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Message: VIDEO - Riot API Grant To React Gaming Esports Tournament Platform Creates Potential Access To 80 Million+ League Of Legends Players For Compete.gg

VIDEO - Riot API Grant To React Gaming Esports Tournament Platform Creates Potential Access To 80 Million+ League Of Legends Players For Compete.gg

posted on Jul 12, 2022 07:00AM

React Gaming Group $RGG $ITMZF is an emerging esports and iGaming company  that is creating an Esports adventure like no other by creating the world’s foremost esports and iGaming (online gambling) ecosystem.

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.  Yet only 59% of the world means more to come. 
  • Fast growth in the number of countries and jurisdictions legalizing gambling to collect tax revenue.

Esports was already the fastest growing sub-sector of digital entertainment, and Covid 19 only accelerated this trend.

  • 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

Despite the vast amount of viewers, esports is still dramatically under-monetized relative to traditional sports. $RGG believes wagering will play a major role in helping monetize this ever evolving platform with the following elements:

LOOT.BET

  • World Leading Esports Betting Platform LOOT.BET
  • $92M total bets 2020
  • 500,000 + registered users
  • $4.8M rev / $115,000 Profit

PARABELLUM ESPORTS

  • Professional NAL Rainbow6 esports team
  • Revenue through sponsorships, prize money and merchandise
  • Currently 450,000 followers

COMPETE.GG

  • Enhanced peer-peer esports tournament platform
  • free-to-enter tournaments that offer cash prizes
  • Featuring fortnite
  • Currently 10,000 registered users .. and counting

And Compete.gg is the focus of today’s interview thanks to $RGG announcing Compete.gg was granted an API by Riot Games $RIOT - with a market cap of $750,000,000 on NASDAQ and the most player-focused game developer and publisher in the world, including League of Legends with close to 80,000,000+ players around the world.

Why is this important?

  • New API expands Compete.gg’s competitive game offering to a whole new level with the addition of League of Legends to its esports tournament platform
  • Provides better gaming experience with new functionalities such as multiplayer game modes and access to full stat profiles
  • Enhanced product offering in line with Compete.gg’s vision of offering the best gaming experience via its platform and valuable gaming insights through its main social media channels: TikTok, Discord and YouTube

 

What did Leigh Hughes, CEO of React Gaming have to say?

“Esports is poised for tremendous growth globally. According to Grand View Research, the global esports market is expected to reach US$12.5 billion by 20301, but we are still at the beginning of this emerging growth. Compete.gg has achieved a lot in little time with little means and has lots of space to grow. We are convinced that our strategy of putting gamers’ needs first, combined with the addition of leading games such as League of Legends, which currently has an average of 80 million active players, has the potential to boost Compete’s brand awareness and, ultimately, its number of registered users. This in turn will allow us to monetize this remarkable asset so that we can implement the next phase of our growth strategy.”

Now sit back, relax and watch this powerful interview with Ty Root, CEO of Compete.gg



 

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