Esports Gambling Report, April 2023: Rivalry, 1xBet, Pinnacle

Image credit: Esports Insider

Compared to previous months, esports betting news in April was relatively low in terms of quantity. However, when it came to quality, last month did not disappoint. Headlined by Rivarly’s investment raise, there were also notable partnerships that helped bolster certain organisations’ commercial portfolios

Esports Insider has created a list of the top esports gambling stories of the month. To find out more click the titles of the stories.

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Spotlighted story:

esports around the world usa ESI
The Esports Around The World series will profile major esports nationals across the globe.

Esports Around The World is a series of profiles outlining the esports ecosystem in various countries globally. The series ties into ESI’s international esports business events, which take place around the world.

The esports commercial market in the US is the second largest in the world, behind China, however the country leads when it comes to industry investment.

Image credit: Rivalry

Esports betting company Rivalry has announced a private placement financing resulting in proceeds of up to CAD $10 million (~£5.8m).

Led by bookmaker Pinnacle, the financing round will enable Rivalry to accelerate its growth opportunities and operational goals. This month the company also revealed its financial results for 2022 as a whole.

Talon Esports x 1XBET
Image credit: Talon Esports

Hong-kong based esports organisation Talon has announced a partnership with bookmaker 1xBet.

The online betting and gambling company will now serve as Talon’s main partner for its Dota 2 division. Organisations such as OG Esports, Natus Vincere and HellRaisers have previously been sponsored by 1xBet.

Image credit: Pinnacle

The Pinnacle Cup, a CS:GO tournament series organised by sports and esports betting company Pinnacle, has announced it will return to run more CS:GO events in 2023.

The Cup will feature four new tournaments during the year and will include a brand new Brazilian circuit which will consist of two events. The Pinnacle Cup is a CS:GO tournament series that is organised by Pinnacle. The latest edition of the tournament took place in 2022, followed by a break.

godsent and coolbet partnership
Image credit: Godsent / Coolbet

Swedish esports organisation Godsent has announced a partnership with Estonian betting operator Coolbet.

Coolbet becomes the main sponsor for Godsent’s CS:GO team as well as the exclusive sportsbook partner of the organisation. Financial details and the duration of the partnership were not disclosed. Coolbet, betting company based in Talinn, Estonia, was founded in 2016. The company is owned by GAN Ltd and has licences in Malta, Estonia and Sweden.

furia renews partnership with pokerstars
Image credit: FURIA

Brazilian esports organisation FURIA has renewed its partnership with online poker platform PokerStars for the third consecutive year.

Both parties will collaborate to arrange an exclusive freeroll poker tournament for their respective communities as a way of commemorating the renewal. From April 14th onwards, participants can engage in one-on-one matches against FURIA pros and compete for a chance to win prizes.

Image credit: GRID

Esports data and analytics company GRID has announced a partnership with tournament organisers IO Esports and EPULZE ahead of their upcoming Dota 2 Major in Bali.

GRID will provide data services for the event, including data distribution and management. The company will also offer data-related security services and integrity monitoring. The estimated dates for the Bali Major are June 30th to July 9th 2023.

Esports Insider