CALGARY, AB and ISLE OF
MAN, Aug. 25, 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 three months ending June 30 on SEDAR.
![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/1598371/Real_Luck_Group_Ltd__Real_Luck_Group_Reports_Q2_2021_Financial_R.jpg)
Company Chief Executive Officer Thomas
Rosander said, "The second quarter was a busy and
transitional period for Luckbox, during which I took over as CEO on
May 10. My priority has been to
identify areas for improvement on the Luckbox platform, and I am
pleased to say the team has made several technical improvements and
formed new partnerships that we believe move us closer to
generating long-term revenue growth in the booming esports
betting sector, starting before the end of the year. This
platform retooling was an intense and necessary phase to enhance
our proprietary platform before increasing our marketing spend to
acquire new players in order to improve the yield on our player
marketing spend. Our balance sheet remains strong,with $17.2 million of cash and no debt, allowing us to
continue executing our strategy to become the number one esports
betting property."
Q2 Luckbox highlights
- Thomas Rosander promoted from
Chief Customer Officer to Chief Executive Officer
- Luckbox shortlisted for two EGR Marketing and Innovation
Awards
- VALORANT wagering added to Luckbox platform
- Completed partnerships to improve numerous platform functional
areas, including player payment options, player registration and
business intelligence
- Partnership with Publishme to build in-house content marketing
studio
- Engagement with SolutionsHub to explore further licensing
opportunities
- Ended Q2 2021 with $17.2 million
in cash, and no debt
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
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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.