

Latest News
Rivalry Reports 192% Growth in Handle and 60% Growth in Revenue for Q2 2023, Projects Profitability in H1 2024
Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), an internationally regulated sports betting and media company, today announced its financial results for the three- and six-month periods ended June 30, 2023. Rivalry has also provided revenue guidance that the Company anticipates reaching profitability in the first half of next year. All dollar figures are quoted in Canadian dollars.
“In Q2 we delivered a nearly three-fold increase in handle year-over-year,” said Steven Salz, Co-Founder and CEO of Rivalry. “Increased marketing sophistication and enhancements to our core product have led to operational improvements, increased player wallet share, and a material year-over-year reduction in cost of customer acquisition, positioning us well in the coming quarters. The growing strength in these underlying fundamentals continues to validate Rivalry’s global brand leadership in esports betting, and more broadly, in delivering a world class online gambling experience for the next generation of fans.”
“Our position among young Millennial and Gen Z customers represents one of our greatest competitive advantages, but has also presented unique learnings regarding betting behaviors. Generally we experience higher margin volatility within the sportsbook among this demographic, which impacted revenue this quarter,” Salz added. “That said, challenges like this come with our position at the bleeding edge of a demographic shift in online gambling, and it has also allowed Rivalry to learn more than other operators about what is needed to succeed among this coveted cohort. In the immediate term we have been tuning our operational initiatives to address normalizing margin and seeing early results. And to contextualize the upside potential of this work, at consistent industry average margins Rivalry would have been profitable in Q1 and Q2 this year against the betting handle we generated. With these ongoing adjustments being made based on our learnings, alongside the general benefits scaling handle through growth provides to margin, we expect to reduce volatility, positively impacting bottom-line results, and propelling us to profitability in the first half of next year.”
Second Quarter 2023 Highlights
- Betting handle for the three-month period ended June 30, 2023 was $112.2 million, an increase of $73.8 million or 192% from $38.4 million in Q2 2022, while reducing marketing spend 6% year-over-year.
- Casino has helped offset historical esports seasonality slowdown in Q2, contributing toward revenue diversity and growth, adding $57.5 million in handle during the second quarter.
- Revenue was $8.5 million in Q2 2023, a record result for a second quarter, representing an increase of $3.2 million or 60% from $5.3 million of revenue in Q2 2022.
- Gross profit was $3.8 million in Q2 2023, an increase of $1.8 million or 86% from $2.1 million of gross profit in Q2 2022.
- Net loss was $6.3 million for Q2 2023, a 1% increase from the net loss of $6.2 million in Q2 2022. A select number of low probability esports and sports outcomes, alongside unique behavioral betting habits from Gen Z users, caused increased margin volatility and negatively impacted revenue, which combined with several one-time expenses expanded the Company’s net loss.
- Adjusting for non-recurring items in the Company’s operational expenses over the last four quarters, Rivalry is pleased to note that its operational expenses have remained nearly flat, while simultaneously delivering triple digit year-over-year growth in betting handle every quarter. It is this clear operating leverage trend, combined with concerted efforts to increasingly stabilize margin at scale, that has led the Company to provide its H1/24 profitability guidance.
- The Company has continued to broaden its product offering in recent months, including the launch of its mobile app in Ontario and more recently, an industry-first same-game parlay product for esports, structural sportsbook hold rate and customer experience improvements.
- The Company had $14.0 million of cash and no debt as at June 30, 2023.²
Guidance
- The Company is providing guidance as it projects to reach profitability in the first half of 2024. This projection is based on several factors, including an expectation of consistent year-over-year revenue growth, slower increases in costs due to operating leverage and disciplined management of expenses, and ongoing product innovation that strengthens the Rivalry brand and leads to increased betting activity and lower cost of customer acquisition.
“We are keen to share a number of additional product releases coming in Q3, beginning with Same Game Combos, our own proprietary version of same-game parlays for esports, which we released just last week,” Salz added. “This feature, and others arriving in the third quarter, strengthens our position at the edge of technical and product innovation, and more broadly, our ability to continue delivering a market-leading betting experience catered to young Millennial and Gen Z consumers. We have barely scratched the surface of the feature set on our deep product roadmap, which we are confident will enable us to win this global generational opportunity in betting.”
Latest News
Week 22/2025 slot games releases

Here are this weeks latest slots releases compiled by European Gaming
Spinomenal has released its supernatural slot, Baba Yaga Tales Hold & Hit, a fresh take on the hugely popular original hit. Players step into an eerie world of Baba Yaga dominated by a dark forest shrouded in mist and mystery. Spinomenal’s Slavic slot is presented within a frame made from twisted branches and arcane symbols, featuring the infamous Baba Yaga, her crooked forest hut, and a fiery phoenix.
PG Soft has released its swashbuckling slots adventure, Dead Man’s Riches. This latest release from PG Soft’s studio is a 5-reel, 3-row video slot featuring Travelling Wild symbols with increasing multipliers. Players must stand with two pirate crews on the hunt for one legendary treasure beneath the seas. The Wild Red Skull symbol, Wild Blue Skull symbol and Wild Captain symbol substitute for all symbols except Scatter symbol.
