Firm News

The Latest News from Lucosky Brookman

Lucosky Brookman is a leader in the representation of small and micro-cap companies. The Firm has led it clients through numerous capital raise transaction and over a dozen uplisting and initial public offering transactions.  Access the latest news about Lucosky Brookman, our clients’ business transactions and industry updates here. 

Client Esports Entertainment Group, Inc. (NASDAQ: GMBL, GMBLW) Acquires Online Sportsbook and Casino Operator Argyll Entertainment

The Firm congratulates its client, Esports Entertainment Group, Inc. (Nasdaq: GMBL, GMBLW), an esports entertainment and online gambling operator, on the acquisition of LHE Enterprises Ltd (“LHE”), the holding company of online sportsbook and casino operator Argyll Entertainment AG and its operating subsidiaries (“Argyll”).The Firm represented the company in its acquisition of the outstanding capital stock of LHE and its subsidiaries, (i) Argyll Entertainment AG, (ii) Nevada Holdings Limited and (iii) Argyll Productions Limited (the “Acquired Companies”), from AHG Entertainment, LLC (“AHG”). 

As consideration for the Acquired Companies, the Company paid AHG $1,250,000 in cash, and issued to AHG (i) 650,000 shares of common stock of the Company; and (ii) warrants to purchase up to 1,000,000 shares of common stock of the Company at an exercise price of $8.00 per share.