. The deregistration is aimed at further reducing the complexity and costs of public reporting following the recent voluntary delisting of its securities from the Nasdaq Stock Exchange, and allowing the management team to focus their efforts on the Company's core business activities. The deregistration does not otherwise impact the Company's business operations. July 09, 2024 4:45 PM EDT | Source: Esports Entertainment Group, Inc. Esports Entertainment Group is a global MGA-licensed, "esports-focused" iGami ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: 001-39262 ESPORTS ENTERTAINMENT GROUP, INC. (Exact name of registrant as specified in its charter) (Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: December 31, 2023 Nevada 26-3062752 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to _______ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: 001-39262 ESPORTS ENTERTAINMENT GROUP, INC. (Exact name of registrant as specified in its charter) ...

WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION (State or other jurisdiction of incorporation or organization) Nevada 26-3062752 (IRS Employer Identification No.) Block 6, Triq Paceville St. Julians, Malta, STJ 3109 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ t ...

Internal Control and Financial Reporting - The company's disclosure controls and procedures were not effective as of the end of the reporting period, with identified material weaknesses in internal controls[375] - Material weaknesses included insufficient period-end financial reporting controls, lack of IT controls evaluation, and inadequate segregation of duties[376] - Remediation plans include establishing an internal audit function, implementing EGRC software, and enhancing IT general controls[378] - The company cannot provide assurance on when the material weaknesses will be fully remediated[379] - The unaudited condensed consolidated financial statements are presented fairly despite the material weaknesses[380] - No changes in internal control over financial reporting materially affected the company during the three months ended March 31, 2023[381] Legal and Regulatory Matters - The company's former CEO filed a lawsuit seeking over $1,000,000 and 2,000 shares of common stock for alleged breach of employment agreement[385] - The company successfully defended its marketing practices in Finland, with no adverse judgments from the Finnish regulator[186] - The company closed its UK gambling operations and surrendered its UK license in December 2022[185] Debt and Equity Transactions - The company sold 2,242,143 shares of common stock to holders of Senior Convertible Notes in exchange for debt principal[391] - The company was in default under the terms of the Senior Convertible Note until its conversion into Series C Preferred Stock on April 28, 2023[392] - The company entered into a Share Purchase Agreement with Gameday Group PLC and Prozone Limited on February 14, 2023[394] - The company redeemed $679,976 of its Senior Convertible Note on April 19, 2023, and converted the remaining $15,230,024 into Series C Convertible Preferred Stock, extinguishing the Senior Convertible Note[39] - The company raised $4,300,000 through the issuance of Series D Preferred Stock, common warrants, and preferred warrants on May 22, 2023[40] - The company exchanged the existing senior convertible note with a remaining principal of $29,150,001 for a new senior convertible note with an aggregate principal of $35,000,000 on February 22, 2022[142] - The company reduced the senior convertible note principal balance to $32,221,573 by remitting $2,778,427 from the proceeds of the September 2022 Offering[142] - The company paid $1,073,343 to the holder for interest due and interest prepaid through February 28, 2023 as part of the Registered Direct Offering[142] - The company converted $19,261,583 of the senior convertible note into 2,242,143 shares of common stock, resulting in a loss on extinguishment of $3,616,372[142] - The company redeemed $679,976 of the senior convertible note on April 19, 2023, settling a total of $750,000 including redemption premium and accrued interest[143] - The company converted the remaining $15,230,024 of the senior convertible note into Series C Convertible Preferred Stock on April 28, 2023[144] - The derivative liability related to the senior convertible note had a fair value of $1,963,933 as of March 31, 2023, with an approximate cash liability of $1,862,000,000[145] - The company accrued additional interest expense