Rivalry Corp sparks shutdown fears as it scales back operation

Rivalry Corp. is pulling back sharply on its day-to-day business as its board considers what comes next for the company.

The Toronto-based online betting and gaming operator said Friday (February 13) that directors have signed off on a major scale-down of operations. The move comes after months of uneven performance that have put pressure on the business and forced leadership to rethink its direction.

Effective immediately, Rivalry has begun cutting costs across the organization...