In February of 2022, React Gaming, then named Intema Solutions, completed its acquisition of LOOT.BET’s parent organisation, Livestream Gaming. It was a landmark deal, giving React Gaming an instant and powerful foothold in the esports betting industry. As a key part of that deal, React Gaming was tasked with securing a prestigious Isle of Man betting license – which it did. Now, React has officially announced the launch of the Isle of Man-licensed LOOT.BET platform.
Reportedly, the majority of LOOT.BET’s user base will be migrated over to the Isle of Man license. As one of the toughest and most expensive betting licenses to acquire, certification from the ‘OGRA’ is deeply indicative of the legitimacy of both React Gaming and LOOT.BET’s position in the industry. It’s a license that boasts the ‘highest standards of jurisdictional control’ in the gaming industry.
React Reaching Further
Before the acquisition deal was closed in February, React Gaming’s leadership spoke highly of the LOOT.BET platform. In a statement, executive Laurent Benezra praised the site, saying ‘LOOT.BET’s online gaming platform is second to none and has great market and scaling potential.‘ Since the deal was completed, LOOT.BET Esports has gone from strength to strength, with developers working hard to establish it as a real cornerstone of esports betting.
Now, React Gaming prepares to put the top-tier Isle of Man betting license to work, seeking to ‘significantly expand LOOT.BET’s global reach’. Currently, it’s estimated that there are more than 500,000 active users on the LOOT.BET platform, and the migration from a Curacao license to an Isle of Man license will likely bring massive growth to that figure. In a statement, CEO of React Gaming, Leigh Hughes, said:
This is truly a huge step forward for LOOT.BET’s expansion plans into both B2C and B2B markets. In addition to providing players with the most compelling betting solutions, we will be able to offer white label solutions to a much larger market, empowering us to expand LOOT.BET’s global reach and build our brand awareness in the esports space.
Look at LOOT.BET
As a platform, LOOT.BET has been building a steady following for quite a while. It’s an esports betting site through and through, boasting iconic imagery and promotions specific to certain top-tier tournaments. For esports bettors looking to place wagers on the likes of CSGO, Call of Duty, or Rainbow Six, it’s essentially a one-stop shop.
Now, with the Isle of Man license in place, more users will be able to take advantage of the platform and all that it offers.