React Gaming: Discussing Company Rebranding and Financial Situation
InvestorSarfari Comments:
Short, Sweet and to the point interview, lasting merely a few minutes. In summary, Compete.gg now has over 1100 active users as the platform gets stronger and grows a repeat player base. (An overview of React Gaming Group’s full ecosphere of subsidiaries can be found in the comments section here, as well as a light overview of the gaming market, here)
With $14 million in assets and only $11 million in liabilities, React Gaming is well positioned to move forward with $3 million in the bank for tactical maneuvers.
CEO Laurent Benezra smartly keeps the cost of acquisition of new customers much less than rivals. This is very good news, as the gaming business is capital intensive when it comes to marketing and advertising.
We’re eagerly awaiting future financing results to see the progress. Possible milestones to look forward to: more acquisitions, a ramping up of revenue streams and expansion into new markets (see the latest victory announcement here).