Toronto-based esports betting platform Rivalry has introduced that Stephen Rigby, Ontario Lottery and Gaming Company’s former President and CEO, will be part of its board of administrators.
Rigby’s appointment, which is slated to be permitted on the firm’s subsequent shareholder assembly, is claimed to characterize ‘a important step in Rivalry’s journey to changing into a world participant in regulated on-line sports activities betting,’ in accordance with a launch.
Photograph credit score: Chris Roussakis/ Nationwide Publish
RELATED: Rivalry: A contemporary perspective on esports betting
Rigby spent 5 years because the President and CEO of the Ontario Lottery and Gaming Company the place he was answerable for the operation and transformation of Canada’s largest provincial gaming firm. He was additionally beforehand Canada Border Providers Company’s President and held the Deputy Ministerial place of Nationwide Safety Advisor to the Prime Minister of Canada.
Steven Salz, Co-Founder and CEO of Rivalry, commented on the corporate’s newfound board member: “I’m thrilled that Stephen Rigby has agreed to affix our board of administrators. He has outstanding expertise main the biggest regulated gaming enterprise in Canada and might be a useful member of our organisation as gaming laws proceed to evolve right here in Canada and all over the world.
“His resolution to affix Rivalry at the moment marks an essential inflection level in our enterprise. Stephen brings vital strategic and operational expertise that we’re assured will assist additional execute on our imaginative and prescient to offer the most secure and most partaking sports activities betting and sports activities media expertise on this planet for a brand new demographic coming into the fold of sports activities betting.”
RELATED: Rivalry CEO Steven Salz on analyzing the esports betting viewers
Since founding in 2018, Rivalry has turn out to be a widely known model within the esports betting sector. The sportsbook has inked a number of notable partnerships with groups, akin to Fnatic, beastcoast, and FURIA, in addition to quite a few content material creators.
Simply final month, Rivalry introduced a $20m funding spherical to scale its operations and nation licensing programme. The corporate additionally introduced its intention to pursue an preliminary public providing, anticipated to be accomplished later this 12 months, and would be part of the likes of Luckbox and Esports Leisure Group as publicly-traded esports betting firms.
On his appointment, Rigby added: “I’m very excited to be becoming a member of the board of such a dynamic homegrown worldwide participant within the sports activities betting business. Rivalry’s built-in media and betting technique is forward-looking, and will get me impressed concerning the alternative forward not only for Rivalry, however the business as an entire. I’m thrilled to collaborate with such a motivated and hands-on crew.”
Esports Insider says: Rigby seems to be a robust candidate for Rivalry’s board and consultant of the momentum the corporate has demonstrated in latest instances. Rivalry has taken on an admirable position as a betting model capable of efficiently faucet into the tradition and pleasure of esports by means of its media division, which, is more likely to pave the runway for its continued market management on this space of the business.