New B2B revenue-sharing partnership will provide HHRPh with exclusive rights to the LOOT.BET white-label wagering skin in the Philippines
HHRPh owns one of four online gaming licenses in the Philippines, a large market with a population of more than 130 million
B2B market has significant growth potential for LOOT.BET’s white-label applications, requiring minimal capital
Partnership’s goal to launch LOOT.BET skin in the Philippines by April 1, 2023
Montréal, Québec, Canada, November 16, 2022 — React Gaming Group Inc. (“React Gaming” or the “Corporation”) (TSXV: RGG, OTCQB: ITMZF) is pleased to announce that it has signed a definitive subscription master services agreement with HHR Philippines, Inc. (“HHRPh”), allowing HHRPh to hold an exclusive right to use React Gaming’s LOOT.BET cloud-based software (the “Skin”) for the Philippines. The goal of the partnership is to have the Skin operational by April 1, 2023.
“This is major news for React Gaming, as it allows us to tap into the very lucrative and low capital intensive B2B market for the first time,” said Leigh Hughes, CEO of React Gaming. “The Philippines has always been a key target for us due to the size of the market and its interest in esports. Needless to say, LOOT.BET remains very popular within the esports and iGaming community, and entering this market with a large known licensed partner such as HHRPh just made complete sense. We believe that this new B2B business model will allow us to expand our LOOT.BET platform faster and more efficiently, with minimal investment and lower risk, and could represent a win-win solution for both React Gaming and online gaming operators across the globe.”
“Ever since we first looked at LOOT.BET, we have been convinced that it is a great complement to our service offering for our customers in the Philippines, who are online gaming operators and casinos,” said Martin Zupetz, President of HHRPh. “Now that we have finalized our agreement with React Gaming, we are eager to make LOOT.BET available to our customers and are confident that it will be a strong performer. If this model works, we look forward to expanding LOOT.BET’s reach across the Philippines and, in the longer run, to other countries where we do business.”
“It’s also important to understand that this agreement with HHRPh is part of our two-pronged growth strategy to expand LOOT.BET’s reach into the B2C and B2B markets. The advantage of the B2B market is that LOOT.BET’s platform will be offered to established customer bases, thus involving no customer acquisition cost for us. Our partner will offer the white-label LOOT.BET platform as its own to its customers and we will receive a portion of the revenue generated when those customers use the platform. The more popular the platform, the more revenue it will generate. The great thing about this model is that we can replicate it in multiple markets and with multiple online gaming providers at minimal cost,” added Mr. Hughes.
About HHR Philippines, Inc. (HHRPh)
HHRPh is a software and professional service provider of electronic gaming platforms for land-based and online gaming operators. We are registered with the Securities and Exchange Commission of the Philippines and are licensed and accredited by the Philippine Amusement and Gaming Corporation (PAGCOR). We are also the exclusive distributor of Exacta Systems, a leading provider of proprietary systems and games to the historical horse racing industry in the United States of America.
We provide electronic gaming systems and platforms to casinos and electronic gaming hall operators licensed and registered with PAGCOR. Our gaming systems and platforms are either software or website-based and have integrated libraries of electronic games from leading licensed electronic game providers in the industry. These systems and platforms include gaming consoles, player registration, betting and payment gateways that are legally compliant with PAGCOR regulations. HHRPh gaming systems are offered to clients and partners on outright sale or through a revenue-sharing agreement.
About React Gaming Group
React Gaming Group (TSXV: RGG) (OTCQB: ITMZF) 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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