Sports Entertainment Gaming to correct 2023, 2024 and 2025 financial statements for overstated revenue
SEGG•Sports Entertainment Gaming Global said it will correct its 2023, 2024 and 2025 financial statements because revenue was overstated. The amended statements will lower amortization, eliminate impairment and reduce losses, while decreasing goodwill, intangible assets and total assets.
1. Financial statement corrections
Sports Entertainment Gaming Global said in an SEC filing it will correct its financial statements for 2023, 2024 and 2025 due to overstated revenue. The amended financials will lower amortization, eliminate impairment and reduce losses; the corrections will also decrease goodwill, intangible assets and total assets for those years.
