Rivalry retains Generation IACP for marketing agreement

July 14, 2023
By
Leer en Español

Generation will offer market making services to potentially boost Rivalry shares.

Global regulated sports betting and media company Rivalry has selected Toronto-based Generation IACP to “provide market making services with the objective of maintaining a reasonable market and improving the liquidity of Rivalry’s subordinate voting shares.” The pending agreement is subject to approval by the TSX Venture Exchange.

Under the conditions of the issuer trading services deal, Rivalry will pay Generation CAD $7,500 in monthly fees, along with applicable taxes. Both companies have agreed upon a six-month initial term, with a proviso that allows for additional six-month renewal periods, so long as the request is submitted in writing at least 30 days before the term expires.

After a year, Generation’s fee will increase by 3% annually, according to the terms of the deal. The agreement allows for Generation to terminate the deal “at any time upon prior written notice,” the company will not gain any Rivalry options or shares as payment.

Rivalry outlined the terms further and noted that both companies function independently. The group said in a statement, “Rivalry and Generation are unrelated and unaffiliated entities.Generation has informed the company that it does not currently own any securities of Rivalry. However, Generation and its clients may acquire a direct interest in the securities of the company.”

Rivalry recently launched its interactive casino platform, Casino.exe, which contains the company’s current and future titles. The platform features four recently developed titles, including Penalty Shootout, Bomb Squad, Wheel of Time and Courier Sweeper.

Rivalry designed Casino.exe as a virtual interface that allows users to access titles from the brand’s third-party casino titles within an interactive online space.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

gga
The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
GA
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
terre
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
andrew
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.