Million Games is excited to unveil Yin Yang, a visually stunning Chinese-themed slot that blends traditional symbolism with thrilling modern mechanics. This unique game features dual 3×3 reel sets, with synchronised spinning and Yin & Yang Bonus Symbols unlocking Free Spins with a powerful 3×6 merged grid.
Thunderkick has raised the steaks with the launch of Milk the Cow, the latest addition to its diverse content portfolio that fuses the popular Wild Field mechanic with a Hold & Win feature to unlock 5,000x jackpot wins. Whimsical cows roam the reels of this 5×5 cluster pays slot, where the Wild Field mechanic returns following its success in the recent release, Archie O’Loggins and the Enchanted Masks.
MGA Games has announced the release of its latest production: Athena’s Treasure, a 5-reel adventure slot set in Ancient Greece. In this thrilling game, players will join mythical characters like Athena, Pegasus, and Perseus in their quest for hidden treasures among forgotten temples. With stunning visual design, Athena’s Treasure offers an epic experience full of mystery, fantasy, and big win potential.
Push Gaming has launched Regal Knights, a bold new title that blends the excitement of classic slot gameplay with a dynamic medieval twist. Designed for those who enjoy the simplicity of traditional slots but want added progression and depth, Regal Knights provides a well-balanced mix of familiarity and modern game design. Central to the gameplay is the Mystery Symbol, which reveals wilds, paying symbols, or the Golden Mystery Symbol.
Stakelogic continues to expand its portfolio of visually striking, feature-rich video slots with the launch of Tiger Temple 88, a thrilling 243-ways-to-win experience set in a world of ancient riches, fierce tiger guardians, and powerful bonus mechanics. Set against the tranquil beauty of cherry blossom forests, Tiger Temple 88 draws players into a mystical world where a tiger guardian protects sacred treasures hidden deep within a long-forgotten temple.
Players set sail, spin the reels and plunder epic jackpots in Blackbeard’s Lucky Bucks Hold & Win from in-demand provider, Rival. This is a swashbuckling slot where players get to unleash the cannons and light up the reels as they command the high seas and discover the treasures within. But no pirate voyage is complete without unexpected twists and turns along the way, and that’s exactly what happens in Blackbeard’s Lucky Bucks, with a trove of bonus features ensuring plenty of action spin after spin.
Amusnet has released its latest video slot game, Caramelo Sortudo. This new dog-themed slot is with 3×3 layout and a variety of special features. This latest slot release does not feature traditional paylines. Instead, it uses a Reel Ways Pay mechanics, which means the game pays on all reel ways for combinations of a kind. Keep an eye out for the Grilled Chicken Bonus, which is triggered by landing 3 Scatter/Bonus symbols on the reel and brings various multipliers to the table.
Play’n GO turns up the heat with Fire Joker 100, the latest entry in its iconic Fire Joker series. This 3×3 video slot builds on the blazing legacy of the original, offering players a refined, retro-inspired game with intensified mechanics and a few scorching surprises. The mischievous Fire Joker returns, smirking from the reels and stacked three-high in all his fiery glory. Classic symbols like stars, sevens, and fruit sizzle against a glowing red-orange backdrop, but this familiar setup conceals powerful enhancements.
Just Slots has just announced the launch of its next game, ‘Book of Arcane 100’. In this new, magically charged adventure, players step into the role of a budding mage, learning from the most powerful spellcasters at an ancient and mysterious school of magic. Book of Arcane has max win potential of a staggering 100,000x, on top of this the game will conjure up a brand new exciting gamble feature that can boost wins.
Evoplay has released Wild Pounce, a high-volatility jungle-themed slot designed to deliver fast-paced action and strong engagement through dynamic free spins and progressive multipliers. Set deep within a tropical jungle, Wild Pounce invites players into a world of fluttering butterflies, colourful birds, and elusive jaguars. Played across a 5×4 reel layout with 25 paylines, the game’s centrepiece is its Free Spins mode, where Jumping Wilds move across the grid on every spin, increasing win potential throughout the round.
Playson, the accomplished digital entertainment supplier, cranks up the energy in its intense new release, Thunder Coins XXL: Hold and Win, where a revamped bonus game supercharges players to grand returns. Golden bells, a feast of fruit icons, and fiery red sevens instantly radiate energy across the title’s expanded 5×3 grid and 15 paylines, accompanied by golden coins and the coveted Thunder Bonus symbols.
The iconic gang of treasure-hunting misfits are back for the highly anticipated The Goonies™ Megaways™ Quest for Riches, as Blueprint Gaming™ enhances the series with boosted collect modifiers including One-Eyed Willy’s Treasure Chests. The muti-stage Cash Collect system is driven through the Treasure Map sitting above the reels where players benefit from a host of lavish modifiers for every cash collect symbol landed. Streak Collect, Expand Collect, Respin Collect, Match Collect and then Skeleton Key are unlocked before the coveted Treasure Chests.
