CALGARY, AB and ISLE OF MAN,
Nov. 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 nine months ending September
30, 2021 on SEDAR.
Company Chief Executive Officer Thomas
Rosander said: "The team has been focused on enhancing
our proprietary platform by building a superior business
intelligence infrastructure, offering a unique and modern user
experience tailored to the next generation of bettors, while
ensuring maximum coverage of esports betting opportunities. I am
delighted to say our efforts during Q3 have paved the way for the
addition of casino, which is an important anticipated near-term
revenue driver that we expect to be live in Q4. As a result,
we will be in a position to launch our player acquisition efforts
in Q1 2022, by starting meaningful marketing for the first time in
the Company's history."
Q3 2021 Luckbox highlights
Strong cash position -- The Company ended Q3 2021 with
$15.8 million in cash, and no
debt.
During the quarter, the Company completed several key
platform integrations, as part of the Company's previously
communicated platform rebuild strategy -- These integrations
include: Solitics for customer engagement and business analytics;
Aspire Global for casino games, sportsbook including esports;
Funanga for secure cash deposits; Bambora for expanding payment
option; and Checkin.com for customer onboarding.
Industry recognition -- The Company was informed it had
been shortlisted in two categories at the EGR Marketing Awards
2021. Luckbox, which was named Rising Star at the EGR Operator
Awards in 2020 and was shortlisted in the Esports Operator
and In-House Product categories.
Subsequent Events
Head of data to drive superior BI infrastructure -- As
part of our drive to build a superior business intelligence
infrastructure, the Company appointed data scientist David Conde as its new Head of Data. Mr Conde is
an experienced data scientist with a background in igaming and
telecommunications.
Partnership with leading payment provider Nuvei (TSX: NVEI)
-- Nuvei is fully integrated and live on the Luckbox platform,
which will allow new and existing customers a comprehensive choice
of payment options when betting on the Luckbox platform.
Preparing for casino launch and player acquisition -- Our
team has continued to work with new partners to not only serve its
existing player base but to finalise improvements to the Luckbox
platform preparing for the launch of casino in Q4 2021 and
subsequent player acquisition efforts.
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
anticipated launch of the Company's casino platform and the timing
of such launch and the proposed marketing program targeting
additional player acquisition efforts anticipated to occur in Q1
2022, 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 the ability of the Company to
launch its casino platform in Q4 2021. 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 the launch of the casino platform cannot be completed in Q4
2021. 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.