of $56,743 and $1,075,069 for the three and nine months ended March 31, 2023, respectively, due to non-compliance with debt covenants[147] - The company estimated it would have been required to issue up to 72,875 shares of common stock under the alternate conversion make-whole provision of the senior convertible note as of March 31, 2023[153] - The company recorded a loss on conversion of senior convertible notes of $5,999,662 for the nine months ended March 31, 2022 due to conversions of $7,500,000 principal into 25,145 shares of common stock[159] - The company estimated a derivative liability of $1,963,933 at March 31, 2023, and $9,399,620 at June 30, 2022, related to the Senior Convertible Note[164] - The make-whole cash liability under the Senior Convertible Note was approximately $1,862,000,000, significantly higher than the fair value of $1,963,933 as of March 31, 2023[164] - The company sold 300,000 units at $25.00 each in the September 2022 Offering, including 300,000 warrants with an exercise price of $25.00[165] - The fair value of the September 2022 Warrants decreased from $5,286,288 on September 19, 2022, to $702,239 on March 31, 2023[167] - The company sold 150,000 units at $100.00 each in the March 2022 Offering, including 150,000 warrants with an exercise price of $100.00[168] - The fair value of the March 2022 Warrants decreased from $9,553,500 on March 2, 2022, to $341,550 on March 31, 2023[170] - The company issued 20,000 Series A Warrants and 20,000 Series B Warrants with an exercise price of $1,750.00 each[171] - The fair value of the Series A and Series B Warrants decreased from $122,730 at June 30, 2022, to $0 at March 31, 2023[173] - The company's long-term debt, including the Senior Convertible Note, was $15,935,723 at March 31, 2023, down from $35,139,538 at June 30, 2022[175] Financial Performance and Liquidity - Net revenue for the quarter ended March 31, 2023 was $4.18 million, a significant decrease from $15.70 million in the same period last year[10] - Total operating expenses for the quarter were $13.79 million, down from $66.33 million in the prior year period[10] - Net loss for the quarter was $13.19 million, compared to a net loss of $63.57 million in Q1 2022[10] - Cash and cash equivalents decreased to $1.88 million as of March 31, 2023 from $2.52 million at June 30, 2022[8] - Total assets declined to $24.43 million from $64.86 million over the same period[8] - Total liabilities decreased to $30.03 million from $68.68 million[8] - Accumulated deficit increased to $180.64 million as of March 31, 2023 from $149.14 million at June 30, 2022[8] - Basic and diluted loss per common share was $5.76 for the quarter, compared to $210.64 in Q1 2022[10] - Weighted average number of common shares outstanding increased to 2.34 million from 303,087 in the prior year period[10] - The company recorded a $4.20 million loss on disposal of businesses during the quarter[10] - 10% Series A cumulative redeemable convertible preferred stock cash dividend of $200,628 was paid during the period[15][16] - Net loss for the nine months ended March 31, 2023 was $13,193,975[16] - Total stockholders' equity (deficit) as of March 31, 2023 was $(13,603,300)[16] - Common stock and warrants issued in equity financing, net of issuance costs, amounted to $2,146,685[15] - Foreign exchange translation adjustment for the nine months ended March 31, 2023 was $2,573,183[16] - Series B redeemable preferred stock was issued for $1,000 and later redeemed[15][16] - Stock-based compensation expense for the nine months ended March 31, 2023 was $21,079[16] - Conversion of senior convertible note resulted in issuance of 2,242,143 shares of common stock[16] - Accumulated deficit as of March 31, 2023 was $(180,635,674)[16] - Additional paid-in capital as of March 31, 2023 was $171,821,858[16] - Net loss for the period was $552,381[17] - Balance as of September 30, 2021, shows total assets of $219,832 and liabilities of $123,286[17] - Proceeds from issuance of 10% Series A cumulative redeemable convertible preferred stock amounted to $73,731,366[17] - Cash dividend paid on preferred stock was $100,314[17] - Conversion of Senior Convertible Note resulted in $17,018,178,243,437[17] - Issuance of common stock under the ATM, net of issuance costs, was $3,758,415,391,519[17] - Common stock and warrants issued in equity financing, net of issuance costs, amounted to $55,260,510[17] - Stock-based compensation expense was $1,729,401[17] - Foreign exchange translation loss was $791,539[17] - Net