Latest News
Rivalry Closes Non-Brokered Private Placement Of Approximately $2.0 Million
Rivalry Corp. (the “Company” or “Rivalry“) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, is pleased to announce that it has closed the initial tranche of a non-brokered private placement of 12,930,707 units of the Company (the “Units“), at a price of $0.15 per Unit, for aggregate gross proceeds of approximately $1.94 million (the “Offering“).
The Company may complete one or more additional closings, for aggregate gross proceeds (together with the proceeds raised under the initial closing) of up to approximately USD$3 million. Unless otherwise noted, all dollar figures are quoted in Canadian dollars.
“This initial tranche of our non-brokered private placement was primarily subscribed to by insiders, family and friends, and long-term shareholders,” said Steven Salz, Co-Founder and CEO of Rivalry. “This commitment and demonstration of support is deeply gratifying as we press ahead into a new chapter for the Company.”
Each Unit is comprised of one (1) subordinate voting share in the capital of the Company (each, a “Subordinate Voting Share“) and one-half of one (1/2) Subordinate Voting Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant is exercisable into one Subordinate Voting Share in the capital of the Company (each, a “Warrant Share“) at a price of $0.25 per Warrant Share for a period of 12 months from the date hereof, subject to the Company’s right to accelerate the expiry date of the Warrants upon 30 days’ notice in the event that the closing price of the Subordinate Voting Shares is equal to or exceeds $0.50 on the TSX Venture Exchange (or such other recognized Canadian stock exchange as the Subordinate Voting Shares are primarily traded on) for a period of 10 consecutive trading days.
The Company intends to use the proceeds from the Offering for corporate development and general working capital purposes.
The Subordinate Voting Shares and Warrants, and any securities issuable upon exercise thereof, are subject to a four-month statutory hold period, in accordance with applicable securities legislation.
The Company has paid an aggregate of $14,953.74 in finder’s fees in connection with the closing of the first tranche of the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any applicable state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.
1,333,300 Units were issued to Steven Isenberg, a director of the Company and a “related party” (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“)) and such issuance is considered a “related party transaction” for the purposes of MI 61-101. Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities being issued to the related parties nor the consideration being paid by the related parties exceeded 25% of the Company’s market capitalization. The purchasers of the Units and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the transactions contemplated hereby pursuant to a material change report filed at least 21 days prior to the completion of such transactions.
Industry Awards
BETBY SUCCESSFULLY WRAPS SiGMA EUROMED 2025 PARTICIPATION WITH SPORTSBOOK RECOGNITION
BETBY has been awarded the Best Online Sportsbook Provider at the SiGMA EuroMed Awards 2025. This accolade highlights the company’s unwavering dedication to delivering robust sportsbook tech solutions that empower iGaming operators worldwide.
However, SiGMA EuroMed 2025 provided a platform not only to showcase BETBY’s accomplishments but also to reaffirm its role as an industry leader.
Already preparing for the next major event, SBC Summit Lisbon 2025 taking place later this month, BETBY will once again present its cutting-edge sportsbook tools and insights to operators worldwide.
BETBY is an international technology company which for the past eight years has carved a role in the sportsbook supplier scene developing innovative solutions renowned for their excellence for the iGaming industry. BETBY holds a number of gaming licences and is a one-stop-shop for all sportsbook requirement for iGaming projects.
To find out more about BETBY’s cutting-edge sportsbook solution visit booth C110 during SBC Summit Lisbon. Attendees will have the opportunity to engage with BETBY’s team, and discover how the company’s solutions and services can be their winning aspect for their iGaming project.
Alternatively, please visit: https://betby.com/
The post BETBY SUCCESSFULLY WRAPS SiGMA EUROMED 2025 PARTICIPATION WITH SPORTSBOOK RECOGNITION appeared first on European Gaming Industry News.
Latest News
GR8 Tech’s Bet It Drives Puts the Pedal Down with Rohini Sardana—From Esports Pioneer to iGaming Visionary
GR8 Tech’s drive-time podcast, Bet It Drives, returns for a high-speed third episode with Rohini Sardana, Founder & CEO of WiseWager Consultancy Ltd. A 20-year veteran in sports, esports, media, and tech innovation, Sardana has been behind some of iGaming’s boldest product launches—from introducing Competitive Gaming at SIS to spearheading the EsportsEvolved platform at Pinnacle Solution—and she’s nowhere near the finish line.
