Rivalry has announced a number of changes to its board of directors and management teams.
This comes as part of its ongoing operational transition that was announced a few months ago.
Stephen Rigby, Steven Isenberg, Ryan White, and Kevin Wimer have resigned from the company’s board of directors, effective as of 24 April.
In addition, White resigned from his role as Chief Technology Officer and Wimer resigned from his role as Chief Operating Officer.
Demi Abidogun-Benson also resigned from her position as Interim Chief Financial Officer at the company.
Rivalry had been performing below expectations for some time, prompting the company to introduce “substantial cost reductions” in February.
The operator also explained that it was engaging with other companies to discuss a potential transaction of the company.
As part of this, Rivalry reduced its operations and encouraged players to withdraw any funds still deposited on the website.
This was despite “record” revenue in Rivalry’s Q3 report last year, which saw a net revenue of CA$1.9m (US$1.4m) throughout the period, equating to an increase of 19% year-over-year.
On this achievement, Steven Salz, Rivalry CEO and Co-Founder, said: "Q3 2025 reflects the continued momentum we've built throughout the year.
"We increased revenue for the third straight quarter, reduced costs again on a year-over-year basis and materially improved our loss profile. Alongside the completion of our financing and debt restructuring post-quarter, Rivalry enters its next chapter on a stronger, more sustainable foundation."
On the matter of its personnel changes, Rivalry said that it would provide further updates as appropriate.
Since its launch in 2018, Rivalry has created online casino and sports betting services aimed at Gen Z and Millennial players