loss for the period ending December 31, 2021, was $34,334,629[17] - Net loss for the nine months ended March 31, 2023, was $31,495,248, compared to $98,456,505 for the same period in 2022[21] - Cash flows from operating activities resulted in a net cash used of $11,526,050 for the nine months ended March 31, 2023, compared to $14,100,783 for the same period in 2022[21] - Proceeds from equity financing, net of issuance costs, were $9,001,103 for the nine months ended March 31, 2023, compared to $13,605,000 for the same period in 2022[21] - Cash and restricted cash at the end of the period were $2,848,744 as of March 31, 2023, compared to $12,372,820 as of March 31, 2022[21] - Stock-based compensation for the nine months ended March 31, 2023, was $1,127,070, compared to $3,958,275 for the same period in 2022[21] - Asset impairment charges for the nine months ended March 31, 2023, were $16,135,000, compared to $38,629,310 for the same period in 2022[21] - Proceeds from the sale of Bethard Business and Spanish operations were $1,739,882 and $1,200,000, respectively, for the nine months ended March 31, 2023[21] - Repayment of senior convertible note was $2,778,427 for the nine months ended March 31, 2023[21] - Cash paid for interest was $2,442,673 for the nine months ended March 31, 2023, compared to $1,734,291 for the same period in 2022[25] - Conversion of senior convertible notes to common stock was $19,261,583 for the nine months ended March 31, 2023, compared to $10,652,648 for the same period in 2022[25] - The company completed a 1-for-100 reverse stock split on February 22, 2023, approved by the board and shareholders, with all references to shares adjusted accordingly[31][32] - The company operates two business segments: EEG iGaming, focusing on iGaming casino and sportsbook in Europe, and EEG Games, providing esports entertainment in the US and Europe[33][34] - As of March 31, 2023, the company had an accumulated deficit of $180,635,674, total current assets of $5,448,355, and total current liabilities of $28,968,837, with net cash used in operating activities of $11,526,050 for the nine months ended March 31, 2023[40] - The company faced substantial doubt about its ability to continue as a going concern due to recurring losses, negative cash flows, and liquidity challenges, with $1,875,758 in available cash as of March 31, 2023[38][40] - The company's cash and cash equivalents as of March 31, 2023, included $1,875,758 in cash on hand, with no financial instruments classified as cash equivalents[53] - The company's accounts receivable, primarily from esports events and team management services, had an immaterial allowance for credit losses as of March 31, 2023[55] - User deposit receivables are recorded as receivables reserved for users on the unaudited condensed consolidated balance sheets, with an allowance for doubtful accounts recognized as a loss within general and administrative expenses if collection is uncertain[56] - The Company recognized total goodwill asset impairment charges of $16,135,000 in the unaudited condensed consolidated statements of operations for the three months ended December 31, 2022, including $14,500,000 for the iGaming reporting unit and $1,635,000 for the GGC reporting unit[62] - During the three months ended March 31, 2023, the Company sold its Bethard business, reducing goodwill by $2,153,419, with no goodwill impairment charges recognized in the same period[63] - The Company recognized goodwill impairment charges of $23,119,755 during the three and nine months ended March 31, 2022, reducing the goodwill of the Helix, EGL, and GGC reporting units[64] - Intangible assets with determinable lives are amortized over their estimated useful lives: 5 years for player relationships and developed technology/software, 10 years for tradenames, and 2 years for gaming licenses[65] - The Company determined there was no impairment on its long-lived assets during the three and nine months ended March 31, 2023[68] - The Company recognized $13,484,122 for the impairment of the EGL and Helix tradenames and developed technology/software, and the GGC tradename and developed technology during the three and nine months ended March 31, 2021[69] - The jackpot provision liability is an estimate of the amount due to players for progressive jackpot winnings, accrued monthly based on an estimate of the jackpot amount available for winning[71] - The Company incurred charges of $0 and $72,107 for the three and nine months ended March 31, 