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Message: VIDEO - React Gaming $RGG Q3 Revenue Increases 2,400% To $790,000. Incorporating Artificial Intelligence Into Esports Tournament & Betting Platform

VIDEO - React Gaming $RGG Q3 Revenue Increases 2,400% To $790,000. Incorporating Artificial Intelligence Into Esports Tournament & Betting Platform

posted on Feb 02, 2023 05:35PM

React Gaming (RGG) (ITMZF) is an emerging esports and iGaming company  that is creating the world’s foremost esports and iGaming ecosystem by combining:

  • LOOT.BET - A World Leading Esports Betting Platform
  • PARABELLUM ESPORTS - Professional NAL Rainbow6 esports team
  • COMPETE - Enhanced peer-peer esports tournament platform 

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

  • This year 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 to $1.87 billion by 2025 

Q3-2022 Highlights

  • Q3 revenue increased to $792,164 from $32,918 in Q3 2021 = 2,375%
  • Recent corporate and operational highlights:
    • Leigh Hughes appointed as permanent CEO
    • Parabellum Esports partners with XP League
    • React Gaming signs definitive B2B agreement with HHR Philippines Inc.
    • Parabellum Esports partners with Viral Nation

ESPORTS & IGAMING ASSETS OVERVIEW

 

LOOT.BET  World Leading Esports Betting Platform

  • 525,000 registered players
  • Owner of Isle of Man and Curacao online betting licenses

PARABELLUM ESPORTS Professional NAL Rainbow6 esports team

  • Revenue through sponsorships, prize money and merchandise
  • Currently 450,000 followers
  • Was nominated for Best Esports Org for the Canadian Game Awards in 2022

COMPETE: Enhanced peer-peer esports tournament platform. Supported games: Fortnite & COD

  • Currently 12,000+ registered users and 51,000 legacy users. 
  • New player in the esports online tournament space.
  • Leading-edge platform functionalities and features versus peers.
  • Sector validation from Sony and Microsoft through recent acquisitions

 

REACT GAMING TO INTEGRATE AI INTO COMPETE.GG AND LOOT.BET PLATFORMS

 

Earlier this week the company announced plans to enhance the capabilities of its online esports tournament and betting platforms, Compete.gg and LOOT.BET, through the integration of artificial intelligence (AI) applications and machine learning (ML) techniques.

 

https://agoracom.com/ir/ReactGamingGroup/forums/discussion/topics/786961-react-gaming-to-integrate-ai-into-compete-gg-and-loot-bet-platforms/messages/2376658#message

 

What did CEO Leigh Hughes have to say about this?

 

AI can help improve tournament organization and player engagement, provide valuable insights for sponsors, and streamline betting and wagering processes, amongst many other applications that could benefit Compete.gg and LOOT.BET. This is why we will focus in 2023 on enhancing our AI capabilities in both our online esports platforms.” 

 

Now, sit back, relax and watch this powerful interview. 



 

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