React Gaming’s LOOT.BET launches Isle of Man licensed site

React <a class=Gaming Group Inc.” data-src=”https://s.yimg.com/ny/api/res/1.2/sgaIvmvnDCHFtf4FlSOa1w–/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTU3OA–/https://s.yimg.com/uu/api/res/1.2/Hjqq5d3wj6SSgGKMaSPn9Q–~B/aD0zMDA7dz0yMTg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/globenewswire.com/5f6ee94bba42500962896a15312fc195″ height=”300″ width=”218″/>

React Gaming Group Inc.

React Gaming Group

Launch of the LOOT.BET site under IOM license

  • The Isle of Man OGRA license allows LOOT.BET online sports betting platform to significantly expand its global reach

  • License benefits also include increased white labeling opportunities, financial and logistical benefits, and a safer environment for gamers worldwide.

MONTREAL, Aug. 02, 2022 (GLOBE NEWSWIRE) — React Gaming Group Inc. (“react to the game“or the”society”) (TSXV: RGG, OTCQB: ITMZF) is pleased to announce that its wholly owned subsidiary LOOT.BET launched its licensed online sports betting platform on July 31, 2022 in the Isle of Man. This new license will greatly expand LOOT.BET’s global reach and facilitate its operations in these countries.

“This is truly a huge step forward for LOOT.BET’s expansion plans into both B2C and B2B markets,” said Leigh Hughes, CEO of React Gaming. “In addition to providing players with the most compelling betting solutions, we will be able to offer white label solutions to a much larger market, empowering us to expand the global reach of LOOT.BET and build our brand awareness in the esports space.”

In the next few days, LOOT.BET plans to transfer the majority of its current players to the Isle of Man license.

The Isle of Man promotes the highest standards of judicial review in the gambling industry, with extremely high ethical standards for owners and investors, making its license one of the most difficult to acquire. The Isle of Man Gaming Supervisory Commission issues the fewest licenses per year. In addition, the license granted by this regulatory body has many financial and logistical advantages that will allow React Gaming, through its LOOT.BET platform, to continuously provide fun, safe and responsible gaming experiences to players around the world. .

About LOOT.BET
LOOT.BET is a leading company in the sports betting industry, focusing on live betting and online gaming and creating an outstanding product for its more than 500,000 registered users. Supported by a professional operational and software development team of over 50 employees, LOOT.BET is globally recognized not only as an established and reliable esports betting platform, but also as a known supporter of the esports industry and member of the Esports Integrity Commission. . For more information, please visit LOOT.BET.

About the React Gaming Group
React Gaming Group (formerly known as Intema Solutions Inc.) (TSXV: RGG) is a publicly traded holding company standing at the forefront of the esports and gaming industry. iGaming. By investing in innovative technologies that improve tournaments, teams and betting, we provide our users with gaming platforms that produce uninterrupted action, exciting results and unparalleled fun. Through the use of smart data, we also connect our sponsors to strong communities within a rapidly changing industry, ensuring maximum engagement and substantial reward. For more information, visit reactgaming.ca and follow us on LinkedIn, Twitter, instagram and Youtube.

Forward-looking statements
This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”. , ‘expects’, ‘believes’ or ‘continues’, or their negative or similar variants. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by such forward-looking statements. and forward-looking statements. statements are not guarantees of future performance. The statements of the Company expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties and conditions, many of which are beyond the Company’s control, and undue reliance should not be placed on these statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company’s business, including: that the Company’s assumptions in making forward-looking statements may prove to be incorrect; adverse general market conditions and competition; the inability to fund operations and/or secure any future strategic investments necessary to implement new technologies; the inability to build a sustainable and conscientious business with a stronger online presence through new products in esports and gaming; failure to obtain or maintain one or more gaming licenses; and that market conditions related to the COVID-19 pandemic could adversely affect the results of the Company’s business or operations, including its results and financial condition. Except as required by securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION
REACT GAMING GROUP INC.
Leigh Hughes
1-514-861-1881
[email protected]

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