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Rivalry Announces Application for a Management Cease Trade Order for Late Filing of Annual Filings
Rivalry Corp. (TSXV: RVLY) (OTCQB: RVLCF) (“Rivalry” or the “Company”), the leading sportsbook and iGaming operator for digital-first players, today announces that it will be late in filing its audited financial statements and management’s discussion and analysis for the year ended December 31, 2024 and related certifications (the “Annual Filings”).
In response to the Annual Filings delay, the Company has applied to the Ontario Securities Commission for a management cease trade order (the “MCTO”) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”) that will prohibit the management of the Company from trading in the securities of the Company until such time as the Annual Filings are filed. No decision has yet been made by the Ontario Securities Commission on this application. The Ontario Securities Commission may grant the application and issue the MCTO or it may impose an issuer cease trade order if the Annual Filings are not filed in a timely fashion. If the MCTO is granted, such an order would not generally affect the ability of persons who have not been directors, officers or insiders of the Company to trade the securities of the Company pending the filing of the Annual Filings on SEDAR+.
As previously announced, the Company has initiated a review of strategic alternatives to maximize long-term stakeholder value (the “Strategic Review”). The Company has determined that it is in the best interests of the Company to utilize its current management resources to advance the Strategic Review, resulting in a delay of completing the Annual Filings by the April 30, 2025 deadline.
The Company is working on the preparation of the Annual Filings and expects to complete the Strategic Review and the Annual Filings by June 30, 2025. Until the Annual Filings are filed, the Company intends to satisfy the provisions of the Alternate Information Guidelines as set out in NP 12-203 for as long as it remains in default, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a news release.
The Company confirms that it is not subject to any insolvency proceeding as of the date hereof. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date hereof.
Company Contact:
Steven Salz, Co-founder & CEO
[email protected]
Investor Contact:
[email protected]
Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Strategic Review, the anticipated filing of the Annual Filings, the application for the MCTO and the granting thereof by the Ontario Securities Commission.
Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; negative cash flow from operations and the Company’s ability to operate as a going concern; failure to retain or add customers; the Company having a limited operating history; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at sedarplus.ca.
No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The post Rivalry Announces Application for a Management Cease Trade Order for Late Filing of Annual Filings appeared first on Gaming and Gambling Industry in the Americas.
Andrzej Hyla Chief Commercial Officer at Wazdan
Wazdan Unveils Latest Classic Reboot: Magic Fruit$: Oranges
Wazdan, a top developer focused on gains, has introduced its newest retro-themed game, Magic Fruit$: Oranges, enhancing its collection of energetic, performance-oriented titles.
The latest launch offers a contemporary spin on the traditional fruit slot, merging recognizable visuals with various engagement-focused features aimed at improving player enjoyment and fostering lasting retention.
Central to the game is Wazdan’s popular Cash Infinity
feature, which enhances the thrill during gameplay while boosting the chances for lucrative results. The title additionally features the popular Cash Out mechanic in the base game, providing players the chance to obtain immediate cash rewards.
While playing, a Cash Out indicator may show up on a random reel and stay active for five spins. If a bonus symbol appears on that reel when the countdown hits zero, the player receives the associated symbol prize.
Gamers can additionally activate the favored Hold the Jackpot
bonus round, presenting the chance to secure fixed jackpots. The Chance Level
feature further enriches the game, enabling players to boost their chances of accessing the bonus round by multiplying their base bet by 2x, 4x, or 6x.
Collectively, these mechanisms embody Wazdan’s engagement-oriented philosophy, aimed at crafting customizable player experiences through approaches intended to achieve verified outcomes in regulated markets.
Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “Expanding our portfolio with titles such as Magic Fruit$: Oranges is a very rewarding process for the entire team at Wazdan and reflects the journey we have been on as a company. In an increasingly competitive market, the biggest challenge is remaining an innovative supplier while maintaining the quality of the user experience, and that is exactly what drives our approach to game development.
“With features such as Cash Infinity
and Chance Level
, we continue to go above and beyond for our partners and players by delivering engaging products that make a real impact across regulated markets.”
The post Wazdan Unveils Latest Classic Reboot: Magic Fruit$: Oranges appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Candy Links Bonanza 3
Sugar rush on the reels as Stakelogic unveils Candy Links Bonanza 3
Hot Spots, Hurricane Connections, and Wheel of Fortune prizes add a new sugar high to the newest Candy Links edition.
