Thank you. Welcome, everyone. Thank you for joining us for our fiscal fourth quarter earnings call. I am very proud of how our team continues to exceed execute on our results for both the quarter, as well as the full, and the full year reflect that. In the past year, we've grown from less than 50 employees to over 250.
Our revenue base has scaled alongside with that.
Our fiscal Q4 revenue increasing 63% quarter-over-quarter to $8.8 million. We're expecting to show even stronger rate of growth this fiscal quarter of 2022, as we digest our recent acquisitions.
In addition, that strong revenue growth, we continue to make significant strides in our goal to build the world's best Esports Entertainment online gambling company.
As those of you who follow the company know, we break the business into two divisions, EEG iGaming and EEG Games. I’ll walk through some of the operational highlights for each division, and then pass the line to Dan, to go into further details on the numbers. Starting with our iGaming, our strategy is to build the best-in-class eSports betting platform before casino sportsbook functionality. On July 14, we completed the acquisition of BetHard, a rapidly growing B2C traditional sports betting operator.
In addition to generating over $30 million in revenue, BetHard brings with it both the Swedish and the Spanish license. Well, it's still early days, we've made significant progress in integrating Lucky Dino and BetHard into our existing SportNation by infrastructure.
We expect to recognize meaningful revenue synergies as we expand our cross-sell efforts across our brands.
In addition to the acquisitions, we've made significant strides growing our brands organically. In August, we launched the new pay and play casino brand in Finland called Fiksukasino. Pay and play is a rapidly growing concept in the online gambling industry. That allows the player to bypass the onerous registration processes, enabling safe and reliable play without delay. This is a feature that many of our players and affiliates have been asking for, and our team was able to deliver. Since the launch, the brand has significantly exceeded our internal expectations.
Turning focus to VIE, our flagship eSports betting brand, we continue to make exciting progress here. Much of our current marketing today has been spent in Latin America, which is the third largest eSports market globally, growing more than 17% annually.
So far, we’ve signed up marketing agreements with Infamous Gaming, Peru's second largest eSports organization, Movistar Liga Pro gaming league, SG Esports, a Brazilian eSports organization.
We are particularly excited with the SG sponsorship as their Dota 2 team with on the Vie logo as a primary jersey sponsor during the international in October, one of the most viewed eSports tournaments of the year. This is in addition, of course to the Harris Blitzer’s men's CS-GO team under the Dignitas brand.
Moving to our North American efforts, which we expect to be a big growth area for Vie and for the company. I'd like to give you an update, which is a question that comes up frequently to our New Jersey license application. We're now in the final stages of what has been a long process. The pandemic was definitely a factor and the length of time it took us to get to this point, as the process of document gathering was at times challenging.
Our software has been submitted to the Digilab [ph], which is currently in the ethical audit process. Based on our successful mock audits with the testing lab, we do not anticipate any issues here. Once the testing has been completed, we're able to apply for our transactional waiver and begin making a market for eSports wagering in the state of New Jersey. In anticipation of our imminent launch, we opened our New Jersey office in Hoboken in September, and have begun scaling up staff in the state. With our New Jersey launch now on the horizon, we have our sights set on additional U.S. jurisdictions. Earlier this summer, two of our executives, our CFO, Dan Marks, and VP of Strategy and IR, Jeff Cohen, were invited to testify on behalf of the industry in the Ohio State Senate by Select Committee on gaming. In September, the state government of Ohio announced they were very committed to adding eSports to gambling framework as a priority, and this is in large part due to the presentations by these two gentlemen. Legislation is expected to be written and voted upon this fall, and we are confident that eSports including the state sports betting bill, we intend to apply and expect to receive a license in the state in 2022.
In addition to Ohio, we are in discussions with several other U.S. states, as well as the province of Ontario in Canada.
Turning now to the other divisions, EEG Games, in June, we completed the acquisition of ggCircuit and Helix. This has been a transformative transaction for us, bringing with us an excellent team and created a vertically integrated solution for Esports Entertainment. Because of the assets we bring to bear, we continue to attract interest from high profile organizations looking to enter the esports space. Since May, we signed exclusive agreements with the Cleveland Cavaliers, the LA Football Club, the LA Chargers, the New York Rangers, Indianapolis Colts, and the current Super Bowl champions, the Tampa Bay Buccaneers.
