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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."



Gambling News :

3 Top Bitcoin Poker Sites - Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.

Kentucky Derby Odds: Justify still Favorite - With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.

$40,000,000 guaranteed Partypoker Powerfest - $40,000,000 guaranteed POWERFEST schedule released. 6th-20th May, 366 events, 13 events with $1,000,000+ guaranteed

888Poker Takes Over the States - With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?

Top gambling ICOs to watch this year - The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.

MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

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.

Famous professional eSports player that turned into poker - It goes without saying that nowadays eSports is one of the fastest growing industries. However, similar to regular sports, the professional gamers are struggling to find themselves after their career is over.

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