Esports Entertainment Group Inc (NASDAQ:GMBL) saw its registered users more than quintuple during the recent two-week Counter Strike:Global Offensive (CS:GO) esports tournament on VIE.gg, the company announced on Thursday.

Users grew by more than 400% compared to the same two-week period last month, and customer deposits were four times higher over the same span. 

The company’s partner, Allied Esports, itself a subsidiary of Allied Esports Entertainment (NASDAQ:AESE), drew 1.7 million unique viewers for the VIE.gg CS:GO Legend Series tournament. The competition, which ended Sunday, also generated more than 1 million hours watched and reached a peak of 98,000 viewers at one time, making it the most-watched Legend Series event since the series was created in 2017, the company said.

READ: Esports Entertainment sets revenue guidance at $13M and $25M in fiscal 2021 and 2022 respectively

Each broadcast during the tournament featured a betting component, including dynamic real-time odds that shifted and remained on display over the course of the match.

“We are absolutely thrilled with the viewership numbers for the VIE.gg CS:GO Legend Series, a new benchmark for Allied Esports and a great introduction of our VIE.gg brand to fans around the world,” Esports Entertainment CEO Grant Johnson said in a statement. “With a 400% increase in new users and 300% increase in deposits, we’ve clearly demonstrated there is demand for our platform.”

The tournament was produced from Allied Esport’ HyperX esports studio in Hamburg, Germany and reached audiences across multiple continents. The company worked with its partners to broadcast the
Source…