Additionally, we entered into a similar relationship with the Indian Gaming Esports Association, IGEA, which is the first ever tribal eSports organization to advance eSports adoption amongst tribal nations and casinos. These groups are partnering with us specifically, they've done extensive due diligence and recognize that our combined assets are best-in-class for these non-endemics looking to enter in the esports and gaming ecosystem.
In addition to the 13 teams we've already signed, we are in discussions with another 20 organizations that we expect to sign over the coming months. I'd like to take a minute and dig in as to how we monetize and all these exciting partnership, marketing partnerships. When we initially started signing these agreements, our plan was to monetize the relationships by charging players to play, in the tournaments we're running on behalf of the teams. Other revenues will be generated from sponsorship fees for brands wishing to target the highly coveted 18 to 35 gamer demographic.
However, in recent months, we've built a new customer facing platform that ties together all of our capabilities in the EEG games division, and add several new revenue streams including more targeted advertising, allowing smaller local brands access, e-commerce, subscriptions, pay-to-play, and of course, crypto. Occasionally, or additionally, sorry, we can also monetize through broadcasting our tournaments on Twitch and ESTD, which we signed a partnership with in late August. This newly integrated platform will also be the primary delivery method for LANduel, our player versus player skill based betting platform that we will be able to drive further details on this new platform in the coming weeks, as to the specific dates for the inaugural launch taking place later this fall in Atlantic City. Alongside this, we will begin running the large protein tournaments.
As we've communicated to our investors in the past, we plan to augment these digital relationships with physical installations of our Helix gaming centers in future.
So far, we've announced two new centers in North America, the first one will be at the Hall of Fame villages in Canton, Ohio, and the second in Los Angeles at UCLA in their Student Union Building.
We expect UCLA to open prior to the end of this year with all of them coming online in the first quarter of 2022.
Our plan is to open approximately one center a quarter for the next two years. And we are in discussions with several of the organizations the proteins referenced above, of the reference earlier about which potential locations these will be.
Lastly, I'd like to touch on ggCircuit, which is the infrastructure software that underpins our EEG Games division. The reminder to our investors, ggCircuit is a B2B operating system for land center management. The company currently has over 650 centers and over 15,000 screens in those centers on their network, which is up from 517 centers and 11,500 screens at the beginning of this calendar year. The development team has continued to improve the product offering for our customers. In May, we announced the rollout of a crypto mining solution that is a free add-on to the ggLeap subscribers. The crypto miner enables center owners to utilize computer power to mine for crypto, mainly ethereum today, the opt-in to the initiative with the click of a button. Since launch this initiative is substantially outperformed our expectations with over 300 centers across 58 countries, obtaining mine over a million ethereum since launch.
In addition to our crypto money operations, we also allow our partners to deposit withdraw of dry crypto from our wagering platform on Vie.bet.
We will be adding additional iGaming operations once the use of crypto is approved by the various gaming commissions. I'd like to give an update on various financing. I’d like to address some of the misinformation that's been promoted in stock chat groups regarding our financing and various tools at our disposal.
As we disclose back in the third quarter, we put a shelf in place for $100 million. And I actually in fact in February used $30 million of this vehicle to finance the purchase of Lucky Dino, which has a $30 million in revenues of approximately $5 million positive cash flow. This September, we liked an ATM into the shelf. This did not replace or add to the shelf. It simply gave us an ability to draw it down in small amounts of substantial cost savings. Today, we have no use of this vehicle. This has been misrepresented by certain groups with an agenda to negatively affect the share price. We believe as do all five of the analyst who cover us, the share price is well below where it should be based on comparable companies in the market.
As the largest single shareholder, my interests are in direct alignment with all the shareholders. To that end, we've been exploring many alternatives. One such alternative was our partnership with Game Fund, it’s a $300 million fund that’s dedicated to financing eSports and gaming gambling operations. Being a partner here, we receive benefits having clearly a relationship with large family source of capital is important, as well as receiving strategic information for partnerships with potential M&A activity.
We continue exploring negotiate other forms of capital, such as metaverse partners, which we'll be able to discuss in more detail shortly. I will now hand over the discussion to our CFO, Dan Marks, who is going to go through the numbers for you. Thank you. Dan?