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. (TSXV: RVLY; OTCQX: RVLCF) has achieved RG Check Accreditation from the Responsible Gambling Council, marking a significant commitment to responsible gambling. This accreditation, a requirement for iGaming operators in Ontario, recognizes Rivalry's proactive measures to ensure a safe gaming environment for customers. CEO Steven Salz emphasized that this accreditation distinguishes Rivalry in the competitive market by fostering trust and transparency. The company is dedicated to educating players about gambling risks and intends to leverage this accreditation as part of its growth strategy.
Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) has updated the timing for its inaugural Virtual Investor Day to October 12, 2022, at 10:00 am EDT. The event will feature leadership presentations on the company's growth, strategies, and planned initiatives for future expansion. Participants can register for the live webcast or dial in for a Q&A session. Rivalry operates a fully regulated online sports betting platform with licenses in various jurisdictions, including the Isle of Man, Australia, and Ontario.
Rivalry Corp. (RVLCF) has announced a Virtual Investor Day scheduled for October 6, 2022, at 10:00 am EDT, marking one year since its public listing. The event aims to provide insights into the company's growth over the past year, key strategies, and future initiatives. The session will last approximately 1.5 to 2 hours and will feature presentations from the leadership team. Participants can register for the listen-only webcast on Rivalry's website, and a replay will be available afterward for one year.
Rivalry Corp. (TSXV: RVLY; OTCQX: RVLCF) is expanding its product portfolio to include online casino gaming, starting with the launch of Aviator, a popular game available under its Isle of Man license. This move aims to tap into the lucrative casino segment, one of the largest for online betting companies, offering new revenue growth opportunities. Rivalry expects this addition to enhance customer engagement and provide stability throughout the year, complementing its esports and sports betting offerings.
Rivalry Corp. reported significant financial growth for Q2 2022, with betting handle reaching $38.4 million, up 98% year-over-year. Revenue hit a record $5.3 million, representing a 60% increase from Q2 2021 and 11% sequential growth. Gross profit rose to $2.1 million, marking a 206% year-over-year increase. The company maintains a strong cash position of $27.8 million with no debt. Momentum continued into Q3, with record betting handle of $23.4 million in July.
Rivalry Corp. (OTCQX: RVLCF) announced its Q2 2022 financial results will be released on August 25, 2022, before TSXV trading starts. A conference call is scheduled for the same day at 10:00 am EDT to discuss the results. Rivalry, based in Toronto, operates globally in the sports betting and media industry, offering regulated online wagering on esports and traditional sports. The company has licenses in several jurisdictions, including the Isle of Man and Australia, and is expanding its market presence through original gaming products.
Rivalry Corp. (OTCQX: RVLCF) held its annual general and special meeting on June 28, 2022, where all director nominees were elected, including Steven Salz and Kirstine Stewart. Shareholders approved the re-appointment of auditors Macias Gini & O’Connell LLP and authorized the board to set their remuneration. Additionally, amendments to the Equity Incentive Plan were approved. Rivalry operates a regulated online sports betting platform and is expanding its licensing globally, with existing licenses in Australia and Ontario.
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.
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