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VGambling in Finance Round
VGAMBLING IN FINANCE ROUND TO LAUNCH ESPORTS BETTING PLATFORM
Traditional sportsbook model fundamentally ill-suited to eSports wagering, chief executive officer believes.
Antigua-based eSports gambling firm VGambling Inc., has executed a term sheet for its $850,000 Bridge Round financing which it expects to complete within the next 6 weeks.
The Financing, available exclusively through Denver, CO-based First Capital Ventures, is intended to complete the Company's peer-to-peer eSports wagering platform and launch its eSports websites.
"Fortune Magazine has reported that the eSports fan base will outstrip the NFL in 2017, while Forbes projects that fans of eSports fans will wager $23 billion by 2020," Gary Graham, president and chief executive officer of First Capital said.
"Yet traditional betting sites employ a sports book model that is fundamentally ill-suited to eSports. VGambling will be the first to offer a peer-to-peer wagering model dedicated to eSports, and it will be the only site to cover all 5,600 pro tournaments each year.
Grant Johnson, President and chief executive officer of VGambling, added: "We are excited to have secured this financing commitment from First Capital Ventures. The eSports industry is accelerating at a phenomenal rate and this financing brings us materially closer to the completion of our eSports wagering platform and launch of our global scale marketing programs."
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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