Multiplayer online games

Rivalry Applauds iGaming Ontario’s Announcement of April 4, 2022 Official Launch Date

TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Society” Where “Rivalry“) RVLY (ESF: 9VK) RVLCFan internationally regulated sports betting and media company, today expressed support for iGaming Ontario’s announcement of an April 4, 2022 launch date for online gaming in the province of Ontario.

“We are very excited to learn that Ontario residents will have access to secure and regulated online gaming on April 4th of this year,” said Steven Salz, co-founder and CEO of Rivalry. “We support this decision and believe it is the best way forward for the province. Rivalry has been involved in the licensing process in Ontario since it was first announced, and we look forward to launching services in our home market.

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As previously announced, Rivalry has submitted an application to the Alcohol and Gaming Commission of Ontario (the “AGCO“) to become a fully registered Internet gaming and sports betting operator in Ontario. The company continues to work through the application process.

iGaming Ontario was established by the Province of Ontario in 2021 to conduct and manage online gaming in the province when provided by private gaming operators. The Ontario government’s stated goals include creating a safe, regulated and competitive online gambling market to help protect consumers and provide more choice while ensuring a level playing field for new businesses.

About the rivalry

Rivalry Corp. Wholly owns and operates Rivalry Limited, a leading sports betting and media property offering fully regulated online esports, traditional sports and casino betting for the next generation of bettors. Rivalry Limited currently holds a license in the Isle of Man, considered one of the leading online gambling jurisdictions. Based in Toronto, Rivalry operates a global team in over 18 countries and growing. Rivalry Limited obtained its Isle of Man license in early 2018, officially launching in August of the same year, and the company is currently in the process of securing additional country licenses. The company also offers a variety of originally developed products, including Quest, an engaging on-site experience, and an original casino game called Rushlane, an exclusive casino game that marks the creation of a new gaming category. online: massively multiplayer online games of chance. (MMOGG).

Investor contacts:
Vincic Advisors
Jeff Codispodi I [email protected]

Media Contact:
BRAND STYLE COMMUNICATIONS
Kell Cholko I [email protected]

Company Contact:
Steven Salz, co-founder and CEO
416-565-4713
[email protected]

Caution Regarding Forward-Looking Information and Statements

This press release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of current or historical facts are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “may”, “believe”, “plan”, “intend”, “objective”, “continuing”, “in progress”, “estimate”, “outlook”, “expected”, “project” and similar words, including their negative forms, suggesting future results or that certain events or conditions “may” or “ will happen”. These statements are only predictions. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company’s approval as a licensed Internet gaming and sports betting operator in Ontario and the timing of the launch of the Services. Internet gaming in Ontario.

Forward-looking statements are based on the opinions and estimates of the Company’s management as of the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set forth in the forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown variables, risks and uncertainties, many of which are beyond the Company’s control, which may cause the Company’s actual performance and results to differ. materially of any projected future performance or results expressed or implied by such forward-looking statements. These factors include, among others, regulatory or policy changes such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment of the online gaming and betting industry; the success of esports and other betting products is not guaranteed; changes in public perception of the esports and online gambling industry; inability to retain or add customers; the Company having a limited operating history; negative operating cash flow; operational risks; cybersecurity risks; the impact of the COVID-19 pandemic; dependence on management; reliance on third parties and third party networks; currency risks; risks associated with cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on the availability of capital; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s prospectus dated September 17, 2021 available on the Company’s SEDAR profile at www.sedar.com.

There can be no assurance that the expectations reflected in the forward-looking statements will prove to be accurate. Although the forward-looking statements contained in this press release are based on what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such statements. forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this press release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements contained or referred to herein. , except in accordance with applicable securities laws.

No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.

Source: Rivalry Corp.

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