CALGARY, AB and ISLE OF MAN, United Kingdom, May 3, 2021 /CNW/ - Real Luck Group Ltd. (TSXV:
LUCK) (OTCQB: LUKEF) (the "Company") and its subsidiary companies
doing business as "Luckbox" (the "Group"), an award-winning
provider of legal, real money esports betting, is pleased to
announce that its common shares (including those traded on the
OTCQB) are now eligible for electronic clearing and settlement
through the Depository Trust Company ("DTC") in the United States.
DTC is a subsidiary of the Depository Trust & Clearing
Corporation, a U.S. company that manages the electronic clearing
and settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through DTC are
considered to be "DTC eligible". DTC eligibility is expected to
create a seamless process of trading and enhance liquidity of the
Company's common shares in the United
States over time.
"The ability to have Real Luck Group shares electronically
cleared and settled in the U.S. is more convenient and reduces the
costs incurred in trading shares," said Real Luck Group Chief
Financial Officer Ran Kaspi. "With our shares traded
electronically, existing investors benefit from greater liquidity
over time and execution speeds, while new investors are far less
restricted from investing in our stock."
"Our recent C$17.8 million
oversubscribed financing has solidified our balance sheet,
giving us ample room to execute on our business plan to attract
esports bettors to our Luckbox application," said Real Luck
Group Chief Customer Officer Thomas
Rosander. "The Covid pandemic increased the size of
esports audiences, and with that esports betting. The traditional
sports betting demographic is shrinking whereas our market has
grown up watching video games and is expected to grow in the
future. Today's announcement makes it easier for a larger group of
investors 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
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.
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SOURCE Real Luck Group Ltd.