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Rivalry Announces 2023 Annual Letter to Shareholders and Filing of 2023 Annual Financial Statements

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Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for Gen Z, is pleased to announce its 2023 annual letter to shareholders and the filing of its financial results for the three (3) and 12-month period ended December 31, 2023. All dollar figures are quoted in Canadian dollars.

2023 Annual Letter to Shareholders

To our Shareholders,

This time last year I spoke about Rivalry’s evolution from a market leader in esports to a diversified Company setting the standard for Gen Z betting entertainment broadly.

Today, we have a business with revenue distribution across casino, sports, and esports betting, growing market share in new geographies, with increased velocity in core regions, and the strongest customer KPIs in Rivalry’s history.

In 2023, Rivalry recorded $423.2 million in betting handle1, up 82% from the previous year. Similarly, gross gaming revenue2 and net revenue both saw 34% and 66% respective increases, while the introduction of higher margin products released in H2 such as Same Game Combos and Quick Combos are continuing to improve overall sportsbook hold and guide Rivalry closer to profitability.

Our deepened product suite now includes fantasy, additional sports coverage, and new proprietary casino games. All of which are uniquely driving growth among a targeted customer segment and widening our opportunity set in 2024 and beyond – from a 60% increase in traditional sports betting to a burgeoning B2B game vertical. The potential for how far our brand can go is just beginning to unfold.

The year ahead is rife with new, innovative product releases arriving in Q2 and continuing throughout 2024. We are doubling down on core growth opportunities in sports that resonate with our audience, such as basketball and soccer. Further, we are building on a successful casino segment which already represents 50% of our business, enhancing variety, depth, and accessibility, as well as developing new original games which blur the lines between betting and entertainment. We are in the process of additional geographic expansion, and pursuing new licenses to broaden our total addressable market, positioning Rivalry to own the Gen Z gambling opportunity globally.

While Rivalry’s operations have expanded into new high-growth verticals, our north star has remained the same: to define the future of online gambling for a generation born on the internet.

Online gambling in 2024 is radically different than it was just six years ago when Rivalry launched. In that time we’ve seen gaming and internet culture reshape how consumers engage with technology. That shift is broadening the definition of gambling, where product design is influenced by video games, or it exists fully embedded within social apps like Telegram, where content creators are the new affiliates, and much more.

Over the same period, the rise of cryptocurrency and blockchain technology has introduced a new level of speed, access, and security to web-based consumer experiences. Industry estimates now put crypto wagers at up to one quarter of global betting handle3, with 30% year-over-year growth in 20244, and showing no signs of slowing down.

The development of this ecosystem has commercially unlocked online gambling unlike anything since its first transition from land to online many years ago. It has brought in a new global audience, and enriched the customer experience from end-to-end.

Alongside the growth of this technology has emerged new methods of gambling, taking wallet share from more traditional forms at an accelerated rate. The shift in consumer behavior and the signal from our users is clear – interactive, volatile, and crypto-infused product experiences will set the precedent for how the next generation gambles online.

Rivalry, with a brand steeped in internet culture and living at the intersection of this digital economic renaissance, is well-positioned to access this growth opportunity. There is high overlap between Gen Z, gamers, gamblers, and a fast-growing audience of over 420 million crypto users worldwide5 organically aligned with our audience and brand. And we believe that more than half of this audience globally is already wagering with crypto.

It will be Rivalry’s ability to understand, implement, and adapt to this shift more rapidly than our peers that we expect to create first-mover advantages for us. It is for that reason that our vision is now bolder than ever for what’s possible in the online gambling category.

Soon, we will reveal plans for a crypto-enabled product set to enhance alignment between Rivalry and its users, increase network effects, and generally deliver a consumer experience that lives on the internet of 2024.

To that effect, the success of our first-party games and their ability to acquire and engage a captive audience of Gen Z bettors online has validated our original game development strategy amongst industry peers. This has unlocked a new commercial opportunity for Rivalry to license its IP, opening up another line of revenue for the business that has great potential for global scale.

The year ahead is poised to be one of our most ground-breaking, with a myriad of innovative product releases across all of Rivalry’s verticals, adding more dimension to our business, operations, and addressable audience, and building on our competitive moat as the market leader in Gen Z betting entertainment.

We look forward to sharing more details about these upcoming initiatives, the opportunities they will unlock for our Company, and delivering on our promise to create long-term shareholder value and reach profitability. Thank you all for your continued support.

Blueprint Gaming

Blueprint Gaming launches Yogi Bear™ – a picnic-packed adventure smarter than the average slot

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Blueprint Gaming has unveiled its latest branded release, Yogi Bear™, marking another milestone in the studio’s proven track record of delivering high-performing IP-led content.

Following the strong success of The Flintstones™, this new title brings the much-loved Hanna-Barbera character to the reels in a feature-packed slot that captures the charm and mischief of Jellystone Park’s smartest resident.

