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Esports Entertainment Group Soars 25% on GameStop Speculation

What happened

Shares of Esports Entertainment Group (NASDAQ:GMBL) were soaring over 25% Thursday morning after Citron Research said video game retailer GameStop (NYSE:GME) should buy the company.

So what

The mania surrounding GameStop stock was renewed after the retailer announced its CFO was resigning. Although it didn’t give a reason for the departure, it said there were no disagreements over the video game shop’s financials.

Shares of GameStop more than doubled on the news yesterday and were up another 45% in morning trading today. Now with Citron calling for the retailer to buy Esports Entertainment, stock traders are rallying around its shares too.

Image source: Getty Images.

Now what

Esports Entertainment is an online gambling platform that focuses on the growing esports market. It has been spending a lot of time signing up various professional sports teams across all major

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