GLI-19 certification makes it possible for LOOT.BET to offer white-label solutions (skins) in a large number of countries, including those served through its Isle of Man license
GLI-19 also satisfies the requirement under the white-label revenue-sharing agreement with HHRP Inc. for the Philippines announced last May
B2B market present significant growth potential for LOOT.BET’s white-label applications, with minimal investment
Montreal, Quebec, Canada, August 4, 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 received GLI-19 certification from Gaming Laboratories International, the leading provider of independent testing, certification and assessment services for the global gaming industry, confirming that the LOOT.BET esports online betting platform complies with the requirements of applicable technical standards.
“This is great news for React Gaming, as the GLI-19 certification opens a lot of doors in the B2B market and will allow us to offer our LOOT.BET white-label solution in a large number of countries with significantly fewer regulatory constraints,” said Leigh Hughes, CEO of React Gaming. “The certification basically confirms to countries that require GLI-19 that the LOOT.BET platform works within established technical standards.”
“Furthermore, GLI-19 was a requirement under our agreement with HHRP Inc. announced on May 17, 2022, which has now been fulfilled. We are currently negotiating the revenue-sharing portion of the agreement and working on closing the transaction in the coming months. This agreement would allow HHRP to operate a LOOT.BET white label solution in the Philippines, HHRP being one of only four companies holding online gaming licences in a country of more than 109 million people,” added Mr. Hughes.
The B2B market is part of LOOT.BET’s two-pronged growth strategy and has multiple benefits for the company, which will offer its platform as a white label solution to online betting providers with established customer bases around the world. Benefits include the absence of customer acquisition or marketing costs, minimal maintenance costs and the possibility of replicating the model in multiple markets. With the GLI-19 certification in hand, LOOT.BET will now aim to offer this new solution to its expanded network of Isle of Man licensed countries.
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 both as an established and reliable esports betting platform and 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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