Connect with us

Finance

EBET Announces Corporate Restructuring, Confirms Esports Retreat

EBET, a Las Vegas-based wagering technology firm, has announced an intense corporate restructuring plan. Reportedly, EBET seeks to drive up a positive EBITDA run rate beginning August 2022, and to do that, the leadership team has identified several key areas of improvement. This news comes just days after rumours circulated that EBET would be making a split from esports, instead focusing its attention more acutely on sports betting and online casinos.

Following the rebrand in 2022, EBET went from strength to strength, publishing a report that detailed revenue growth in Q1 of 2022 of more than 166%. It went on to form a partnership with Incentive Games, which was a deal to bolster EBET’s online casino offerings, a sector that the firm now wants to focus on quite heavily. As 2022 pushed on, EBET also revealed that it had been working on a ‘next-generation’ odds and modelling feed system.

Read More Here

Related Topics
Advertisement

Gold Sponsor

OES Online eSports are our gold sponsor. They cover live esports events and the latest esports news. Check them out.

Latest News

Advertisement

Age of Empires Apex Legends Astralis Best of BLAST Business Chess CoD Counter-Strike Destiny 2 Dota 2 ESL Esports Esports Around The World Esports betting Esports Partnership Events Exclusive News FGC FIFA Fortnite General Halo Hardware Hearthstone League of Legends Legends of Runeterra Minecraft MMO Mobile MTG Oceania Overwatch Pokémon PUBG Rainbow 6 Rocket League Sponsored Streaming Teamfight Tactics Transfers Valorant Wild Rift World of Warcraft Yu-Gi-Oh!

More in Finance