Latest News

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

Published

2 years ago

May 2, 2024

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.

Related Topics:latest-news Press Releases Rivalry

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Latest News

N1 Partners at Search iGaming Conference 2026 in Limassol

Published

33 minutes ago

April 9, 2026

Master Editor

The N1 Partners team will attend the Search iGaming Conference 2026, held on April 16 in Limassol, Cyprus.

The conference will bring together more than 1,200 professionals in SEO and iGaming, including PPC experts, ASO teams, and affiliate programs representatives for networking and sharing insights.

At the event, the N1 Partners team will not only be an active participant but also a conference bags sponsor for guests. This is the part of a comfortable event experience that helps participants focus on networking and knowledge-sharing.

The conference is a perfect place to discuss profitable deals and SEO traffic, as well as learn more about the N1 SEO Traffic Cup, the first tournament in the N1 Traffic Cups global promo series from N1 Partners. The team will explain how to enter the promotion with highest efficiency at the final stage — there’s still a chance to join the tournament until April 30th.

Participate in the largest SEO tournament in the industry this spring and acquire generous prizes!

In addition to the current promo, N1 Partners affiliate managers will be happy to discuss working with any of the 14+ brands in the portfolio, top Tier-1 GEOs, as well as individual payment terms and payment models.

Why meet the N1 Partners team at the Search iGaming Conference 2026?

In Limassol, the N1 Partners team will show how partners scale traffic and increase revenue.

Key advantages include:

10+ GEO Tier-1
CPA up to €700 | RevShare up to 45% for top partners
Reg2Dep up to 70%
Top personal offers
Insights from analysts

Book a meeting with N1 Partners in Limassol!

Wanna get the most out of the intense Search iGaming Conference? Book a meeting with the N1 Partners team in advance.

Discover the exclusive terms of cooperation and engage with the expert team in person — guaranteed insights await!

N1 Partners team contacts:

Oleksandr Havrylov — Affiliate Manager
Aleksandrs Ohtins — Account Manager
Victoria Sokolenko — Affiliate Manager

Start working with N1 Partners — become number one!

belatra Gaming

Belatra collars another hit with Cops vs Robs

Published

56 minutes ago

April 9, 2026

Wladimir P.

belatra-collars-another-hit-with-cops-vs-robs

Belatra, a leading developer of innovative online slots, has unveiled its latest high-stakes release, Cops vs Robbs—a 5-reel slot that plunges players into the classic battle between law enforcement and daring outlaws. Noir-inspired visuals, a gripping soundtrack, and dynamic gameplay bring the crime thriller to life.

Choose Your Side: Cops or Robbers
Players can stake their allegiance before spinning:

Cops Mode: Smoother gameplay with frequent, consistent wins.
Robbers Mode: High-volatility action for players chasing big payouts.

Multiplier Wilds & Shootout Mechanics
Wild symbols expand to cover entire reels and grow multipliers with each step—up to x5 for Cops and x10 for Robbers. Multiple Wilds on a payline combine values for explosive wins, and landing five simultaneously triggers the 10,000x grand prize.

The Shootout mechanic dynamically drops high-value Coin symbols (Cops) or forces random winning combos (Robbers), keeping the action unpredictable.

Hold & Win Bonus and Buy Feature
During Hold & Win, cash and power-up symbols lock for three spins. Special tools like the Revolver Drum and Thompson Submachine Gun double coin values, while Coin Merge consolidates full lines for larger payouts.

The Buy Bonus menu offers direct access to three options: a Cop-themed Hold & Win for consistent returns, a Robber-themed version for high ceilings, or a guaranteed Wild spin delivering 1–5 Wilds with 10,000x win potential.

Misha Voinich, Head of Business Development at Belatra, commented:
“Cops vs Robbs is a fully customisable gambling experience where players can adjust their risk and reward. With Multiplier Wilds, Shootout mechanics, and Hold & Win bonuses, every spin has the potential to change the plot, just like the best crime thrillers.”

The post Belatra collars another hit with Cops vs Robs appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

GR8 Tech

GR8 Tech World-Cup-Ready Series: Sportsbook Upgrades to Convert Tournament Traffic Into Results

Published

56 minutes ago

April 9, 2026

Wladimir P.

gr8-tech-world-cup-ready-series:-sportsbook-upgrades-to-convert-tournament-traffic-into-results

Attracting World Cup traffic is easy, but converting that traffic into bets—and retaining those players—depends on the sportsbook experience. GR8 Tech is addressing this with a major overhaul of ULTIM8 Sportsbook, its flagship sports betting solution.

“The World Cup moves a lot of money regardless of operators,” said Dinos Doxiadis, Head of Sportsbook Business at GR8 Tech. “The challenge is retaining it. Players who can find and place bets efficiently during the group stage are the ones you keep.”

Seamless Navigation and Reduced Friction
The upgraded sportsbook separates Live and Pre-Match flows, adds dedicated Sport and Tournament Lobbies, and introduces multiple entry points to bring players directly to their desired content. This reduces friction and boosts conversion. The widget-based architecture now spans the redesigned navigation, allowing operators to manage layouts, campaigns, and featured markets without developer support—crucial during fast-moving tournaments.

Enhanced Bet Builder for Football
GR8 Tech expands Bet Builder with Corners, Cards, and Player Props for football, offering more combinations per slip. Longer sessions and more complex bets drive higher margins and deeper engagement.

Bet Booster Promotions Embedded in the Product
Odds-based promotions via Bet Booster provide boosted markets inside the sportsbook without eroding margin. Integrated with segmentation and the new navigation, the tool enhances player retention and activation while leveraging Bet Builder for maximum impact.

Sharper Odds, Controlled Margin
A dedicated Enhanced Prices market allows operators to offer competitive odds for football without impacting promotional mechanics on the standard market. This structural separation balances sharp pricing with profitability.

Ready for the Tournament
Several upgrades are already live, with the remainder rolling out before the World Cup begins. ULTIM8 Sportsbook offers operators a proven revenue stream with minimal operational overhead, making it a key tool for the year’s biggest betting window.

GR8 Tech.
GR8 Tech is an award-winning provider of sportsbook and iGaming solutions, including ULTIM8 Sportsbook, Infinite Casino Aggregation, and proprietary affiliate management via Aff.Tech. Focused on operator-first innovation, GR8 Tech has delivered measurable results in over 100 markets and was named Platform Provider of the Year at the SBC Awards 2025.

The post GR8 Tech World-Cup-Ready Series: Sportsbook Upgrades to Convert Tournament Traffic Into Results appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.