Trading at $0.09, the RLB token is up 11% in the 24-hour time frame and down 45% from its ATH of $0.263.
Rollbit has released its revenue figures for August 2024. The total earnings during the 30-day period in August is $23,690,687.95, which is 14.32% lower than the July revenue of $27,655,239.04. The share of casino, crypto futures, and sports revenues was $17.27 million, $3.98 million, and $2.42 million, respectively.
As part of its Buy and Burn program, Rollbit burned 49,361,108 RLB tokens worth $3,068,484.06 in the 30-day period. This takes the total number of Burnt RLB tokens to 2,532,441,657, or 50.65% of the initial supply of 5 billion tokens.
RLB token, trading at $0.09 at press time (September 9, 2024), is down 45% from the all-time high (ATH) of $0.263, witnessed on November 11, 2023.
Rollbit Asserts Revenue Figures are Real
On September 3, a user posted a screenshot of Rollbit’s total revenue year to date at $596,329,775, with average monthly revenue at $42,594,984, casting a bit of doubt. He wrote, “$RLB is making $500M a year and trades at only $150M market cap? And football season starts Thursday? Am I seeing this correctly or not?”
To this one of Rollbit’s co-founders, Razer, replied, “Keen to jump in here to correct the frequent misconceptions we see regarding our revenue being fake. We’re the FOS partner for Southampton who play in the English Premier League, the most watched football league in the world. We had to go through extensive due diligence to get this over the line which included audited financial statements and a UK gaming licence.”
While verification is difficult, on-chain data aligns with established competitors. Razor emphasized their airdrop and self-funded success, urging users to research before making assumptions.
Rollbit in the UK Market
While Rollbit’s revenue has declined in the past few months, it has been expanding into new markets and forging new partnerships.
In July, Rollbit entered a white-label agreement with Grace Media to enter the UK market. Talking about its UK license, Razer explained in the same X thread, “The UK license was additional ot our existing Curacao license, which the majority of crypto casinos have. The UK license we have is no different to the one other crypto casinos operating in the UK have!”
A Rollbit spokesperson stated, “When we decided to bring the thrill of Rollbit to players in the United Kingdom, we needed a trusted, solutions-driven partner to work alongside us. Grace Media has been next to us every step of the way, providing us with the tailored support required to turn this dream into a reality.”
Charlie Noble, COO at Grace Media, said, “We are absolutely delighted to be Rollbit’s UK gaming partner. Their ambition and mindset align perfectly with our belief in delivering a safe place for the user to experience an entertaining product. This partnership perfectly illustrates the strength and versatility of our solutions, and we’ll be working closely with Rollbit to ensure future success in the UK.”
Grace Media’s portfolio of services includes white labeling, customer support, CRM, fraud prevention, payments, and more.
Front of Shirt Partner
Rollbit secured the front-of-shirt partner for Southampton Football Club in a new sponsorship deal. The club was recently promoted to the Premier League. As per the deal, the Rollbit logo will feature on the front of the Men’s First-Team shirts. The advertising and hospitality at the club’s stadium, St Mary’s, will also feature Rollbit logos.
Rollbit’s Head of Partnerships, Sam Norman, said, “Rollbit is delighted to announce its latest partnership with Southampton FC following on from there incredible win in the playoff final. We feel Southampton is the perfect club to embark on this journey with as we look to continue to expand our presence globally with one of the Premier League’s most respected teams.”
