(Note: IPOScoop has No Call on this micro-cap IPO. The company has applied to the NASDAQ for approval to list its common stock.)

We are a technology company developing and operating platforms focused on esports and competitive gaming. We operate a licensed online gambling platform, gogawi.com, which is an esports/sportsbook focused on bettors in Asia and Latin America. We offer real money betting on esports events from around the world in a secure environment. We accept wagers on major esports titles including: Counter-Strike: GO, League of Legends, Dota 2, StarCraft 2, Rocket League, Rainbow Six, Warcraft 3, King of Glory and FIFA; as well as professional sports, including the NFL, the NBA, Major League Baseball, soccer and more.

We hold a gaming license from the Curacao Gaming Authority. Under our existing license, we can accept wagers from residents of more than 149 jurisdictions. Historically, virtually all of our wagers have been sourced in the Philippines. During 2021 and in connection with the introduction of our updated site, we intend to target additional markets in which we are licensed to accept wagers, including Japan, Thailand, Mexico and South America.

Although we are not currently licensed to accept wagers in the United States, we intend to introduce a “free to play” online esports experience in the United States during 2021. Our “free to play” experience will allow users to predict esports match winners and outcomes without wagering real money. We will offer users ways to earn loyalty points. We anticipate monetizing the traffic via advertising (both display and affiliate) as well as offering microtransactions and in-game currencies.

(Note: Esports Holdings raised its price range to $5.00 to $6.00, up from $4.50 to $5.00 initially, on the same number of shares – 2 million – in an S-1/A filing dated April 12, 2021.)