Esports Entertainment Group, Inc. (NasdaqCM:GMBL) signed a binding Letter of Intent to acquire a 30% minority stake in Drafted.gg s.r.o for $0.3 million on October 26, 2023. Esports Chief Executive Officer has an indirect immaterial interest in Drafted.gg. The acquisition will build on a strategic collaboration and revenue.

Esports expects to purchase the remaining 70% of the business by the end of the fiscal year.