Welcome to our dedicated page for RIVALRY news (Ticker: RVLCF), a resource for investors and traders seeking the latest updates and insights on RIVALRY stock.
RIVALRY CORP (RVLCF) is a leading company in the online gambling industry, known for its innovative approach to betting and gaming. The company has achieved record Q3 results with reduced marketing spend and flattened operating expenses, demonstrating strong customer KPIs. With a recent $14M capital infusion, RIVALRY is poised for accelerated growth. The company's focus on product diversification in FY23 has expanded its market reach and solidified its position as a Gen Z market leader. By adopting Web3 technology, RIVALRY aims to capture the high-value crypto gambling market share and enhance its product-market fit among digitally native users.
Rivalry Corp. announced the participation of Co-founder and CEO Steven Salz in the OTC Markets Virtual Investor Conference scheduled for April 26, 2023. The conference will showcase presentations from leading executives in the iGaming, entertainment, and esports sectors.
Scheduled for 12:00 pm EDT, Salz's presentation will include a live Q&A session, allowing investors to engage in real time. The conference will be accessible via a webcast link, and an archived version will be available post-event. Attendees are encouraged to pre-register to facilitate participation.
Rivalry is an internationally regulated sports betting and media company, focusing on online wagering on esports and traditional sports, operating globally with licenses in multiple jurisdictions.
Rivalry Corp., an international sports betting and media company, announced its fourth quarter and year-end 2022 financial results will be released on April 26, 2023, before the start of TSXV trading. Management will host a conference call at 10:00 am EDT that same day to discuss these results. Interested parties can join via a toll-free dial-in number or access a live webcast on the company’s website. Rivalry operates globally, providing regulated online wagering on esports and traditional sports, with an Isle of Man license and additional licenses in Australia and Ontario. The company has developed unique products such as Quest and its proprietary casino game, Rushlane. Forward-looking statements within the release caution that actual results may differ due to various risks and uncertainties.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) has launched its new interactive casino platform, Casino.exe, in Ontario, featuring 8 casino games. This launch follows the success of their casino offerings, which contributed 30% of betting handle and 15% of revenue in Q3 2022 with minimal marketing. CEO Steven Salz emphasized the strategic focus on user experience and product innovation. The Ontario gaming market is currently experiencing rapid growth, and Rivalry plans to introduce a mobile app to enhance its market presence.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) announces that Billy Levy, EVP of Corporate Development, will present at the iGaming NEXT New York City 2023 Conference on March 8, 2023. He will participate in a panel discussion titled “Esports: A disconnect of future possibilities and the present-day reality?”, addressing current trends in esports betting. The conference will host over 650 executives from leading firms such as BetMGM and FanDuel. Rivalry operates globally in the sports betting and media sector, holding licenses in multiple jurisdictions.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) announced its participation in the A.G.P. Virtual Emerging Growth Technology Conference on February 16, 2023. Co-founder and CEO Steven Salz will hold one-on-one meetings with investors, discussing Rivalry’s unique market strategy in gaming, focusing on acquiring next-generation sports bettors and the esports betting opportunity.
Founded in Toronto, Rivalry operates globally in over 20 countries, holding an Isle of Man license since 2018. The company offers regulated online wagering on esports and traditional sports and has developed original gaming products like Rushlane. Rivalry continues to pursue additional country licenses for regulated gaming.
Rivalry Corp. (TSXV: RVLY; OTCQX: RVLCF) announced the addition of eight new casino games, including Roulette, Blackjack, and Baccarat, to its Casino.exe platform. This expansion aims to enhance user engagement and revenue streams, reducing the effects of seasonality in sports betting. Since its initial foray into the casino market, Rivalry has seen significant contributions from its offerings—30% of betting handle and 15% of revenue in Q3 2022 with minimal marketing efforts. The games will be available online under the Company's Isle of Man license, with plans for future launches in Ontario.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) reported a significant operational performance in 2022, achieving triple-digit year-over-year growth in both revenue and betting handle. The company's year-to-date betting handle rose 181% to $186 million, while revenue increased by 130% to $21.7 million in Q3 2022. Notably, Rivalry achieved its first profitable month in October 2022, and reduced promotional spending by over 50%. The company plans to enhance its product offerings and geographic reach in 2023, aiming for sustained profitability and stronger market positioning in esports betting. Rivalry is focused on engaging younger demographics, with 82% of its active users under 30 years old.
FAQ
What is the current stock price of RIVALRY (RVLCF)?
What is the market cap of RIVALRY (RVLCF)?
What sets RIVALRY CORP apart in the online gambling industry?
How has RIVALRY performed in Q3?
What recent capital infusion has RIVALRY received?
What market segment has RIVALRY expanded into in FY23?
What technology has RIVALRY adopted to capture the crypto gambling market share?
How does RIVALRY define 'Betting Handle' or 'Handle'?
What is RIVALRY's approach to marketing and operating expenses?
What is the focus of RIVALRY in FY23?
What is the significance of RIVALRY's recent financial performance?
How does RIVALRY aim to appeal to digitally native users?
What are RIVALRY's key financial metrics?
What industry trends have influenced RIVALRY's strategy?
What is RIVALRY's focus in its operations and product development?
How does RIVALRY aim to differentiate itself from competitors?
What is the outlook for RIVALRY in terms of growth and market positioning?
How does RIVALRY align its business strategy with current market trends?
