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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.

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2RBO Affiliates Presents Betinia’s Football Manager Inspired by Diego Simeone: Build Your Football Career from Scratch

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In January 2026, Betinia partnered with Diego Simeone, appointing one of football’s most respected leaders as the brand’s official ambassador. This collaboration is built on a shared vision: discipline, strategy, and the drive for long-term success.

At the heart of this partnership is Betinia’s Football Manager—an exclusive game for those who want to take on the role of a football coach. Players build their football empire from scratch, taking full control of their club’s future. Inspired by the tactical genius of Diego Simeone, every move they make on the road to glory defines their legacy.

For partners, Football Manager is a major opportunity. Combining a world-class legend with a deep, engaging experience creates a powerful conversion tool. By offering players a seat at the manager’s desk, Betinia attracts a more loyal and active audience. This exclusive game is built to keep players coming back for more, driving steady, high-quality traffic to every partner portfolio.

Within the Football Manager, players progress through a five-tier career path, moving from Beginner to Amateur, Professional, World Class and ultimately Legend. By completing tactical challenges and making strategic choices, they unlock new levels packed with exclusive features and premium rewards.

Reflecting on the partnership and the vision behind the Football Manager, Diego Simeone commented:“No one gave me anything. I go for everything. I decided to do what I loved most. Effort and hard work made me a football player. Love and passion transformed me into a coach. Today I manage world-class football players and I continue doing what I love most.”

“Diego Simeone is a figure of instant recognition and authority, which translates directly into higher-intent traffic and stronger performance,” stated the 2RBO Affiliates Team. “Our goal is to help partners turn this partnership into measurable growth. By offering an experience that rewards loyalty and strategy, we are delivering a premium product that optimizes every conversion and builds the long-term value our partners demand.

Betinia also welcomes all new players with a generous sports bonus, providing the perfect head start—whether they’re building their team in Football Manager or betting on their favorite sports within the platform.

This football-led ecosystem is powered by 2RBO Affiliates, providing partners with access to a unique product built around progression, engagement, and long-term value — supported by transparent reporting, advanced tracking tools, and a no-negative-carryover policy.

With a globally recognised ambassador Dieago Simeone and the unique Football Manager experience, Betinia delivers a product built not just to attract attention, but for long-term loyalty.

About Betinia

Betinia is a sports betting and gaming brand built around a gamification-led player experience. The brand features a five-tier loyalty journey inspired by a sports career path, taking players from Beginner to Amateur, Professional, World Class and ultimately Legend.

About Diego Simeone

Diego Simeone is an Argentine professional football manager and former player, currently managing Atlético de Madrid. Known for his passion, intensity and tactical approach, Simeone has led Atlético to major domestic and European trophies and reached two UEFA Champions League finals. As a player, he earned 108 caps for Argentina and won two Copa América titles.

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Qzino: Redefining Crypto Gambling Through Profit-Sharing

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The global iGaming industry is undergoing one of the most profound transformations in its history. From land-based casinos to centralized online platforms, the market is now shifting toward blockchain-powered ecosystems that prioritize transparency, speed, and global accessibility. According to Statista and H2 Gambling Capital, global online gambling revenue exceeded $95 billion in 2024, with crypto-enabled platforms among the fastest-growing segments.

Despite this rapid evolution, the core business model of most online casinos remains unchanged: players generate value through their activity, while platforms retain nearly all long-term upside. Even within crypto iGaming, where decentralization is often highlighted, real economic participation for users is still rare.

Qzino enters the market with a fundamentally different philosophy. Rather than operating solely as a crypto casino, Qzino is designed as a profit-sharing iGaming ecosystem, where players, token holders, and affiliates directly participate in platform-generated revenue. This approach addresses one of the industry’s longest-standing trust issues — the disconnect between platform success and user benefit.

What Is Qzino?

Qzino is a next-generation crypto casino and gaming ecosystem built around ownership, transparency, and sustainable token economics. The platform provides access to more than 10,000 games, including slots, live casino titles, exclusive Qzino Originals, and blockchain-integrated house games. In addition, Qzino will offer sports betting, expanding the platform beyond classic casino formats and allowing users to engage with both traditional and crypto-native betting markets in one ecosystem.

