Key points:
- Rivalry has launched a strategic review process, engaging XST Capital Group as an advisor
- A $650,000 senior loan has been secured to support future initiatives
- The review will explore options for maximising long-term stakeholder value
Rivalry has announced a strategic review aimed at optimising long-term stakeholder value.
The company’s Board of Directors has engaged XST Capital Group, a boutique investment bank specialising in digital gaming, to advise on the process.
The review will consider a broad range of potential strategic alternatives, although no specific decisions have been made at this stage.
Commenting on the development, Rivalry’s CEO and Co-Founder Steven Salz stated: "We have built a strong foundation in the online gaming sector, delivering an exceptional experience for our players while driving operational excellence.
“This review is a natural step in assessing how we can best create long-term value for our stakeholders while continuing to enhance our world-class gaming platform.”
In conjunction with the review, Rivalry has secured a senior unsecured loan of $650,000 from its existing senior lender. The loan carries a 10% annual interest rate and matures on 30 September 2025.
The additional capital hopes to provide the company with greater flexibility as it explores potential strategic initiatives.
This development follows Rivalry’s 2024 partnership with Sports Information Services (SIS), through which it added more than 150,000 eBasketball and eSoccer games to its platform.
