- Rivalry’s (RVLY) betting handle is up by more than 350 per cent since October 2020
- This includes C$12.8 million in October 2021, exceeding the previous monthly high by more than 40 per cent
- The company also launched Rushlane, the first massively multiplayer online gambling game, registering a 150-per-cent rise in monthly game-related wagers
- It expects to report financial results later this month for the quarter ended September 30, 2021
- Rivalry owns and operates a sports betting and media property offering fully regulated online wagering on esports, traditional sports and casino games
- Rivalry (RVLY) is down by 3.63 per cent and is currently trading at $2.39 per share
Rivalry’s (RVLY) betting handle is up by more than 350 per cent since October 2020.
This includes C$12.8 million in October 2021, exceeding the previous monthly high by more than 40 per cent.
Monthly active bettors also reached a new all-time high, up more than 80 per cent above the previous monthly record and up more than 200 per cent from October 2020.
The company also officially launched Rushlane, its proprietary casino game inaugurating a new category in the space: massively multiplayer online gambling games.
With the official launch of Rushlane, Rivalry saw a more than a 150-per-cent increase in total Rushlane wagers over the previous month.
Additionally, nearly all Rivalry content channels saw a 50-per-cent month-over-month increase in engagement through October, with some growing by triple digits.
The company also saw a meaningful increase in traditional sports betting, which will reduce seasonality as the esports and traditional sports betting calendars generally concentrate at different times.
It believes that its primary demographic, on average a decade younger than traditional sportsbooks, will mature into a significant differentiating value capture opportunity.
Rivalry expects to report financial results later this month for the quarter ended September 30, 2021.
Steven Salz, Rivalry’s Co-founder and CEO, stated,
“In October, Rivalry delivered an all-time record performance across nearly all KPIs. I believe this is a testament to the focus and drive of the team in our first month as a public company. In addition to going public, we launched Rushlane, an innovation in casino games that we believe will reinvent the category, applied to become a fully registered operator for sports betting and Internet gaming in our home province of Ontario, and experienced record activity across the business.
These milestones help to enhance Rivalry’s global brand equity as a leader in next-gen esports betting and our position as innovators in the sector, and increase the number of geographies globally that Rivalry can legally operate in.”
Rivalry owns and operates a sports betting and media property offering fully regulated online wagering on esports, traditional sports and casino games.
Rivalry (RVLY) is down by 3.63 per cent and is currently trading at $2.39 per share as of 2:05 pm ET.
