CALGARY, AB, March 4, 2021 /CNW/ - Real Luck Group Ltd.
(TSX.V: LUCK) (the "Company") and its subsidiary companies doing
business as "Luckbox" (the "Group"), a provider of legal, real
money esports betting, is pleased to announce that it has become an
official member of the Canadian Gaming Association ("CGA"), the
national trade association of the gaming industry in Canada. The membership became effective on
February 18, 2021.
![Luckbox offers real-money wagering on esports and sports (CNW Group/Real Luck Group Ltd.) Luckbox offers real-money wagering on esports and sports (CNW Group/Real Luck Group Ltd.)](https://mma.prnewswire.com/media/1449697/Real_Luck_Group_Ltd__Luckbox1.jpg)
"Joining the CGA is an important step for us and our igaming
experience has shown that a unified voice across the industry is
key to driving and evolving public policy that is fair to all
stakeholders," said Luckbox CEO Quentin
Martin. "We are joining CGA at a key inflection point in the
Canadian betting industry and we are optimistic that the
legalisation of single-event wagering in Canada is on the horizon to give esports and
gaming fans in Canada the option
to bet on their favourite events in a safe and regulated
environment. We know that esports is a large and growing market in
Canada, and fans are demanding
betting on matches. Luckbox's proprietary award-winning platform is
that platform for Canada, offering
wagering on 13 major esports as well as sports betting. With CGA
member support, legalisation, regulation and working with
responsible operators is the best means to keep fans safe and offer
them the best possible experience."
"I am pleased to welcome Luckbox as the newest member of the CGA,"
commented Paul Burns, President and
CEO of the Canadian Gaming Association. "We are excited that a
Canadian played sports betting and iGaming technology company that
is poised to take advantage of the anticipated changes to the
Canadian gaming landscape has joined the association. They have
shown that they can operate in highly regulated markets globally
and Canada presents a great
opportunity for their business here at home. We look forward to
working together and to assisting the growth of this new segment in
any way we can."
About the Canadian Gaming Association
The Canadian Gaming Association (CGA) is a national trade
association that works to advance the evolution of Canada's gaming industry. The association's
mandate is to promote the economic value of gaming in Canada; use research, innovation, and best
practices to help the industry advance; and create productive
dialogue among stakeholders. Visit www.canadiangaming.ca to learn
more about the CGA and gaming in Canada.
About Luckbox
The Company is an award-winning betting company that offers
legal, real-money betting, live streams, and statistics on all
major esports and sports on desktop and mobile devices. The Company
has a Business-to-Consumer (B2C) platform, and by leveraging shared
technology, data, and resources, the Company can offer an extensive
range of betting options for esports tournaments. The Company's
in-house customized user interface and user experience, built on a
technology stack that supports multiple odds and streaming sources,
allows the Company to deliver deep esports betting coverage. The
Company has been built by a team combining experience in the
igaming industry and a passion for esports to offer players a
unique, broad, engaging, and legal CS:GO betting, Dota 2 and League
of Legends betting experience. The Company serves esports fans in
more than 80 territories across the globe. In November 2020, Luckbox was named Rising Star at
the EGR Operator Awards. The Company (via the Group) holds a full
licence under the Online Gambling Regulation Act (OGRA), issued by
the Isle of Man Gaming Supervision Commission. As the Group is
fully licensed in the Isle of Man for B2C and B2B esports &
sports betting and casino, the Company has access to favourable
payment processors. Luckbox is committed to supporting responsible
gambling.
CAUTION WITH RESPECT TO FORWARD-LOOKING STATEMENTS
The TSX Venture Exchange has neither approved nor
disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements: This
release includes certain statements and information that may
constitute forward-looking information within the meaning of
applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts, including
statements regarding future estimates, plans, objectives, timing,
assumptions or expectations of future performance, including
management's perception of the importance of membership in the CGA
and its role in driving public policy discussions, the Company's
beliefs regarding the timing and likelihood of legalized
single-event wagering in Canada,
the Company's beliefs regarding the best and safest way for bettors
to wager on sports and esports and statements regarding the
Company's position in the Canadian market and ability to take
advantage of anticipated changes in the Canadian gaming landscape
are forward-looking statements and contain forward-looking
information. Generally, forward-looking statements and information
can be identified by the use of forward-looking terminology such as
"intends" or "anticipates", or variations of such words and phrases
or statements that certain actions, events or results "may",
"could", "should", "would" or "occur".
Forward-looking statements are based on certain material
assumptions and analysis made by the Company and the opinions and
estimates of management as of the date of this press release,
including that public policy and opinion will support legalization
of single-event wagering in Canada
and that the Company will be able to positively leverage its
experience and positioning in the market. These forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking statements or forward-looking information.
Important factors that may cause actual results to vary, include,
without limitation, risks that single-event wagering is not
legalized in Canada, adverse
market conditions, risks inherent in the Company's business in
general, risks that the Company's competitors may be better
positioned in the Canadian market and other factors beyond the
control of the Company.
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and
forward-looking information. Readers are cautioned that reliance on
such information may not be appropriate for other purposes. The
Company does not undertake to update any forward-looking statement,
forward-looking information or financial out-look that are
incorporated by reference herein, except in accordance with
applicable securities laws.
SOURCE Real Luck Group Ltd.