On this ride, Rohini shares:
- The iGB side events she’s most excited about
- The industry leaders she’d invite to her dream dinner
- The iGaming product she wishes she had invented
- Where esports stands today as a betting product
- Her vision of what “iGaming hell” would look like
“Rohini has that rare combination of big-picture vision and ground-level experience,” said Yevhen Krazhan, Chief Sales Officer at GR8 Tech and host of Bet It Drives. “She’s been on the front lines of iGaming innovation, and in this episode she brings the kind of fearless opinions and smart observations that make you want to keep driving just to hear more.”
Bet It Drives swaps the static studio for the streets, turning every interview into a rolling conversation through London. Host Yevhen Krazhan sits alongside iGaming’s most interesting voices, letting the road rhythm shape the dialogue. With multiple cameras capturing the ride and an award-winning crew behind the scenes, each episode mixes sharp industry insight with the unscripted moments you only get when the scenery—and the conversation—are always moving.
Episode 3 with Rohini Sardana is live now on YouTube, Spotify, and Apple Podcasts. Buckle up for expert insights, bold ideas, and a few turns you won’t see coming.
The post GR8 Tech’s Bet It Drives Puts the Pedal Down with Rohini Sardana—From Esports Pioneer to iGaming Visionary appeared first on European Gaming Industry News.
Leading distributor further enhances its top-quality platform with new games from emerging force in live-dealer solutions
QTech Games, the leading game aggregator for all emerging markets, has announced its latest premier-provider partnership with Imagine Live, allowing its platform clients access to another multifaceted live-casino catalogue.
Imagine Live is a fast-growing provider of customisable live-dealer games (such as Roulette, Blackjack, Baccarat, Poker and more), combining the timeless classics with innovative features that deliver fresh takes on traditional formats. Its aim is always to engage and captivate new audiences by bringing new playing experiences to premium, digital live-dealer casino games.
The company is dedicated to delivering high-class and customisable live-dealer solutions with bespoke tables and studios to help any platform partner ensure a complete brand experience that players enjoy and return to, driving deeper engagement and brand loyalty.
The popular live-dealer domain continues to gather momentum from an ever-growing worldwide fanbase. And Imagine Live’s authentic digital table games are accelerating this trend, creating a real land-based-casino experience online. Accordingly, these games now all form part of the progressive portfolio made available to QTech Games, its partners, and the culturally varied proclivities of their players.
As the defining aggregator for emerging markets, QTech’s platform boasts the broadest gaming portfolio around, localised for each region, with native mobile apps, powerful reporting and marketing tools, and 24/7 local-language support. The combined mission of Imagine Live and QTech Games is to create resourcing efficiencies for global operators by providing them with modular live-dealer software solutions necessary for running a successful online casino vertical.
Incorporating this ever-evolving production line emphasizes QTech Games’ diverse range of gaming options, providing a definitive one-stop shop, which has quickly become the “go-to” solution for international operators across developing territories.
Martin Martirosyan, Group CEO at Imagine Live, said: “Imagine Live is known for its stellar performance in the sought-after segment of live-dealer solutions, with our technology and flair for innovation fostering seamless gameplay and interactive features which can cater to all manner of localised preferences. With customisable tables and dedicated live dealers, QTech Games’ legion of partners can now benefit from full flexibility and the highest-quality games.
“Live casino is a hugely popular worldwide product and our offering is taking this vertical to the next level, encouraging players to interact in real-time for a new level of engagement. This agreement with QTech Games naturally broadens Imagine Live’s geographic footprint, targeting emerging markets from Africa to Asia and Latin America, thereby creating new sources of revenue. It’s a thrill to see that our hit titles are now riding on the back of the number-one aggregator for emerging markets.”
QTech Games CEO, Philip Doftvik, said: “We look forward to monitoring how these live-dealer games perform across a range of untapped markets which, in most cases, break new ground for Imagine Live. After all, it’s crucial to offer a bold live-casino vertical to engage new players and equip operators with a cutting edge for innovation across the ever-evolving landscape of emerging markets.
“Imagine Live stands out as a pioneer for the live-dealer experience and a real revenue-driver for digital casinos by offering their players a fresh-yet-familiar gaming journey. Working with their team on the integration has been a pleasure. While their unique mix of live performances, tech, and real-time interactivity make them a game-changer in entertainment.”
The post QTech Games fine-tunes its live-casino suite with Imagine Live appeared first on European Gaming Industry News.
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