CALGARY, AB and ISLE OF MAN, United Kingdom, April 30, 2021 /CNW/ - Real Luck Group Ltd.
(TSXV: LUCK) (OTCQB: LUKEF) ("Real Luck Group" or the
"Company") and its subsidiary companies doing business as
"Luckbox" (the "Group"), an award-winning provider of legal,
real-money esports and sports betting, today filed financial
results for the full year 2020 on SEDAR.
"Fiscal 2020 was an important year for our young company as we
achieved several important milestones, including our oversubscribed
equity financing and public listing on the TSX Venture Exchange,"
said CEO Quentin Martin. "Our focus
throughout fiscal 2020 was on developing our proprietary esports
betting platform and, despite nominal marketing spend, we were able
to organically and efficiently increase our audience as the global
pandemic brought esports betting into focus during early 2020.
However, the calendar of esports events was adversely impacted,
particularly in the second half, due to the postponement of the
biggest esports event of the year - the Dota 2 International. This
year's esports calendar looks much better, and our strong balance
sheet positions us for healthy growth in 2021 and 2022. As we
continue to grow our team, enhance our product and spread the word
about Luckbox with a comprehensive marketing strategy in place, we
look forward to offering our customers the opportunity to wager on
several highly anticipated events."
"We are well capitalized owing to the successful Private
Placement of Special Warrants in March
2021 to execute our mission of delivering Esports Betting
Done Right," said Chief Customer Officer Thomas Rosander. "As well as accelerating our
customer acquisition efforts, this capital enables us to continue
improving the Luckbox platform, strengthening our team, and
engaging with relevant third parties to create the world's leading
esports betting platform, with fundamentals in place to ensure
long-term growth. To this end, we are implementing new, data-driven
systems ahead of significantly accelerating our customer
acquisition efforts in order to ensure the highest possible return
on investment from our marketing spend. We look forward to sharing
the success of these new marketing programs during 2021."
Subsequent events to 2020
Milestones achieved by the Company in 2021 so far:
- Completion of Private Placement of Special Warrants, with gross
proceeds of $17.8 million.
- Addition of sports betting, allowing fans to wager on more than
100 sports in addition to esports, including soccer, football,
basketball and tennis.
- Implementation of premium payment processors with partnerships
including Skrill, NETELLER and Trustly, which reduce player
friction.
- Appointment of Chief Customer Officer Thomas Rosander, former CEO of Dunder Casino,
which achieved €1 million in gross gaming revenue in less than one
month and saw a monthly growth rate above 17% over two years.
- Partnership with Income Access, an industry-leading affiliate
marketing platform, which we expect will enable us to more
effectively deploy capital towards customer acquisition.
- Uplist to OTCQB Exchange, allowing a larger investor base to
participate in our growth.
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.
Follow Luckbox on Twitter / Facebook / LinkedIn
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 the
belief that the Company's strong balance sheet positions it for
healthy growth in 2021 and 2022; the capital raised from the
Special Warrant Private Placement will enable the Company to
continue improving the Luckbox platform, strengthen its team and
engage with relevant third parties to create the world's leading
esports betting platform; and that the Company's partnership with
Income Access will enable the Company to more effectively deploy
capital towards customer acquisition 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 management will be able to leverage its balance
sheet position and working capital to achieve its stated growth
objectives and that the Company's partnership with Income Access
will yield positive results on customer acquisition. 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. However,
the forward-looking statements in this news release are subject to
numerous risks, uncertainties and other factors that may cause
future results to differ materially from those expressed or implied
in such forward-looking statements, including without limitation:
that esports betting will not continue to rise in popularity; and
that the strategies developed by the Company to effectively
position itself in the market will not be as successful as expected
by management or at all. 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.
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SOURCE Real Luck Group Ltd.