Isle of Man OGRA license allows LOOT.BET online esports betting platform to significantly expand its global reach
Licence benefits also include increased white-label opportunities, financial and logistical advantages and a safer environment for gamers everywhere
Montreal, Quebec, Canada, August 2, 2022 — React Gaming Group Inc. (“React Gaming” or the “Corporation”) (TSXV: RGG, OTCQB: ITMZF) is pleased to announce that its wholly-owned LOOT.BET subsidiary has launched on July 31, 2022 its Isle of Man-licensed online esports betting platform. This new license will significantly expand LOOT.BET’s global reach and facilitate its operations throughout these countries.
“This is truly a huge step forward for LOOT.BET’s expansion plans in the B2C and B2B markets,” said Leigh Hughes, CEO of React Gaming. “In addition to providing gamers with the most compelling betting solutions, we will be able to offer white-label solutions to a much larger market, giving us the means to expand LOOT.BET’s global reach and strengthen our brand awareness in the esports space.”
In the coming 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 jurisdictional control in the gaming industry, with extremely high ethical standards for owners and investors, making its license one of the toughest to acquire. The Isle of Man Gambling Supervision Commission gives out the fewest licenses per year. In addition, the license granted by that regulatory body has many financial and logistical benefits that will allow React Gaming, through its LOOT.BET platform, to offer continuously fun, safe and responsible gaming experiences for gamers around the world.
LOOT.BET is a leading company in the esports betting sector, with a focus on live betting and online gaming and building an exceptional product for its 500,000+ registered users. Supported by a professional operational and software development team of over 50 employees, LOOT.BET is world-renowned not only as an established and reliable esports betting platform, but also as a known supporter of the esports industry and a member of the Esports Integrity Commission. For more information, please visit LOOT.BET.
About React Gaming Group
React Gaming Group (formerly known as Intema Solutions Inc.) (TSXV: RGG) is a publicly traded holding company that stands at the forefront of the esports and iGaming industry. By investing in innovative technologies that enhance tournaments, teams and wagering, we provide our users with gaming platforms that produce non-stop action, exciting outcomes and unparalleled enjoyment. Through the use of intelligent data, we also connect our sponsors to robust communities within the rapidly evolving industry, ensuring maximum engagement and substantial reward. For more information, please visit us at reactgaming.ca and follow us on LinkedIn, Twitter, Instagram and YouTube.
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