2023, respectively, related to a vendor owned by the current Chief Executive Officer[127] - The Company accounts for uncertainty in income taxes using a two-step process to determine the amount of tax benefit to be recognized, with the provision for income taxes including the effects of any resulting tax reserves[75] - The company recognized a goodwill impairment charge of $16,135,000, with $14,500,000 related to EEG iGaming and $1,635,000 related to EEG Games[114] - The company disposed of the Bethard Business, resulting in a goodwill loss of $2,153,419[114] - Other receivables increased to $384,688 as of March 31, 2023, compared to $372,283 as of June 30, 2022[111] - Prepaid expenses and other current assets decreased to $969,175 as of March 31, 2023, from $1,543,053 as of June 30, 2022[112] - Equipment, net decreased to $30,075 as of March 31, 2023, from $43,925 as of June 30, 2022[113] - The company recognized a loss on disposal of businesses, including $2,116,882 of goodwill for the Bethard Business[114] - The company concluded that goodwill impairment indicators existed due to significant revenue declines in EEG iGaming and underperformance in EEG Games[115] - The company recognized impairment charges totaling $13,484,122 for intangible assets as of March 31, 2022[119] - The company recognized goodwill impairments totaling $23,119,755 as of March 31, 2022[120] - The company's revenue is generated from EEG iGaming, EEG Games Esports, and other services, recognized in accordance with ASC 606[86] - EEG iGaming revenue is derived from customer bets, with Net Gaming Revenue (NGR) calculated as the difference between gaming wins and losses, reduced by nondiscretionary incentives[88] - Revenue from individual wagers is recognized immediately, while revenue from incentives like loyalty points is deferred until redemption[89] - The company records revenue on a gross basis for third-party wagering services, as it controls the service and directs third parties[90] - Data analytics and esports services revenue is recognized over the contract life using the output method, with payment terms typically 30 to 60 days[94] - Esports event management and team services revenue is recognized over the event or contract term, with fixed fees per event or tournament[98][99] - Sales and marketing expenses decreased by $16.1 million (76%) to $5.2 million for the nine months ended March 31, 2023, primarily due to reduced marketing and affiliate costs[349] - The company is evaluating additional financing sources to address potential liquidity concerns and ensure its ability to continue as a going concern[360][365] - Operating lease expenses for the nine months ended March 31, 2023, were $69,597, a significant decrease from $458,949 in the same period in 2022[137] - The company terminated its UCLA lease, recognizing a gain of $799,901, and has no further obligations related to the lease[135] - Notes payable and long-term debt totaled $25,723 as of March 31, 2023, with interest expense of $324 for the three months ended March 31, 2023[139] - The company has future annual commitments of $1,250,000 and 100 shares of Common Stock payable each year through 2030 under the Bally's Corporation agreement[177] - Sales and marketing expenses for esports sponsorships were $146,840 for the three months and $963,023 for the nine months ended March 31, 2023, compared to $1,090,523 and $3,905,728 for the same periods in 2022[179] - The company has future sponsorship commitments of $549,988 for the remainder of FY2023, $433,612 for FY2024, $217,730 for FY2025, and $149,913 for FY2026[179] - Online betting and casino revenues were $3,437,387 for Q3 2023 and $17,571,219 for the nine months ended March 31, 2023,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offices) For the transition period from __________________ to __________________ Commission File Number: 001-39262 ESPORTS ENTERTAINMENT GROUP, INC. (Exact name of reg ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: 001-39262 ESPORTS ENTERTAINMENT GROUP, INC. (Exact name of registrant as specified in its charter) (St ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2022 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to____________ Commission File Number: 001-39262 ESPORTS ENTERTAINMENT GROUP, INC. (Exact name of registrant as specified in its charter) (State of incorporation) (Commi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: 001-39262 ESPORTS ENTERTAINMENT GROUP, INC. (Exact name of registrant as specified in its charter) (State ...