React Gaming’s LOOT.BET Platform Receives GLI-19 Certification

0

React Gaming Group

React Gaming’s LOOT.BET Platform Receives GLI-19 Certification
  • GLI-19 certification allows LOOT.BET to offer white label solutions (skins) in a large number of countries, including those served by its Isle of Man license
  • GLI-19 also meets the requirements of the White Label Revenue Sharing Agreement with HHRP Inc. for the Philippines announced last May
  • The B2B market has significant growth potential for LOOT.BET’s white label applications, with minimal investment

MONTREAL, Aug. 04, 2022 (GLOBE NEWSWIRE) — React Gaming Group Inc. (“react to the game“or the”society”) (TSXV: RGG, OTCQB: ITMZF) is pleased to announce that its wholly owned subsidiary LOOT.BET has received GLI-19 certification from Gaming Laboratories International, the leading provider of independent testing, certification and for the global gaming industry. , confirming that the esports online betting platform LOOT.BET complies with the requirements of the applicable technical standards.

“This is great news for React Gaming, as the GLI-19 certification opens many doors in the B2B market and will allow us to offer our LOOT.BET solution as a white label in a large number of countries with significantly fewer regulatory constraints. ,” said Leigh Hughes, CEO of React Gaming. “The certification essentially confirms to countries that require GLI-19 that the LOOT.BET platform operates according to established technical standards.”

“Additionally, GLI-19 was a requirement under our agreement with HHRP Inc. announced on May 17, 2022, which is now fulfilled. We are currently negotiating the revenue sharing portion of the agreement and are working to close the transaction in the coming months. This agreement would allow HHRP to operate a white label LOOT.BET solution in the Philippines, as HHRP is one of only four companies with online gaming licenses in a country of over 109 million people,” added Mr Hughes.

The B2B marketplace is part of LOOT.BET’s two-pronged growth strategy and has multiple benefits for the company, which will offer its platform as a white-label solution to online betting providers with an established customer base in the whole world. Benefits include no customer acquisition or marketing costs, minimal maintenance costs, and the ability to replicate the model in multiple markets. With GLI-19 certification in hand, LOOT.BET will now aim to offer this new solution to its expanded network of Isle of Man licensed countries.

About LOOT.BET
LOOT.BET is a leading company in the sports betting industry, focusing on live betting and online gaming and creating an outstanding product for its more than 500,000 registered users. Backed by a professional operational and software development team of over 50 employees, LOOT.BET is globally recognized both as an established and reliable esports betting platform and as a known supporter of the esports industry and member of the Esports Integrity Commission. For more information, please visit LOOT.BET.

About the React Gaming Group
React Gaming Group (formerly known as Intema Solutions Inc.) (TSXV: RGG) is a publicly traded holding company standing at the forefront of the esports and gaming industry. iGaming. By investing in innovative technologies that improve tournaments, teams and betting, we provide our users with gaming platforms that produce uninterrupted action, exciting results and unparalleled fun. Through the use of smart data, we also connect our sponsors to strong communities within a rapidly changing industry, ensuring maximum engagement and substantial reward. For more information, visit reactgaming.ca and follow us on LinkedIn, Twitter, instagram and Youtube.

Forward-looking statements
This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”. , ‘expects’, ‘believes’ or ‘continues’, or their negative or similar variants. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by such forward-looking statements. and forward-looking statements. statements are not guarantees of future performance. The statements of the Company expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties and conditions, many of which are beyond the Company’s control, and undue reliance should not be placed on these statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company’s business, including: that the Company’s assumptions in making forward-looking statements may prove to be incorrect; adverse general market conditions and competition; the inability to fund operations and/or secure any future strategic investments necessary to implement new technologies; the inability to build a sustainable and conscientious business with a stronger online presence through new products in esports and gaming; failure to obtain or maintain one or more gaming licenses; and that market conditions related to the COVID-19 pandemic could adversely affect the results of the Company’s business or operations, including its results and financial condition. Except as required by securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION
REACT GAMING GROUP INC.
Leigh Hughes
1-514-861-1881
[email protected]

A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c1fe37d4-250d-41cd-ad81-73aca227c0dc

Share.

About Author

Comments are closed.