Millennial Esports will open new market opportunities via Spectrum Gaming alliance

Millennial Esports Corp. announced today that the Company is to act as the operations and projects execution partner for synergistic projects that are sourced and developed by Spectrum Esports Advisors, a new strategic alliance between Spectrum Gaming Sports Group and Millennial Esports' Executive Chairman Alex Igelman.

"The Spectrum Gaming Sports Group has been a leader in the gaming consulting space for many years now and considering the prevalence and growth of esports, this is a natural progression for them," Igelman said. "With my 25-plus years in the gaming industry and the past five years focused on esports, I intend to leverage that unique viewpoint to provide another opportunity to build and utilize Millennial Esports' infrastructure and brand."

Working with Igelman will be Josh Faber, a widely recognized expert in pari-mutuel wagering and government affairs. Services that SEA will offer include market analysis, regulatory advisory services, advising on the development of tournaments and sports arenas, and the creation of competitive head-to-head platforms.

"Esports - and its potential to attract different demographic groups - will play a critical role in gaming's future, and needs to be on the agenda for policymakers, operators, and others who are charting that future," said Michael Pollock, managing director of Spectrum Gaming Group and a principal in SG [2].

"With esports of growing interest to casino operators, gaming suppliers, lotteries, and gaming regulators, I believe Millennial Esports is uniquely positioned as an industry leader to aid in the operations and logistical implementation of key esports initiatives in gaming," Igelman added.

SG [2]'s global team is presently working with governmental agencies, professional sports leagues, tribal and commercial casino operators, as well as sports-betting providers and other stakeholders to help them identify the opportunities and challenges presented by the ongoing expansion of sports betting across the United States, including esports.

Millennial Esports, which has operated and hosted thousands of online and LAN-based tournaments, is a pioneer in Esports in Las Vegas, having opened the entertainment mecca's first purpose-built esports arena and studio in 2015.

"We see the potential from this alliance and are excited about the potential to use our knowledge, our intellectual property, and leadership position to help grow Esports throughout the world," noted Steve Shoemaker, Chief Executive Officer of Millennial Esports.

Other Matters

The 5,000,000 stock options granted to Stephen Shoemaker which were previously announced have an exercise price of $0.14 for seven years from the date of the grant. In addition, 1,000,000 stock options granted to Alex Igelman on January 12, 2018, 500,000 stock options granted to Ronald Spoehel on November 16, 2017 and 250,000 stock options granted to Seth Schorr on January 12, 2018 were cancelled, while Ronald Spoehel and Seth Schorr also exercised 750,000 and 500,000 options, respectively.