At this point, there are a number of companies that may come onto the radars of investors, and one of those could be Esports Entertainment Group Inc. (OTC:GMBL). The company is a leading global iGaming player and also provides business-to-business (B2B) esports content and solutions. On March 28, the company was in the news cycle after it announced that its common stock, trading under the ticker symbol GMBL with a par value of $0.001, and its 10% Series A Cumulative Redeemable Convertible Preferred Stock, trading under the ticker symbol GMBLP, had been approved to get an upgraded OTCQB Venture Market quotation.
The approval went into effect yesterday. It should be noted that the OTCQB is a venture market that is run by OTC Markets Group Inc. In order to be eligible for a quotation on the venture market, a company has to be current in terms of its financial reporting. Additionally, the companies also need to go through a management certification and annual verification process. The United States Securities and Exchange Commission recognizes the exchange as an established public market. The agency also provides current public information so that it is possible for investors to conduct their own analyses.
The Chief Executive Officer of Esports Entertainment Group, Alex Ingelman, spoke about the latest developments as well. He noted that everyone at the company was pleased to have joined the other companies that were listed on the exchange. He also stated that the listing of Esports Entertainment Group on the exchange would ensure long-term transparency for the company’s shareholders, partners, customers, and the general public. Consequently, it would also allow the company to gain greater access to the public capital markets. It could well be a good time to consider adding Esports Entertainment Group stock to your watch lists.
