ST. MARY'S, Antigua, May 09, 2018 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (OTCQB:GMBL) (or the "Company"), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, announced today the launch of the NexGen Payment Processing Platform from MoneyMatrix on VIE.gg, the Company’s esports wagering platform.

MoneyMatrix Ltd, part of the EveryMatrix Group, is a licensed, regulated Financial Institution which has partnered with 60+ solution vendors to create a multi-solution, multi-currency portfolio, giving all merchants access to over 150 Payment, Risk, AML and KYC solutions via one single API.

Sandra Barton, MoneyMatrix CEO stated, “MoneyMatrix is the next generation of processing platform – we are not a solution, we are the solution. We have created an all-encompassing platform that allows clients such as VIE.gg to run their business as they best see fit. We are very excited to have VIE.gg as our first esports merchant and look forward to helping it become a global success.”

Grant Johnson, CEO of Esports Entertainment Group stated, “We are excited to launch with MoneyMatrix’s processing platform in order to offer our users access to a myriad of international payment options in a very secure environment. Esports customers transact in many currencies and forms from major credit card processors to e-wallets and local payment solutions, so providing them with flexibility and security is paramount to their satisfaction. In addition, MoneyMatrix provides anti-money laundering tools, transactional and risk management data that is consistent with our philosophy of providing the safest, most secure, transparent and regulated esports wagering platform in the world.”

This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum at https://agoracom.com/ir/EsportsEntertainmentGroup

About Esports Entertainment Group

Esports Entertainment Group, Inc. is a next generation online gambling and 18+ gaming company. Initially, Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secured platform to the global esports audience, excluding the US and EU. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds licenses to conduct online gambling and 18+ gaming on a global basis, excluding the US and EU, in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua and Curacao. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL. For more information visit www.esportsentertainmentgroup.com.

FORWARD-LOOKING STATEMENTS
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