Malta

Esports Technologies’ soon to be established Malta office will aim to “attract the very best talent”, from a “prime location” to do so, it has told iGamingCapital.mt.

Speaking after the company originally announced the establishment of the office last week, along with the appointment of Mark Thorne as Chief Marketing Officer leading from the new office, Esports Technologies said it was “excited” to establish its presence in Malta.

With Mr Thorne heading up the new location, the company hopes that from the new office, it will build a team to assist with its European market entries, working closely with its operations office in Dublin.

Moreover, Esports Technologies commented it is “excited to expand its leading esports wagering products and technology to new markets upon the 140 it already operates in”.

The company is a prominent supplier of platforms and services to help provide features for wagering and esports products – an industry that seems set for dramatic growth in the coming years.

According to PwC UK, the pandemic has provided a catalyst to what was already projected to be rapid growth for the industry.

“From a niche global market worth $194 million (€159.40 million) in 2014, esports revenues leapt to $980 million (€805.22 million) in 2019 and were projected to rise to almost $1.8 billion (€1.48 billion) by 2023. But this was before COVID-19. Now, this projected figure looks understated”, it says.

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