In a press release from this week, leading sports betting and media brand, Rivalry Corp. announced that it will be represented at the Canadian Gaming Summit. During this year’s edition of the conference, the company’s Co-founder and CEO Steven Salz, and Director of Product Design, David King will both share their expertise and discuss various topics.
Rivalry Corp owns Rivalry Limited which is a prominent sports wagering and media company that provides fully regulated online betting on esports, traditional sports, and online casinos for the next generation of players. It operates in more than 20 countries while holding the Isle of Man license since 2018 and an online gaming license for Ontario’s regulated market.
- Representing the Company at CGS
This year’s running of the prestigious Canadian Gaming Summit will be held on June 14, 2023, in Toronto, Ontario. The operator’s CEO is set to lead a session called “Building brand equity and customer loyalty in sports betting through content, creators, and internet culture.” It will cover the company’s marketing strategies to acquire and engage a fleeting customer base and more.
Meanwhile, his colleague, Mr. King will gather with other industry representatives in a panel branded “Game mechanics and UX – how much innovation is healthy for online casino.” He will be accompanied by Caesars Digital and BetMGM representatives, and the panel will probe into the opportunities to innovate design and player experience in iCasino using motifs from the video game sector.
It should be mentioned that the CGS is Canada’s leading conference for iGaming and sports betting. It draws over 2,000 casino, sports wagering, payments, technology and investment industry stakeholders from premier companies from all around the world. This includes the highly popular FanDuel, DraftKings, bet365, Better Collective, PayPal, Catena Media, Entain, Rush Street Interactive, and more.
*Q1 Report and More
In the meantime, Rivalry is reaping the rewards of its expansion efforts from the last several years. This became evident with the release of its Q1 2023 report, which confirmed a total betting handle of CA$120.2 million. The company also clocked in CA$12 million in profits and gross gaming revenue of CA$5.4 million which was 698% higher than the previous year’s quarter.
the operator attributes the financial growth to the doubling of registered users on its online sports betting platform from Q1 2022. It should be mentioned that the firm is focused on Millennial and Gen Z audiences as they make up 97% of its user base. In comparison to Q4 of 2022, the company hauled a revenue rise of 27% meanwhile net loss was reduced from CA$6.6 million to CA$3.3 million.
Last week, the Ontario-based firm made another important announcement as it launched its mobile esports betting app in the province. With a focus on popular games, the leading iGaming brand targets Millennial and Gen Z consumers. The global eSports betting market is valued at $9.7 billion, projected to reach CA$24 billion by 2028