Hoboken, New Jersey--(Newsfile Corp. - November 30, 2021) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the "Company") and their ggCircuit brand today announced OMEGA, a new revolutionary product offering for B2B customers.

OMEGA ("Online Multiplayer Esports Gaming Attraction") is the Company's latest turnkey solution that enables businesses such as movie theaters, malls and family entertainment centers to add esports and other gaming options as an additional revenue stream. OMEGA uses an arcade model system to deliver a guided user experience, allowing users to seamlessly pay on-screen through a QR code or through the business' existing POS system.

"OMEGA is a unique ground-breaking opportunity to attract gamers with a very compact and convenient setup that resembles an esports arena," says Magnus Leppäniemi, President of Esports at Esports Entertainment Group. "We recently showcased OMEGA's capabilities at the International Association of Amusement Parks and Attractions Conference and the East Coast Gaming Congress in New Jersey and received positive feedback from a wide variety of operators. We were extremely pleased by the reception for OMEGA and our team is excited to officially debut the solution today."

Gamers will travel on a journey to save mankind from a futuristic control system. Grouped in teams across six or 12 stations, players will be tasked with missions and quests to compete in games such as Valorant and League of Legends. Participants will be rewarded with credits based on their performance that can be used to redeem digital prizes.

"OMEGA is simple and does not require previous esports experience or knowledge to operate. It is a great fit for a variety of businesses," says Zack Johnson, General Manager of ggCircuit. "The user journey is something new and distinctive that will give gamers an immersive experience, linking a storyline within their favorite games like Fortnite and Apex Legends."

About Esports Entertainment Group

Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

Media Inquiries
brandon.apter@esportsentertainmentgroup.com

Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com

JCIR
Joseph Jaffoni, James Leahy, Norberto Aja
212-835-8500
gmbl@jcir.com

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