Booming Games is turning up the heat with the launch of Burning Classics 5000, the latest and most explosive addition to its Burning Classics game series. Building on the foundation of one of the company’s most beloved titles, this revamped classic slot delivers fiery visuals, timeless gameplay, and an electrifying boost in win potential—now offering a max payout of over 5000x your stake.
ELA Games, an innovative game development studio, announces the official release of its newest title, Rabbit Winpot Deluxe. Step into the spotlight and witness a magical showdown between Rabbit the Magician and their formidable opponent, the Lion! The unique 3×1 slot reimagines slot gaming with a new and entertaining format that creates a fast gameplay environment, with each spin full of suspense.
Gaming Corps announced the launch of Hyena Heist, the next daring entry in its A-MAZE-CADES™ series. Players join a trio of mischievous Laughing Hyenas as they execute a daring bank robbery, pursuing bags of cash, bars of gold and sparkling jewels on a dynamic 5×5 grid. In Hyena Heist, every winning combination triggers the signature A-MAZE-CADES™ cascade mechanic.
Get front row seats to an epic clash between two rival gods in Battle of Myths – an action-packed addition to the Elysium Studios – Driven by Swintt line-up that pits dragon against tiger in a divine skirmish where free spins and multipliers will ultimately decide the victor. Set to an imposing backdrop of mountaintop dojos jutting from the heart of the rainforest, Battle of Myths is an Asian mythology-inspired slot that sees legendary warriors fight for control of the kingdom and the heart of the princess with the help of cascading reels and powerful wild features.
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Chinook Winds Casino Resort
JCM Global Transforms Chinook Winds Casino Resort’s Casino Floor with Towering Digital Signage at High Limit Area
JCM Global has installed a towering new digital signage solution at Chinook Winds Casino Resort in Lincoln City, Ore.
The digital signage frames the entrance of the casino’s high limit area and creates a stunning visual destination that transforms the casino floor.
Specifically, JCM installed three curved 2.5mm FLEX LITE-S solutions. The two pillars each measure nearly 8 feet high by 7 feet wide, and they connect to an overhead soffit that is nearly 24 feet wide and 5 feet high. The entire solution is programmable and can display different content for each piece of digital signage or showcase one video across all three signs.
The dynamic digital signage replaced static wood pillars and can feature a range of messaging, images, and video limited only by the imagination. This is the first digital signage project JCM has installed at Chinook Winds. The casino also has JCM GEN5 thermal printers on each of its slot machines.
“This breathtaking new entry into our High Stakes room is just the beginning of all the exciting new changes we will be implementing at Chinook Winds Casino Resort. We are glad JCM Global has been able to be a part of this journey,” said Sean Sheridan, Director of Facilities at Chinook Winds Casino Resort.
JCM SVP – Sales, Marketing & Operations Dave Kubajak said: “Chinook Winds says, ‘It’s Better at the Beach’, and their management proved it with this incredible digital signage installation. Our digital signage team brought their vision to life with our unique curved displays showcasing their high limit room entrance. The movement of the ocean and the whales on the curved signage truly illustrate the power of digital signage and the virtually limitless creativity it unleashes.”
JCM digital signage solutions transform hospitality areas, indoors, and outdoors. They come in a wide range of sizes and options to perfectly fit any space and enhance the guest experience.
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Asia
EGT Digital’s innovative developments to captivate visitors at SiGMA Asia 2025

The next highly anticipated gaming event on EGT Digital’s calendar is SiGMA Asia, which will be held on June 3rd and 4th in Manila. Together with EGT, the iGaming provider will welcome visitors at booth 1113 to reveal its impressive selection of innovations and bestsellers.
The guests will be able to try out EGT Digital’s wide range of over 140 casino games spanning a variety of themes, as well as further increase their chances of winning with the Bell Link, Clover Chance, High Cash, and Single Progressive jackpots. The 4-level multi-denomination Gods & Kings Link will be presented for the first time locally. It received positive feedback after its recent official debut and is expected to get a warm acceptance also from Asian operators and players. Currently including 3 games: Ape of Luck, Glorious Alexander, and Rise of Ra, with more to join in the coming months, it will offer the show attendees numerous bonuses and a lot of fun.
EGT Digital will also demonstrate X-Nave, its in-house developed “all-in-one” betting platform, providing all the tools and features needed for building and maintaining a successful online business or for improving current performance. X-Nave includes 4 main modules: Sport Product, Gaming Aggregator, CRM Engine, and Payment Gateway. Depending on the operators’ needs, each of them can be used as part of the complete solution or independently, as they can integrate with developments from third-party providers.
“EGT Digital’s products have enormous potential for the local markets, and SIGMA Asia provides us with a great opportunity to showcase them to many potential future clients in the region,” said Mariana Manchina, Director of EGT Philippines. “In addition, we are also looking forward to the prestigious SiGMA Asia Awards, where our company is shortlisted in the Best Sportsbook Provider 2025 and Best Platform 2025 categories.”
The post EGT Digital’s innovative developments to captivate visitors at SiGMA Asia 2025 appeared first on European Gaming Industry News.
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