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Rivalry reports Q1 2024 betting handle of CA$94.7m

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Rivalry reported Q1 2024 betting handle of CA$94.7 million, up 11% from the prior quarter, and net revenue of CA$4.5 million, up 51%. Gross gaming revenue was CA$7.7 million, a 20% sequential increase; the company reported a net loss of $5.2 million. Rivalry said its casino segment generated 59% of betting handle and 19% of gross gaming revenue.

Rivalry’s rising handle and revenue contrast with its net loss, while casino activity generated a larger share of handle than gross gaming revenue.

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