California-based leading platform for esports cash matches and tournaments, OkLetsPlay has reportedly announced securing a seeding investment of USD 1 million from the global players Riva Technology and Entertainment (RTE). It has been speculated that the investment is expected to escalate former company’s growth by enabling the expansion of its user base and platform.
Official reports suggest that RTE would boast of a significant minority stake in the company, and CEO of RTE, Paul Roy, will potentially join OkLetsPlay’s board of directors. Through this move, Mr. Roy is seeking to bring in more than 25 years of experience in gaming, along with an innovative global mindset to the rapidly transforming the gaming industry.
Moreover, Paul Roy, in a statement mentioned that the team at OkLetsPlay has developed an extraordinary platform and secured patents around the tech they have been using over a while now, looking forward to taking over a big chunk of the money gaming industry-a move which RTE believes will be the next big thing in the upcoming years. He further stated that the one million dollar investment would grant OkLetsPlay an easy access to RTE’s global network and expertise.
On the other hand, Founder and CEO of OkLetsPlay-Russell M. Aleksey cited that with the recent investment from Riva Tech and Entertainment, the company is well-positioned to undertake a big splash in the real money esports gaming market for both web gaming and mobile as well as competitive PC esports scene. He added that RTE’s investment is likely to augment OkLetsPlay’s proprietary tech and service platform onto the main stage around the globe.
For the record, OkLetsPlay supports two of the biggest game titles in competitive esports including CS:GO and League of Legends. These games have been allowing users to compete or establish real money tournaments and matches in a secured and seamless manner.