Global esports and gambling company Esports Entertainment Group (EEG) has appointed Damian Mathews as its new Chief Financial Officer, replacing former CFO Dan Marks.
Damian Mathews is an experienced executive who served as CFO of Qatar and Abu Dhabi Investment Company from 2014 to 2020. He also held various positions of growing stature at ABN Amro, Royal Bank of Scotland, Credit Suisse First Boston and KPMG between 1994 and 2009.
Damian Mathews, the new CFO of Esports Entertainment Group, commented: “I am delighted to accept the appointment as EEG’s Chief Financial Officer. The company has grown rapidly and has immense ambition in the exciting industry of esports. 2022 will be a pivotal and exciting time as we aim to continue to grab market share and develop and enhance our products to drive strong unit economics.
Released in early 2022, EEG recorded losses in its last financial report. The esports betting and investment company noted that the rise of the Omicron variant and fluctuations in global markets were to blame and announced that it plans to continue growth for the remainder of the year.
Esports Entertainment Group completed its public offering of common stock and warrants in March, raising $13.6m (~£10.16m) from the offering.
Grant Johnson, CEO of Esports Entertainment Group, added: “Damian Mathews brings more than 25 years of global experience, working across banking, private equity and real estate. Damian has been a valuable part of the Company’s board since 2020 and we’re confident Damian’s expertise and leadership will make him a critical partner as we execute on our strategic and financial plan for this year and beyond.”
Esports Insider says: EEG is bolstering its ranks with top talent as the company continues to grow its business across gambling and esports. The recently-acquired New Jersey gambling licence could mean big things for EEG in 2022.