Rivalry Expands Casino Offering with Entry into Slots Category
10 October 2023 - 10:00PM
Rivalry Corp. (the “
Company” or
“
Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK),
the leading sportsbook and iGaming operator for Millennials and Gen
Z, today released a custom-branded slots category on its
interactive casino platform, Casino.exe.
“Rivalry’s entry into the casino segment last
year has quickly grown into a meaningful source of player activity
and revenue,” said Steven Salz, Co-Founder and CEO, Rivalry. “Slots
are far-and-away one of the most popular online casino genres and
will markedly complement our existing iGaming offering in terms of
both betting handle and player satisfaction. We’ve also maintained
our high product standard by uniquely incorporating slots into our
proprietary Casino.exe platform, which will allow us to continue
scaling our iGaming catalog without compromising the premium
experiences that users come to Rivalry for.”
The release will add more than two dozen
slot-style games to Rivalry’s fast-growing casino offering, which
generated C$57.5 million in betting handle in Q2 2023. The addition
of slots will support greater capture and retention of the iGaming
audience, which is estimated to be approximately 14% larger than
online sports betting on a global basis.
Rivalry Slots leans into early-2000's internet
nostalgia to further differentiate the Company's product experience
and enhance iGaming audience capture and retention.
Rivalry Slots features its own custom-branded
page within Casino.exe, leaning into early-2000’s internet design
to present games to users in a unique and relevant visual
environment. The slots page includes several interactive elements
and Easter eggs intended to surprise and delight users as well as
differentiate Rivalry’s overarching product suite by weaving
entertainment into the betting experience.
“Our product philosophy is at its core about
creating fundamentally entertaining experiences,” said David King,
Director of Product Design, Rivalry. “Rivalry Slots delivers that
entertainment factor by wrapping an ordinary product in design
nostalgia to not only be relevant to a young Millennial or Gen Z
customer, but also strategically differentiate our offering from
the countless other online casinos players have to choose
from.”
Rivalry’s slots category is available today in
most of its international markets and will be released in Ontario
in the coming weeks.
About RivalryRivalry Corp.
wholly owns and operates Rivalry Limited, a leading sport betting
and media company offering fully regulated online wagering on
esports, traditional sports, and casino for the next generation of
fans. Based in Toronto, Rivalry operates a global team in more than
20 countries and growing. Rivalry Limited has held an Isle of Man
license since 2018, considered one of the premier online gambling
jurisdictions. Rivalry also holds a sports bookmaker license in
Australia and an internet gaming registration in Ontario, and is
currently in the process of obtaining additional country licenses.
Rivalry’s sportsbook is built on a proprietary tech stack and
features a variety of originally developed products geared for
Millennial and Gen Z fans including Same Game Combos, an esports
parlay product, original casino games, and an interactive casino
platform, Casino.exe.
Company Contact:Steven Salz,
Co-founder & CEOss@rivalry.com416-565-4713
Investor Contact:Oakstrom
AdvisorsJeff Codispodiinvestors@rivalry.com
Media Contact: Cody Luongo, PR
& Communicationscody@rivalry.com203-947-1936
Cautionary Note Regarding
Forward-Looking Information and Statements
This news release contains certain
forward-looking information within the meaning of applicable
Canadian securities laws (“forward-looking statements”). All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
“anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”,
“objective”, “continuous”, “ongoing”, “estimate”, “outlook”,
“expect”, “project” and similar words, including negatives thereof,
suggesting future outcomes or that certain events or conditions
“may” or “will” occur. These statements are only predictions.
Forward-looking statements are based on the
opinions and estimates of management of the Company at the date the
statements are made based on information then available to the
Company. Various factors and assumptions are applied in drawing
conclusions or making the forecasts or projections set out in
forward-looking statements. Forward-looking statements are subject
to and involve a number of known and unknown, variables, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause the Company’s actual performance and results to
differ materially from any projections of future performance or
results expressed or implied by such forward-looking statements.
Such factors, among other things, include regulatory or political
change such as changes in applicable laws and regulations; the
ability to obtain and maintain required licenses; the esports and
sports betting industry being a heavily regulated industry; the
complex and evolving regulatory environment for the online gaming
and online gambling industry; the success of esports and other
betting products are not guaranteed; changes in public perception
of the esports and online gambling industry; failure to retain or
add customers; the Company having a limited operating history;
negative cash flow from operations; operational risks;
cybersecurity risks; reliance on management; reliance on third
parties and third-party networks; exchange rate risks; risks
related to cryptocurrency transactions; risk of intellectual
property infringement or invalid claims; the effect of capital
market conditions and other factors on capital availability;
competition, including from more established or better financed
competitors; and general economic, market and business conditions.
For additional risks, please see the Company’s annual information
form for the year ended December 31, 2022 and other disclosure
documents available on SEDAR+ at www.sedarplus.ca.
No assurance can be given that the expectations
reflected in forward-looking statements will prove to be correct.
Although the forward-looking statements contained in this news
release are based upon what management of the Company believes, or
believed at the time, to be reasonable assumptions, the Company
cannot assure shareholders that actual results will be consistent
with such forward-looking statements, as there may be other factors
that cause results not to be as anticipated, estimated or intended.
Readers should not place undue reliance on the forward-looking
statements and information contained in this news release. The
forward-looking information and forward-looking statements
contained in this press release are made as of the date of this
press release, and the Company does not undertake to update any
forward-looking information and/or forward-looking statements that
are contained or referenced herein, except in accordance with
applicable securities laws.
No stock exchange, securities commission or
other regulatory authority has approved or disapproved the
information contained herein.
Source: Rivalry Corp.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9e3dad5c-c667-4aaf-aa50-9cc00592f999
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