- Rivalry (RVLY) announced the expansion of its casino offering with eight new games, including Roulette, Blackjack, Baccarat, and more
- This includes a variety of single-player table games, as well as live dealer and multiplayer offerings
- These new offerings will be added to Rivalry’s proprietary casino product, Casino.exe
- Rivalry owns and operates sports betting and sports media property
- Rivalry Corp. (RVLY) is up 3.31 per cent, trading at C$1.25 per share at 2:12 pm ET
Rivalry (RVLY) has expanded its casino offering with eight new games, including Roulette, Blackjack, Baccarat, and more.
This includes a variety of single-player table games, as well as live dealer and multiplayer offerings. These new offerings will be added to Rivalry’s proprietary casino product, Casino.exe.
Steven Salz, Co-founder and CEO of Rivalry, commented on the news.
“Our entry into the casino segment last year has provided valuable diversification to the business. It added incremental revenue while reducing the impact of seasonality in sports betting. It also improved margin stability and continues to promote profitable customer unit economics. We anticipate this extension of our casino offering will further grow revenue potential and drive sustained engagement amongst our users.”
The ongoing expansion of Rivalry’s casino game portfolio arrives after launching its initial product offering, Aviator, last summer. Rivalry later added four new games in November.
The casino has contributed 30 per cent of the betting handle and 15 per cent of revenue in Q3 2022 with minimal marketing efforts.
The casino offering is available online in markets operating under the company’s Isle of Man license. The company expects a launch in Ontario in the coming months.
Rivalry owns and operates sports betting and sports media property. It offers fully regulated online wagering on esports, traditional sports, and casinos for the next generation of bettors.
Rivalry Corp. (RVLY) is up 3.31 per cent, trading at C$1.25 per share at 2:12 pm ET.