The launch further strengthens Blueprint’s position as a leader in branded slot experiences, demonstrating its ability to combine recognisable entertainment properties with the studio’s signature gameplay style.

Yogi Bear™ takes players on a light-hearted journey alongside Boo-Boo, Cindy Bear and Ranger Smith, with a focus on Money Collect and progressive rewards.

Cash prize symbols can be gathered through the Collect symbol mechanic, moving players along the picnic trail that unlocks new features and bonus rounds. The free spins mode adds even greater potential with increasing multipliers, while completing the trail grants access to the Power Play game for additional cash prizes. The action culminates with the Pic-A-Nic Payday feature, offering respins and multiple opportunities to accumulate further wins.

Yogi Bear™ continues Blueprint’s recent momentum in developing nostalgic, IP-driven titles that appeal to both long-time fans and new audiences. The game follows a line of successful collaborations with globally recognised brands, reinforcing the studio’s creative partnership strategy and expertise in licensed game production.

Jo Purvis, Director of Marketing, PR and Events, said:Yogi Bear™ is another brilliant example of how we breathe new life into cherished characters and worlds.

“The game captures everything players love about Yogi and the gang — the cheeky fun, the classic charm, and that sense of adventure — while delivering the engaging mechanics and feature depth Blueprint is known for. It’s a slot that’s truly smarter than the average bear.”

The post Blueprint Gaming launches Yogi Bear™ – a picnic-packed adventure smarter than the average slot appeared first on European Gaming Industry News.

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Static Nightmare Abyssways™ tunes fear into wins

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Play’n GO pulls a signal from the void with Static Nightmare Abyssways™, a 6-reel video slot where the TV snow crackles, cables creep, and a quiet cul-de-sac hums with bad intent. ABYSSWAYS™ Free Spins and an expanding reel window bring a creeping sense of discovery to every moment.

Something’s wrong in suburbia. CRTs hiss, floppy disks lie, and the kids are the only ones who notice. Static Nightmare Abyssways™ builds that retro-tech unease into its mechanics: Scatters stretch the screen and can trigger ABYSSWAYS™ Free Spins, while Wilds expand, shuffle and hold to keep the grid shifting. The result is gameplay that rewards tuning in and staying sharp.

Scatters aren’t just signals – they act as surge points, expanding reels up to six rows tall and unlocking more ways to connect. In Free Spins, marked symbols at the bottom drop away while a fresh row rises on top, mimicking interference clearing as the transmission strengthens. Base-game Wilds can grow when Scatters appear, while in Free Spins they stick, compress, and slide horizontally between spins – slipping into new positions to keep the signal strong.

The look of the game is just as distinctive as its features. A neon-soaked cul-de-sac under a sickly green glow sets the scene, with cassette players, glitch-rimmed terminals, and the town’s teen sleuths pulsing on screen. The aesthetic pulls players deep into its eerie fiction, making every reel change feel like part of the story.

Magnus Wallentin, Games Ambassador at Play’n GO, said: “Static Nightmare Abyssways™ taps into that late-night channel-surfing dread, then turns it into momentum. Expanding reels, ABYSSWAYS™ Free Spins and those restless Wilds keep the signal alive – once you lock on, it’s hard to look away.”

With atmosphere thick as static and mechanics that move with purpose, Static Nightmare Abyssways™ delivers a slot that players won’t soon forget.

The post Static Nightmare Abyssways™ tunes fear into wins appeared first on European Gaming Industry News.

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Amusnet

Amusnet Donates a New RFID System to Sofia Library

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In the heart of Sofia, on Slaveykov Square, there is a place where generations have sought and found knowledge, inspiration and silence — the Sofia Library. For almost a century, it has been a magnetic centre for everyone eager to learn and explore.

On its 97th anniversary, the library took another step forward from tradition to the future. Its doors now open not only to the world of literature but also to the digital era, thanks to a new RFID system donated by the Bulgarian software company Amusnet.

The system, installed at the library’s main entrance, enhances security by preventing the unauthorised removal of valuable editions. Yet its importance goes far beyond that. It lays the foundation for the complete modernisation of the processes within this 97-year-old institution.

“The Sofia City Library is part of the cultural memory of our city. We are honored to contribute to its digital transformation so it can continue to inspire generations to come,” said representative of Amusnet.

Radio Frequency Identification (RFID) is a technology that enables contactless recognition and tracking of objects. In libraries, it is applied through microchip tags placed on each book. Unlike traditional barcodes, RFID can read and record information regardless of the tag’s position, surrounding environment or visibility. This allows for faster processing, automated sorting and inventory checks without the need to remove books from the shelves.

Readers can now easily borrow and return books independently, while librarians can focus on what matters most — the connection between people and knowledge.

Welcoming thousands of visitors each month, the Sofia Library continues to evolve. The introduction of RFID technology marks a new beginning which bridges tradition and innovation.

The post Amusnet Donates a New RFID System to Sofia Library appeared first on European Gaming Industry News.

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