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.