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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., 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.
Rivalry Corp. reported significant financial growth for Q3 2022, with a record betting handle of $70.3 million, a 203% year-over-year increase. Revenue reached $7.1 million, growing 93% year-over-year and marking the highest revenue in any quarter. In October, the company achieved its first profitable month, with a betting handle of $37.2 million and revenue of $4.5 million, reflecting a 501% year-over-year increase. With a strong cash position of $23 million and no debt, Rivalry aims for continued growth in esports and casino offerings.
Rivalry Corp. (RVLCF) is set to release its third quarter 2022 financial results on November 29, 2022, before market opening. Management plans an investor conference call at 10:00 am EST the same day to discuss the results. In addition, the Company will amend the exercise price of 1,737,283 incentive stock options from a range of $1.35 to $3.31 to $0.81 per share, aiming to support employee retention. The amendments require shareholder and regulatory approval.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) announced its upcoming release of third quarter 2022 financial results, scheduled for November 29, 2022, before the TSXV market opens. The company will hold an investor conference call at 10:00 AM EST the same day to discuss the results. Rivalry, based in Toronto, is a regulated sports betting and media company operating globally in over 20 countries. It offers online wagering on esports, sports, and casino games, with an Isle of Man license since 2018.
Rivalry Corp. (RVLCF) has launched Casino.exe, its proprietary interactive casino platform, expanding its offerings with four new games: Penalty Shootout, Bomb Squad, Wheel of Time, and Courier Sweeper. This initiative aims to cater to a younger audience and reduce seasonality in esports. The successful debut of Aviator, contributing over 10% of Q3 revenue, positions Rivalry favorably for future growth. Upcoming expansions include launching in new markets and developing additional in-house casino games.
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