REAL LUCK GROUP LTD - LUKEF STOCK NEWS

Real Luck Group Ltd (TSX.V: LUCK, OTCQB: LUKEF) announced its LOI to acquire a leading Asia-Pacific focused iGaming platform, enhancing its market position in a region recognized for esports. The all-stock deal involves acquiring 100% of the Target's shares, contingent on TSX Venture Exchange approval. CEO Thomas Rosander highlighted significant player acquisition growth, with Q4 2022 showing promising indicators. The acquisition is set to strengthen Luckbox's global footprint by providing immediate access to a substantial player base and operational synergies.

Real Luck Group Ltd. (TSXV: LUCK, OTCQB: LUKEF) reported a record player growth for the fourth consecutive month, with over 50% Handle growth compared to October, ahead of the FIFA World Cup. The CEO, Thomas Rosander, noted that this growth aligns with their strategy, anticipating significant wagers during the World Cup, projected at over US$100 billion. Luckbox, the company's betting platform, is fully licensed in the Isle of Man, providing a wide range of esports and sports betting options across 80 territories.

Real Luck Group Ltd (TSXV: LUCK, OTCQB: LUKEF) announced on October 27, 2022 that it received two inconsistent proposals from Adam Arviv of KAOS Capital Ltd. These proposals, a merger valuing the company at $0.09 per share and a wind down, are deemed not in the best interests of the company. The company highlights its strong cash position, no debt, and a robust strategy aimed at achieving profitability within 6-10 months. Record player acquisitions and substantial growth metrics have been reported, reinforcing the company's value.

Real Luck Group Ltd (TSXV: LUCK, OTCQB: LUKEF) has announced a partnership with Thunder Awaken, a leading esports team in Peru. This collaboration aims to enhance Luckbox's marketing strategy in Latin America, capitalizing on the team's extensive fanbase of over 16 million. The partnership coincides with a notable increase in player registrations, traffic, and deposits in Brazil for October. Daniel Sanders, Director of Marketing, emphasized Peru's importance for expanding Luckbox's online offerings in the growing esports market.

Real Luck Group Ltd reports significant growth, with net gaming revenue increasing by 144% and player deposits soaring by 197% since the initiation of its customer acquisition phase in August 2022. The management expresses confidence in achieving profitability by the end of H1 2023, bolstered by a strong balance sheet and successful entry into high-margin products like micro-betting. The company aims to capitalize on localized offerings and previously outlined financial forecasts, and it continues to focus on expanding its presence in the esports betting market.

Real Luck Group Ltd (TSX.V: LUCK, OTCQB: LUKEF) reported its Q2 2022 financial results, highlighting a strengthened platform for player acquisition and profitability goals in the second half of 2023. The company ended the quarter with over 700 games and over $10.6 million in cash, aiming for positive monthly EBITDA. Partnerships with more than 50 player acquisition channels were established. CEO Thomas Rosander emphasized a successful transformation towards enhancing player experience and satisfaction.

Real Luck Group Ltd. (OTCQB: LUKEF) held its Annual General Meeting on August 11, 2022, announcing that its transformation is complete and player acquisition has begun. CEO Thomas Rosander and CFO William Moore highlighted a path to profitability for H1 2023, supported by cash reserves for marketing. Shareholders approved the appointment of Baker Tilly WM LLP as auditors and elected five directors. A total of 17,415,543 shares were represented, amounting to 25.32% of issued shares. The company focuses on licensed esports and sports betting, aiming for revenue growth with innovative products.

Real Luck Group Ltd. (TSXV: LUCK, OTCQB: LUKEF) will hold its annual general meeting on August 11, 2022, at 9:00 a.m. in Calgary. Registered shareholders can attend via a virtual platform and submit votes online. The company plans to issue 119,048 Class A Common Shares at $0.42 each as a bonus to former CEO Quentin Martin, subject to shareholder approval. The Meeting's details are available on their website, and the issuance of shares is pending TSX Venture Exchange approval.

Real Luck Group Ltd. has appointed Daniel Sanders as Director of Marketing to enhance its player acquisition strategy. With a background at Tencent Games and Red Bull, Sanders will lead marketing efforts as the company seeks to accelerate growth. His role is essential for positioning Luckbox as a leading brand in esports betting and gaming. The company also granted Sanders 250,000 stock options at C$0.10 each, vesting over three years. This strategic hire aims to boost organic revenue growth and navigate rising player acquisition costs in the sector.