However, Qzino’s true differentiation lies not in the size of its game library, but in how value flows through the platform.

At the center of the ecosystem is the QZI token, which functions not as a symbolic utility token, but as a real profit-sharing instrument. By holding QZI, users participate in the platform’s revenue — even when they’re not playing actively. This structure fundamentally changes the relationship between players and the casino, aligning long-term incentives instead of relying solely on wagering volume.

A Simple Explanation of Qzino’s Profit-Sharing Model

Traditional casinos earn when players lose. Qzino operates differently.

Qzino distributes 30% of its Net Gaming Revenue (NGR) directly to the community. This means that a significant portion of the platform’s profits is shared with QZI token holders on a daily basis. Even on days when you don’t place bets, simply holding QZI allows you to earn from the overall performance of the platform.

In addition to profit sharing, 3% of the staking pool is distributed daily to QZI token holders, creating an additional layer of passive income. This makes QZI not just a speculative asset, but a revenue-generating token tied to real platform activity.

In simple terms:

  • The platform earns revenue from gameplay.
  • A fixed share of that revenue is redistributed.
  • Token holders benefit from growth — regardless of individual betting behavior.

Cashback and Rakeback: One of Qzino’s Strongest Value Propositions

Beyond profit sharing and staking, Qzino introduces one of the most competitive cashback and rakeback systems in the crypto iGaming market.

The Qzino VIP Club is built with a single mission: to reward loyalty with real, tangible value. Players can receive:

  • Cashback of up to 40%, paid twice a week with no limits
  • Rakeback of up to 15%, automatically applied to every bet

Whether a user is a high roller or a consistent long-term player, activity on the platform translates into measurable crypto rewards. This system significantly reduces volatility for players and reinforces Qzino’s focus on sustainability rather than short-term extraction.

Built-In Mining From Day One

From launch, Qzino features an integrated mining mechanism that allows users to start earning immediately — even before profit-sharing, token rewards, and lottery mechanics go live. Mining is seamlessly embedded into platform activity and gameplay, requiring no hardware or technical setup. This ensures a fair, community-driven distribution of QZI tokens and rewards early participants for active engagement, allowing users to build their token position ahead of staking and long-term profit-sharing.

Security, Transparency, and Trust

Security and trust remain central challenges in iGaming. Qzino employs enterprise-grade encryption alongside blockchain-based transaction infrastructure to ensure data protection and financial integrity. On-chain mechanisms allow transparent tracking of reward distribution, while provably fair systems reinforce confidence in gameplay outcomes.

By minimizing opaque internal processes and maximizing verifiable mechanisms, Qzino addresses one of the industry’s most persistent concerns: whether players can truly trust the platform they are engaging with.

Affiliate Program and Revenue Sharing at Scale

Qzino extends its profit-sharing philosophy to affiliates. The affiliate program offers up to 35% lifetime revenue share, allowing partners to earn from referred users indefinitely. Sub-affiliate structures and transparent analytics further support scalable, long-term growth.

Instead of relying on short-term CPA models, Qzino positions affiliates as ecosystem partners whose success is directly tied to platform performance. This approach reflects a broader shift in iGaming toward sustainable, relationship-driven growth.

A New Category in Web3 iGaming

Qzino represents more than another crypto casino. It introduces a new category within Web3 iGaming — one where entertainment and ownership converge.

By redistributing 30% of platform profits, providing industry-leading cashback and rakeback, and expanding into sports betting, Qzino challenges the traditional casino model at a structural level.

As the global iGaming market continues to grow, platforms that align incentives, prioritize transparency, and offer real economic participation are likely to define the industry’s next phase. Qzino is positioned as a long-term profit-sharing ecosystem built for that future.

For more information about Qzino, visit www.qzino.com.

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Qzino Affiliate Program: Daily Profit Sharing, Tokenized Rewards, and Lifetime Revenue

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The Crypto iGaming Affiliate Model Is Evolving — and Qzino Is Ahead of the Curve

The crypto iGaming affiliate space is undergoing a major transformation. Short-term commission deals and volume-only incentives are being replaced by long-term, ownership-driven partnerships.