Stakelogic has unveiled Candy Links Bonanza 3, the newest addition to its well-known Candy Links series and the third installment in the franchise.
Located in a vibrant realm of bright confections, shimmering Coins, and glittering Hot Spots, Candy Links Bonanza 3 enhances the mechanics that defined the previous games, advancing that beloved sweet spot formula with an exciting array of sugary surprises.
The game features 3,125 winning combinations, created by matching symbols that align from left to right. Coin symbols can appear during the game and contribute to the Hurricane Links panel, where they are gathered and retained as players progress toward extra Coin-related rewards.
Coins can be arranged horizontally, vertically, or diagonally within the panel. When five Coins link, their values are given, and various combinations can activate in the same round. Since the gathered Coins stay put until the feature refreshes, the mechanic fosters a distinct feeling of accumulation as the panel fills and fresh winning patterns emerge.
Enhancing the gameplay excitement is the Hot Spot feature, which may show up with each spin; if coins or unique symbols fall inside it, the payout is boosted even more. In addition, unique symbols such as Rocket, Chest, and Coin Machine can impact the Hurricane Links panel by introducing Coins or enhancing their values, which aids in speeding up progress as the panel becomes filled.
The Free Spins feature is triggered by three or more Bonus symbols. During Free Spins, Wilds and Multipliers can appear while Hot Spots become even more powerful, gaining the ability to clone regular symbols.
At the peak of the bonus sequence, players can trigger the Wheel of Fortune, which offers the chance to win multipliers and jackpot prizes including Mini, Minor, Major and Mega rewards.
James Jelliffe, Head of Slots at Stakelogic, said: “Candy Links Bonanza has earned its place as a popular series for us, so it felt like the right time to return with an even bigger and brighter third chapter. Candy Links Bonanza 3 leans into the playful charm players enjoy about the world of the game, while giving the series a fresh burst of energy for its next outing.”
The post Sugar rush on the reels as Stakelogic unveils Candy Links Bonanza 3 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
2026 Indian Gaming Tradeshow & Convention
BMM Innovation Group to Advise Tribal Leaders on Compliance, Cybersecurity and Training at IGA 2026
BMM Innovation Group, an international technology firm offering compliance testing, cybersecurity, and training services for the regulated global gaming sector, today declared its backing and involvement in the 2026 Indian Gaming Tradeshow & Convention (IGA) from March 30 to April 2 at the San Diego Convention Center. With its three leading brands, BMM Testlabs, BIG Cyber, and RG24seven Virtual Training®, BIG maintains its enduring dedication to supporting Tribal regulators, suppliers, and operators throughout North America.
The BMM Innovation Group serves as a sponsor for the show, highlighting its evident and continued commitment to the Tribal gaming community. The Company is dispatching representatives from BMM Testlabs, BIG Cyber, and RG24seven Virtual Training to engage with Tribal leaders and industry partners during the event.
BMM Chief Government and Regulatory Officer Travis Foley said, “Tribal gaming has always been central to BMM’s story. We are honored to support the Indian Gaming Association and to continue working alongside Tribal suppliers, regulators, and operators to strengthen compliance, protect players, and support sustainable growth across Indian Country.”
At the conference, BIG specialists will participate in multiple key educational sessions aimed at assisting Tribal gaming organizations in enhancing operations, security, responsible gaming, and human resources:
- Peter Nikiper, Director-Technical Compliance, will deliver Level III Commissioner Training on Network Risk Assessment, helping regulators better understand today’s evolving technology risks.
- Heather Lee, Senior Director of Sales at BIG Cyber, will moderate the panel Cyber Defense Fundamentals: Protecting the Gaming Enterprise, focused on practical strategies to strengthen cybersecurity readiness.
- Wendy Anderson, CEO of RG24seven Virtual Training, will speak on the responsible gaming panel, Innovate. Protect. Heal: The Future of Tribal Problem Gambling Prevention Begins Here, and will also moderate the HR-focused session, Workforce Sustainability: Building Talent Pipelines That Actually Hold.
BMM Innovation Group provides Tribal gaming organizations an all-encompassing range of services via BMM Testlabs, BIG Cyber, and RG24seven Virtual Training, which includes product testing and certification, cybersecurity safeguards, and compliance-focused virtual training tailored for gaming staff.
The post BMM Innovation Group to Advise Tribal Leaders on Compliance, Cybersecurity and Training at IGA 2026 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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