Rivalry has kicked off a fresh review to rethink its next big moves. The company wants to boost long-term value for everyone involved. This plan, focused on Rivalry strategic alternatives, could mean major changes ahead.

• Rivalry’s Board of Directors has started a full review of strategic alternatives, aiming to increase long-term stakeholder value. They’ve brought in XST Capital Group, a digital gaming-focused investment bank, to advise the process. The review will consider different paths for the company to grow and adapt.

• The move is tied to Rivalry’s goal of staying competitive and keeping up with market shifts. The Board sees this as a way to support responsible corporate governance. They plan to explore options that make the most of Rivalry’s position in digital betting and gaming.

• To help fund this strategic review, Rivalry secured a US$650,000 senior unsecured loan. It comes from their existing senior lender and matures on September 30, 2025. The interest rate on the loan is 10% per year. The loan gives Rivalry added flexibility while they explore their options. It also shows continued backing from the company’s lender. Rivalry says the funding reinforces their efforts to pursue new strategic opportunities.
• Rivalry’s CEO, Steven Salz, said the company has built a strong presence in online gaming. He noted, “This review is a natural step in assessing how we can best create long-term value for our stakeholders.” The focus will remain on serving its digital-first player base.

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