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. (RVLCF) announced record financial results for Q1 2022, achieving a betting handle of $40.2 million, up 273% year-over-year and 62% sequentially. Revenue reached $4.8 million, marking a 149% year-over-year increase. The company boasts a gross profit of $0.7 million and maintains a strong cash position with $30.1 million and no debt. The launch of operations in Ontario and Australia signals further growth opportunities. Management emphasizes ongoing growth momentum in a burgeoning market.
Rivalry Corp. (TSXV: RVLY; OTCQX: RVLCF) announced the upcoming release of its Q1 2022 financial results, scheduled for May 26, 2022. Management will hold a conference call at 10:00 am EDT that day to discuss the results. Investors can participate via dial-in or a live webcast available on the Company’s website. Rivalry operates in over 20 countries, focusing on esports and traditional sports betting, and holds various gaming licenses, including an Isle of Man license since 2018.
Rivalry Corp. (OTCQX: RVLCF) has launched its online esports and traditional sports betting services in Australia, following its recent entry into the Ontario market. This expansion comes after obtaining a sports bookmaker license from the Northern Territory Racing Commission, allowing operations across Australia. CEO Steven Salz emphasized the company's unique approach in appealing to Gen Z and young Millennials. Rivalry offers a comprehensive sports book and esports betting options, seeking to build brand equity through innovative campaigns while prioritizing community growth in the gaming sector.
Rivalry Corp. (OTCQX: RVLCF) reported significant growth in its financial results for FY 2021, with a total betting handle of $78.2 million, up 202% year-over-year, and revenue of $11.1 million, representing a 617% increase. The company achieved a record $40.2 million in betting handle for Q1 2022, a sequential rise of 62%. With $35.5 million in cash and no debt, Rivalry aims to expand its market presence and further innovate in esports betting. CEO Steven Salz expressed optimism about continued growth into 2022.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) announced the release of its fourth quarter and year-end 2021 financial results, scheduled for April 27, 2022, before TSXV trading. The company will host an investor conference call at 10:00 am EDT on the same day to discuss the results. Interested parties can dial in or access a live webcast through the company’s website. Rivalry operates in over 20 countries, focusing on esports and traditional sports betting, backed by licenses from the Isle of Man and Australia, with ongoing efforts to expand its regulatory coverage.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) launches its online esports and sports betting services in Ontario, marking a significant milestone for the company. With an estimated market size of $1 billion in Ontario, Rivalry aims for leadership among the next generation of sports bettors. The company boasts low customer acquisition costs due to high engagement, setting it apart from foreign competitors. A marketing campaign titled “Bet on Canada. Bet on Rivalry.” is underway, targeting local audiences. Rivalry operates in Canada and Australia, continuing its expansion in regulated markets globally.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) announced that its CEO, Steven Salz, will participate in the 2022 Virtual Growth Conference from March 28-30, 2022. Salz will join a panel on "iGaming & Sports Betting – Market Expansion Opportunities" on March 29 at 2:30 pm EDT, and deliver a corporate presentation accessible throughout the event. The conference will feature various industry executives discussing Biotech, Clean Energy, and more. Interested investors can register through M-Vest. Detailed event information can be found on Rivalry’s website.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) has introduced mobile esports betting, positioning itself as a pioneer in this rapidly expanding market. Gamers can now wager on popular mobile games like Free Fire and Call of Duty Mobile. With over 2.2 billion active mobile gamers globally, this segment is predicted to grow significantly, with mobile titles attracting millions of players. Rivalry aims to appeal to younger demographics by innovating ahead of traditional betting platforms, enhancing engagement through unique offerings.
Rivalry Corp. has received approval for its sports bookmaker license from the Northern Territory Racing Commission in Australia, allowing it to operate legally across the country. This marks a significant milestone as Australia becomes Rivalry's first fully regulated market. The company aims to connect with esports enthusiasts and leverage the strong sports betting culture in Australia. Rivalry plans to launch its products soon and continues to expand into selected regulated markets globally.
Rivalry Corp. (OTCQX: RVLCF) announced its registration as one of the first operators of internet gaming and sports betting in Ontario, as approved by the Alcohol and Gaming Commission of Ontario (AGCO). This milestone allows Rivalry to legally offer its innovative sports betting products in its home province. The Ontario online gaming market is set to launch on April 4, 2022, and Rivalry is collaborating with iGaming Ontario to finalize preparations. Founded in Toronto, Rivalry operates globally, holding an Isle of Man license and developing unique betting products.
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?
