Rivalry Stock Price, News & Analysis

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 The conference will be accessible via a webcast link, and an archived version will be available post-event.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.

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.