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React Gaming Group Inc. has announced its qualification to trade on the OTCQB Venture Market in the U.S., upgrading from the Pink market. Starting today, shares will be traded under the symbol ITMZF, expanding access for U.S. investors. CEO Leigh Hughes noted this move is crucial for their growth strategy, particularly as many esports and iGaming opportunities are tied to the U.S. market. The OTCQB's elevated standards are expected to enhance investor confidence and visibility for the Corporation.
React Gaming Group Inc. (OTCMKTS: ITMZF) updates on its subsidiary, Parabellum Esports, in the Rainbow 6 North American League. Parabellum's men's team ranks 6th after successful matches in their first year, bolstered by top players like Alexandre “Blaz” Thomas. The women's team also excelled, reaching the top 4 in Brazil's “Ela Faz o Game” tournament. In a notable achievement, Parabellum secured its first paid sponsorship from Shakepay, enhancing brand visibility. The company aims to continue building competitive esports teams to further market its ecosystem.
React Gaming Group (OTCMKTS: ITMZF) announces its esports tournament platform, Compete.gg, has integrated Riot Games' API, enabling it to offer League of Legends tournaments. This integration enhances user experience through accurate player data, seamless stats tracking, and multiplayer modes, reflecting the company's commitment to a user-centric platform. CEO Ty Root highlights a surge in registered users and social media followers since rebranding. The esports market is projected to reach $12.5 billion by 2030, indicating growth potential for Compete.gg.
React Gaming Group (OTCMKTS: ITMZF) announced a partnership between its subsidiary LOOT.BET and Oddin.gg, a leading esports odds provider. The arrangement aims to enhance LOOT.BET's online betting capabilities, potentially boosting consumer engagement and operational margins. Oddin.gg is noted for its high uptime and quality odds feeds, essential for competitive esports betting. Additionally, the company accepted the resignation of director Marc Brassard. This partnership signifies a strategic move in strengthening LOOT.BET's position in the global esports betting market.
React Gaming announced the appointment of Leigh Hughes as Interim CEO, replacing Laurent Benezra, who transitions to a consultancy role. This leadership change aims to enhance the company's operational performance and expand its esports betting platform, LOOT.BET, into new markets. Hughes brings over 20 years of experience in private and public sectors, enhancing React Gaming’s growth strategy. The company also corrected its private placement finders’ fees to $322,695.28 and issued stock options for 1,600,000 shares at $0.14.
Intema Solutions (ITMZF) has signed a Letter of Intent to acquire 100% of Livestream Gaming, an esports betting platform based in Belize. The acquisition is valued at $14.75 million, comprising $8 million in cash, $4 million as a secured note, and $2.75 million in common shares. Livestream's subsidiary, LOOT.BET, reported gross gaming revenue of CND $4.8 million and a betting handle of CND $92.2 million in 2020. The deal aims to enhance Intema's presence in the esports and iGaming sectors, expected to grow significantly in the coming years.
On April 22, 2021, Intema Solutions (TSXV: ITM) (OTCMKTS: ITMZF) announced the acquisition of TheSMACK.gg, an e-sports branding and marketing agency. This move complements their recent acquisitions in advertising and e-sports tournaments, enhancing their portfolio in the online gaming sector. TheSMACK.gg provides branding, digital advertising, event management, influencer engagement, and content creation services. Intema's CEO, Laurent Benezra, emphasized that this acquisition fills critical gaps in their business plan and positions them for growth within the burgeoning e-sports industry.
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