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Message: VIDEO - React Gaming $RGG Heads Into 2023 With 3 Headed Esports & iGaming Ecosystem Including Betting Platform, Tournament Platform & Esports Team
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VIDEO - React Gaming $RGG Heads Into 2023 With 3 Headed Esports & iGaming Ecosystem Including Betting Platform, Tournament Platform & Esports Team
Their timing couldn’t be better because the global online gambling market could potentially hit $1 TRILLION by the end of this decade. The obvious reasons include the following:
Exponential growth in the number of people online. Only 59% of the world being connected means more to come.
Fast growth in the number of countries and jurisdictions legalizing gambling to collect tax revenue.
Esports already fastest growing sub-sector of digital entertainment, & Covid 19 accelerated it
By 2023, there are expected to be 646M global viewers of esports worldwide, a large increase from the 245M in 2019
Global esports revenues increased to $1.41 billion in 2020, and are expected to grow at a compound annual growth rate (CAGR) of 24.4% from 2020 to 2025
Highlights Include:
Q2 revenue increased to $845,543 from $39,902 in Q2 2021 = a 2067% increase
$5,000,000 private placement
1st tranche closed for 6,350,000 Units for gross proceeds of $635,000
Assets Overview:
LOOT.BET - World Leading Esports Betting Platform
Q2 represents first fully-integrated quarter of operations since the acquisition of LOOT.BET on February 18, 2022
Launched Isle of Man-licensed online esports betting platform
Obtained GLI-19 certification
Signed partnership agreement with Oddin.gg
Signed white label agreement with HHRP for the Philippines
PARABELLUM ESPORTS - Professional NAL Rainbow6 esports team
Revenue through sponsorships, prize money and merchandise
Currently 450,000 followers
Parabellum Esports secures first paid sponsorship with Shakepay