Rivalry Corp. is cutting back its operations as it weighs its next move. The board has approved a sharp scale-down while the Rivalry strategic alternatives process runs in parallel. Discussions with third parties are ongoing, but there is no confirmed deal.

• The company is materially reducing its operating activity following recent performance volatility. Management said it is in talks with external parties about potential transactions. As part of the Rivalry strategic alternatives review, the board is assessing whether a broader deal or restructuring can be achieved.

• Immediate cost controls are being rolled out across the business. These include a substantial workforce reduction and lower operating expenses. The move is designed to conserve cash while the Rivalry strategic alternatives process continues.

• Player activity on the platform has been paused, with withdrawals being processed in the ordinary course. The review includes asset sales, corporate transactions and restructuring options. Rivalry said there is no assurance that any transaction will be completed or that operations will continue in their current form.

• The measures affect Rivalry Limited, the group’s wholly owned online gambling business, which includes its regulated esports betting, traditional sports betting and online casino operations under licences in the Isle of Man and registration in Ontario. All verticals offered through the Rivalry platform are impacted while the Rivalry strategic alternatives process is under way.

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