Rivalry Corporation announced that it will be upping its offerings on its premium casino product suite, by launching its cutting-edge Casino.exe on its iOS mobile app in Ontario. The product is a proprietary casino platform which combines '90s nostalgia with interactive entertainment. But that is not all, as the iGaming operator also said it will be launching eight new games.
Rivalry Corp. owns Rivalry Limited which is a top online sports betting and media company with licenses in the Isle of Man, Australia, and Ontario. Its premium sportsbook offers original products like Same Game Combos and Rushlane casino games, catering to Millennial and Gen Z fans, positioning it as a leading I Gaming in the online wagering sector.
Enhancing Player Experiences
CEO and Co-Founder of the company, Steven Salz, said that since the debut of its Casino.exe in 2022, the company has diversified its revenue mix and enhanced its wagering handle. He added that the new announcement will incorporate greater access to the operator's exclusive casino platform and will upgrade a unique offering by providing more games and variety.
Now, players in Ontario, Canada, where the company runs iGaming, will be able to access its Casino.exe via the operator's iOS mobile app, which launched in May 2023 with eSports and traditional sports betting. Since the debut of the app in the Heartland Province, the company has recorded a 15% month-over-month increase in betting volume and a surge of new players.
In addition to that, the leading Millennial and Gen Z iGaming brand also reported that it has now premiered eight new games on Casino.exe, including a mix of game shows, table games, and instant games. This latest update should provide more game variety to the company's iCasino offering as it continues on its growth trajectory across regulated markets.
Lastly, Mr. Salz noted that Casion.exe has made a claim for the future of online gambling and how the industry can push the traditional online betting experience to a new level of fun and engagement for a demographic that demands it. He shared that the company and its team are thrilled about making its product available to more Ontarians and continuing to expand its offering for all users.
Recapping Q2 of 2023
Just last week, Rivalry issued its financial highlights report for the second quarter of 2023. revealed that the betting handle for Q2 of 2023 reached CA$112.2 million, which was a noteworthy 192% increase or CA$73.8 million from CA$38.4 million in 2Q22. In Q2 2023, the company also reduced marketing spend by 6% in comparison to the same period in 2022.
Also, the operator disclosed that in Q2, revenue hit CA$8.5 million, which was an all-time high for the second quarter. Hence, amounting to an increase of CA$3.2 million or 60% from CA$5.3 million over Q2 last year. Gross profit accounted for CA$3.8 million from the previous CA$1.8 million, meanwhile, net loss hit CA$6.3 million from the preceding CA$6.2 million.
Source: “Rivalry Enhances Casino Product Suite with Eight New Games and Casino.exe Mobile App Launch” Rivalry, September 6, 2023