Rivalry has announced three members of its C-suite and several board members have departed the business, as it continues to review its operations after shuttering its platform in February.
Interim CFO Demi Abidogun-Benson, COO Kevin Wimer and chief technology officer Ryan White have all resigned with immediate effect.
Stephen Rigby, Steven Isenberg, White and Wimer have also resigned from the board of directors.
The exits mean CEO Steven Salz is the only remaining member of the C-suite and board left at the operator.
Salz, White, Wimer and Isenberg all co-founded the business in 2016.
Salz, White and Wimer all previously worked together at LootMarket, an online marketplace for virtual items and skins in the popular videogame series CS:GO and Dota2.
Abidogun-Benson stepped up to become Rivalry’s interim finance chief in August 2024. She joined Rivalry from Deloitte Canada in February 2022.
Rigby previously served as CEO and president of the Ontario Lottery and Gaming Corporation.
Having started life out as an esports-focused operator in 2016, Rivalry went public in 2021 after raising $22m of funding. It then pivoted to VIPs and crypto from 2024 onwards.
In February, the Toronto-based operator announced a “significant workforce reduction” and an evaluation of business strategy after closing its online platform.
Rivalry noted it was considering asset-level and corporate transactions with third parties.
The company’s B2C website currently reads: “Rivalry’s operations have now ceased. Player access is no longer available through this site.”
Despite reports of record performance in Ontario for Q4 2025, the operator remains debt laden.
The business is now trading at C$0.005 (£0.0027) following its latest announcement, down from $0.05 at the beginning of February.
Rivalry confirmed it would provide further updates in due course.
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The post Rivalry confirms C-suite and board exits as strategic review continues first appeared on EGR Intel.
Toronto-based operator’s co-founders depart as firm grapples with operational review which has seen mass redundancies take place and B2C site shutter
The post Rivalry confirms C-suite and board exits as strategic review continues first appeared on EGR Intel.