Toronto, March 23, 2022 (GLOBE NEWSWIRE) — Rivalry Corp. (“society” Also “competition(TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK) is an internationally regulated sports betting and media company that today announced the addition of mobile esports to its sportsbooks. .. Customers can now bet on competitive esports played on mobile devices, which is considered one of the fastest growing segments in the industry.
Rivalry is one of the world’s first sportsbooks to introduce a comprehensive mobile esports betting service. The titles currently include Mobile Legends: Bang Bang, League of Legends Wildlift, Call of Duty Mobile, PUBG Mobile, and Free Fire, with additional games planned for the future.
Steven Salz, Co-Founder and CEO of Rivalry, said: “Not everyone has a desktop computer or home console to play top games, but most people now have mobile phones. This makes the global ecosystem of mobile games very deep. It’s exciting. I think the future of this platform is huge. “
“Rivalry aims to innovate by bringing new products to market ahead of traditional online betting providers. This approach is to establish the best brand engagement between Gen Z and young millennials. It helped, “Salz added.
Developments that show the continued growth of mobile esports include:
- There are over 2.2 billion active mobile gamers worldwide1 Also, some estimates predict that half of the world’s population will play mobile games by 2025.2
- The most popular mobile games have achieved amazing levels of participation. Last year’s Free Fire peaked at 150 million active players per day.3
- Markets such as India, Southeast Asia and Latin America, where affordability can be a bigger concern, are growing above average.Four For example, Battlegrounds Mobile India (BGMI) recorded 50 million downloads in the first month of its release.Five
- Game developers are spending more and more resources on mobile titles.6
- A new mobile esports tournament has begun, similar to the pattern seen a few years ago in the wider esports space.7
Rivalry’s mobile esports products continue to focus on product innovation and consistent execution. In 2021, we created a new category called MMO (Massively Multiplayer Online Gambling Games). Original release Rushlane online casino game. Rival Lee has also developed an engagement program called “Quest” that adds a Metalayer role-playing game (RPG) that gives customers the opportunity to earn experience points and rewards. In addition to these individual products, Rivalry is proud to have originally developed the entire user experience from top to bottom, creating innovative entertainment experiences for esports and sports enthusiasts. We look forward to welcoming mobile esports fans and enjoying the latest services.
Rivalry Corp. fully owns and operates Rivalry Limited, a leading sports betting and media property that offers fully regulated online betting in esports, traditional sports and casinos for the next generation of bettors. I am. Based in Toronto, Rivalry has a global team in more than 20 countries and continues to grow. Rivalry Limited has been licensed to the Isle of Man since 2018 and is considered one of the major jurisdictions for online gambling. Rivalry holds a license for a sports bookmaker in Australia and is currently licensed for additional countries. The company also developed its own, including Quest, an on-site engagement experience, and an original casino game called Rushlane, a unique casino game commemorating the creation of a new category of online games, Massively Multiplayer Online Gambling Games. I have a variety of products. (MMOGG).
Jeff Codispody I Investor@rivalry.com
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Stephen Salz, Co-Founder and CEO
Precautions regarding information and statements regarding future prospects
This news release contains information about certain forward-looking statements (“forward-looking statements”) in the sense of applicable Canadian securities law. All statements other than current or past facts are forward-looking statements. Forward-looking statements are often, but not always, “expect”, “achieve”, “done”, “believe”, “plan”, “intention”, “objective”, It is identified using words such as “continuous”. , “In progress,” “estimate,” “outlook,” “expectation,” “project,” and similar terms, including their denials, may result in future results, or certain events or conditions may “occur.” Suggests “is” or “occurs”. These statements are just predictions. The forward-looking statements in this news release include, but are not limited to, the growth of mobile esports around the world and plans to add mobile esports titles to our sportsbooks.
Forward-looking statements are based on the opinions and estimates of our management at the time they were written based on the information available to us. Various factors and assumptions apply in drawing conclusions and making the forecasts and forecasts presented in the forward-looking statements. Forward-looking statements are subject to and include many known and unknown variables, risks, and uncertainties. Many of these are beyond our control and our actual performance and results may differ materially from future forecasts. Achievements or results expressed or implied by such forward-looking statements. Such factors include, among other things, regulatory or political changes, such as applicable law or regulatory changes. The ability to acquire and maintain the required licenses. The esports and sports betting industry is a highly regulated industry. A complex and evolving regulatory environment for the online gaming and gambling industry. The success of esports and other betting products is not guaranteed. Changes in public perception of the esports and online gambling industries. Customer retention or additional failure. A company with a limited business history. Negative cash flow from operating activities. Operational risk; Cyber security risk; COVID-19 Pandemic impact. Reliance on management; Reliance on third parties and third party networks. Foreign exchange risk; Risks associated with cryptocurrency transactions. Risk of infringement of intellectual property rights or invalid claims. The impact of capital market conditions and other factors on the availability of capital. Includes competition from more established or more well-funded competitors. And general economic, market and business conditions. For other risks, please refer to our prospectus dated September 17, 2021 and other disclosure documents available in our SEDAR profile at www.sedar.com.
There is no guarantee that the expectations reflected in the forward-looking statements will be proven to be correct. The forward-looking statements contained in this news release are based on what our management believes or believes to be reasonable assumptions, but the actual results are such forward-looking statements. We cannot guarantee to shareholders that it is consistent with the statement. There may be other factors that may cause the results to be unpredictable, estimated, or not what you intended. Readers should not place excessive reliance on forward-looking statements or information contained in this news release. Forward-looking information and forward-looking statements contained in this press release were made as of the date of this press release, and we may include forward-looking information and / or future information. We do not promise to update the statement regarding the outlook for. Referenced herein, unless subject to applicable securities law.
The Stock Exchange, Securities and Exchange Surveillance Commission, or other regulatory agencies have not endorsed or dismissed the information contained herein.
Source: Rivalry Corp.
1 Earthweb, Mobile Game Statistics 2022: Industry Size, Revenue, Demographics, March 11, 2022
2 Techjury, Number of Mobile Games Players in 2022 – Everything You Need to Know, March 14, 2022
3 Yahoo Finance and Free Fire partner with Snoop Dogg for 12 days Snoopmas, December 17, 2021
Four Mobile games are on the rise in Digiday, Asia and beyond — and esports organizations are beginning to pay attention, September 9, 2021
Five TechRadar, BGMI achieved 50 million downloads, introduced new rewards, August 17, 2021
6 Newzoo, Esports & Games Live Streaming Trends to Watch 2022, January 24, 2022; and Esports Insider, The Willingness to Wager: Analyzing 2022 Esports Betting Trends with Avios February 27, 2022
7 The biggest mobile game with an esports scene for victory, October 23, 2021And Digiday, why ESL and Qualcomm are working together to launch a $ 2 million mobile esports league, March 8, 2022
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Rivals Start Betting on Mobile Esports, Canadian Business Journal
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