Affiliates today want more than fast payouts. They’re looking for transparency, sustainability, and a direct stake in the platforms they help grow.

The Qzino Affiliate Program is built for this new era — combining daily profit sharing, tokenized rewards, and lifetime revenue participation inside a fully Web3-native ecosystem.

What Is Qzino?

Qzino is a next-generation crypto iGaming platform designed around decentralized ownership, transparent economics, and long-term ecosystem growth.

The platform offers:

  • 10,000+ casino, sports, and esports games

  • AI-powered analytics for sports and esports betting

  • Provably fair gameplay with on-chain verification

  • A native utility token, $QZI, used for rewards, governance, and profit participation

  • A daily profit-sharing model allocating up to 50% of platform revenue to token holders

The team behind Qzino includes 100+ industry professionals with experience building and scaling crypto casinos ranked among the top 10 globally.

Qzino operates under an official Anjouan Gambling License, combining regulatory compliance with the flexibility of Web3 infrastructure.

The Core Innovation: Daily Profit Sharing

At the center of Qzino’s ecosystem is its profit-sharing mechanism.

Instead of retaining the majority of platform revenue, Qzino distributes up to 50% of profits through token-based rewards — affiliates included.

This means:

  • Affiliate earnings are directly tied to platform performance

  • Income grows as the ecosystem scales

  • Rewards continue long after the initial referral

Rather than chasing short-term traffic spikes, affiliates are incentivized to build quality communities, long-term engagement, and sustainable growth.

In Qzino’s model, affiliates aren’t just marketers — they’re economic participants.

Inside the Qzino Affiliate Program: A Multi-Stage, Live Ecosystem

The Qzino Affiliate Program isn’t a fixed commission plan. It’s a dynamic system that evolves alongside the platform.

Stage 1 — Platform Launch & Farming Season (Live)

With Qzino already live, affiliates earn through a dual-reward structure:

  • Revenue Share from Player Activity
    Affiliates earn a percentage of revenue generated by referred players from day one.

  • Farming Points
    Every bet placed by referred users generates farming points. These points accumulate and are later converted into Qzino tokens during the airdrop phase.

This gamified approach rewards engagement, not just acquisition — encouraging affiliates to remain active and invested.

Stage 2 — Token Generation Event & Scaling

After the Token Generation Event (TGE), the affiliate economy becomes fully tokenized.

Affiliates gain access to:

  • Daily profit sharing paid in Qzino tokens

  • Lifetime revenue share on all referred users

  • Sub-affiliate commissions, enabling network-based income

  • Asset growth potential, tied to token performance

This layered earning structure compounds over time, making it one of the most advanced affiliate systems in crypto iGaming.

How Affiliates Earn with Qzino

The Qzino Affiliate Program is built for long-term sustainability, not short-lived campaigns.

Affiliates benefit from multiple revenue streams:

  • Up to 50% Lifetime Revenue Share
    Earn up to half of the revenue generated by referred players — with no expiration.

  • Tokenized Airdrop Rewards
    Player activity generates points that convert into $QZI tokens, unlocking profit participation.

  • Daily Profit Sharing
    Receive a share of platform profits every single day, directly tied to ecosystem growth.

  • Sub-Affiliate Network Earnings
    Invite other affiliates and earn from their performance, creating scalable passive income.

Every action inside the Qzino ecosystem contributes to long-term value.

Why Qzino Is More Than a Traditional Affiliate Program

Traditional affiliate systems reward promotion.
Qzino rewards participation and ownership.

From early MiniApp engagement to token-based profit sharing, every stage of the affiliate journey aligns partner incentives with platform success.

Affiliates don’t just promote Qzino —
they grow with it,
earn with it,
and own a part of it.

Join the Qzino Affiliate Program

Earn from platform growth — not just referrals.

🌐 Website: https://qzino.com
📧 Affiliate Inquiries: [email protected]

The post Qzino Affiliate Program: Daily Profit Sharing, Tokenized Rewards, and Lifetime Revenue appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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