements in this press release include, without
limitation, the company's ability to integrate the licensed
technology into their products. In addition, from time to time, we
or our representatives may make forward-looking statements orally
or in writing. We base these forward-looking statements on
our expectations and projections about future events, which we
derive from the information currently available to us. Such
forward-looking statements relate to future events or our future
performance, including: our financial performance and projections;
our growth in revenue and earnings; and our business prospects
and opportunities. You can identify forward-looking
statements by those that are not historical in nature, particularly
those that use terminology such as "may," "should," "expects,"
"anticipates," "contemplates," "estimates," "believes," "plans,"
"projected," "predicts," "potential," or "hopes" or the negative of
these or similar terms. In evaluating these forward-looking
statements, you should consider various factors, including: our
ability to grow the Company; our ability to keep pace with new
technology and changing market needs; and the competitive
environment of our business. These and other factors may
cause our actual results to differ materially from any
forward-looking statement. Forward-looking statements are
only predictions. The forward-looking events discussed in
this press release and other statements made from time to time by
us or our representatives, may not occur, and actual events and
results may differ materially and are subject to risks,
uncertainties and assumptions about us. We are not obligated
to publicly update or revise any forward-looking statement, whether
as a result of uncertainties and assumptions, the forward-looking
events discussed in this press release and other statements made
from time to time by us or our representatives might not occur.
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SOURCE Esports Technologies, Inc.