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Be the first with the news that moves the market- React Gaming (RGG) plans to enhance the capabilities of its online esports tournament and betting platforms, Compete.gg and LOOT.BET
- The company plans to integrate artificial intelligence (AI) applications and machine learning (ML) techniques into its platforms in 2023
- React Gaming is a Canada-based holding company engaging in the esports and iGaming industry
- React Gaming Group Inc. (RGG) is up 80.00 per cent, trading at C$0.09 per share at 10:38 am ET
React Gaming (RGG) plans to enhance the capabilities of its online esports tournament and betting platforms, Compete.gg and LOOT.BET.
The company plans to integrate artificial intelligence (AI) applications and machine learning (ML) techniques into its platforms in 2023.
React Gaming’s primary goal with Compete.gg is to pursue the development of its universal and accessible esports tournament platform that enables gamers worldwide to win money playing their favourite video games. AI and machine learning would help the corporation to further develop its Smart AI Tournament System. This would enable it to scale with demand and facilitate and run online esports tournaments effectively.
With LOOT.BET, React Gaming would use AI to generate live-data integration, in-game analytics, predictive modelling and personalized recommendations. AI and ML would work together to derive insights to help people bet on React Gaming’s LOOT.BET esports platform while enhancing its performance.
Leigh Hughes, CEO of React Gaming, commented on the news.
“Esports is a large and growing market with revenues expected to reach $1.87 billion in 2025, according to market analytics firm Statista. As this booming industry grows, AI is widely seen as having the potential to bring about significant revenue opportunities in the next decade. “
“In the online esports space, AI can help improve tournament organization and player engagement, provide valuable insights for sponsors, and streamline betting and wagering processes, amongst many other applications that could benefit Compete.gg and LOOT.BET. This is why we will focus in 2023 on enhancing our AI capabilities in both our online esports platforms.”
React Gaming is a Canada-based holding company engaged in the esports and iGaming industry.
React Gaming Group Inc. (RGG) is up 80.00 per cent, trading at C$0.09 per share at 10:38 am ET.
