LAS VEGAS, July 7, 2021 /PRNewswire/ – Esports
Technologies Inc. (NASDAQ: EBET), a leading global provider of
advanced esports wagering products and technology, has established
a dedicated quantitative analysis ("quant") team to continue to
develop the company's intellectual property, focusing on new
esports predictive gaming models and predictive consolidated data
feeds. This initiative is designed to allow Esports Technologies to
work on developing its cutting-edge wagering platform and products
while partnering with B2B customers to generate revenue from the
use of its technology.
Jason Finch, who was
formerly the company's Director of Research and Technology, has
been elevated to Chief Technology Officer and will lead the new
team. A veteran of analytics, trading, and modeling, he has
previously managed quants to develop real-time models for pricing
sports, politics, and other innovative event products.
Under Finch's direction, the Esports Technologies quant team now
includes:
- Brad Cole, an applied
mathematician who has developed highly detailed pricing models for
esports wagering and competitor talent evaluation, as well as
validation of battle royale esports modeling via stochastic graph
theory, simulation methods, and big data methods on competitor
results.
- Dr. Stephan Roberts, a
mathematician who carries a wide-ranging expertise in analysis and
statistics and the recognition of complex patterns. Dr. Roberts has
published academic papers discussing topics of orderings and
polynomials.
- Dr. Da Xu, a senior machine learning engineer joining
Esports Technologies. Dr. Xu has developed forecast models using
optimization algorithms and deep learning. He has also performed
quantitative research of alpha risks for hedge fund clients using
machine learning models.
- Dr. Jonathan
Pearce, a computational physics Ph.D. joining
Esports Technologies. Dr. Pearce specializes in numeric methods,
data mining, and the calculation of probabilities. Much of Dr.
Pearce's work has involved trend analysis using various data
collection and data visualization methods.
Bart Barden, Chief Operating
Officer of Esports Technologies, said, "Mr. Finch has done
an excellent job leading our research and technology departments,
and he is well-prepared to lead our world-class quantitative,
platform and data team. We believe the latest additions of Dr.
Roberts, Dr. Xu, and Dr. Pearce will accelerate our ability to
provide state-of-the-art solutions that enhance the esports
wagering experience to our product offerings and those of our
partners. Our commitment to quantitative analytics is a strategic
move that will have far-reaching effects on our growth and our
aggressive acquisition strategy."
About Esports Technologies
Esports Technologies 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.
CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING
STATEMENTS: This press release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934 and the
Private Securities Litigation Reform Act of 1995, which statements
involve risks and uncertainties. These statements relate to future
events, future expectations, plans and prospects. 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. Although the
Company believes that the expectations reflected in such
forward-looking statements are reasonable as of the date made,
actual results or outcomes may prove to be materially different
from the expectations expressed or implied by such forward-looking
statements. Such risks and uncertainties include, but are not
limited to the Company's ability to develop new esports predictive
gaming models and predictive consolidated data feeds and to provide
state-of-the-art solutions that enhance the esports wagering
experience to its product offerings and those of its
partners. These statements are only predictions and involve
known and unknown risks, uncertainties, and other factors,
including those discussed in the Company's filings with the
Securities and Exchange Commission, including as set forth in the
"Risk Factors" section of the Company's final prospectus, which was
filed with the Securities and Exchange Commission on April 16, 2021, as updated by the Company's
subsequent Quarterly Reports on Form 10-Q. The Company does not
undertake any obligation to release publicly any revisions to
forward-looking statements as a result of subsequent events or
developments, except as required by law.
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SOURCE Esports Technologies Inc.