Rivalry Stock Price, News & Analysis

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.

Rivalry Corp. (OTCQX: RVLCF) is set to launch internet gaming in Ontario on April 4th, 2022, following support from iGaming Ontario. The company has actively engaged in the licensing process and submitted its application to the Alcohol and Gaming Commission of Ontario (AGCO). Rivalry aims to provide a safe, regulated gaming environment, enhancing consumer choice in a competitive market. The company currently operates globally, holding an Isle of Man license and innovative gaming products like Massively Multiplayer Online Gambling Games (MMOGG).

Rivalry Corp. announced that its subordinate voting shares will start trading under the symbol RVLCF on the OTCQX Best Market as of January 25, 2022. This key milestone is expected to enhance liquidity and facilitate trading for U.S. investors. The shares are now eligible for electronic clearing and settlement via the DTC, which could broaden the Company’s shareholder base. Rivalry operates in the global sports betting market with a focus on engaging Millennials and Generation Z, supported by a variety of unique products including esports and casino games.