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Real Luck Group Ltd., also known as Luckbox, is an award-winning provider of licensed, real money esports betting, sports betting, and casino games. The Company has achieved significant milestones in 2023, with over $23.9 million wagered and a Registered Player Base of over 450,000. Despite recent challenges in fundraising, the Company is actively exploring strategic alternatives to maximize shareholder value. Luckbox offers legal, real-money betting on all major esports and sports, serving fans in over 80 territories worldwide. The Company is committed to responsible gambling.On May 31, 2022, Real Luck Group, trading as Luckbox, reported its Q1 2022 financial results, continuing to enhance its esports betting platform. Key highlights include:
- Introduction of over 400 games on the Luckbox casino, an 815% increase since Q4 2021.
- Formation of partnerships with over 50 global player referral sites to boost traffic.
- A robust cash position of $12.5 million with no debt, enabling strategic growth.
The company aims to expand its market presence while investing in player acquisition despite rising costs.
Real Luck Group Ltd (OTCQB: LUKEF) announces that CEO Thomas Rosander will speak at two upcoming igaming conferences: the CasinoBeats Summit in Malta (May 24-26) and Betting on Sport Europe in London (June 7-9). He will discuss topics such as the influence of video gaming on gambling and the future of esports betting. The company has also been shortlisted for the EGR Marketing & Innovation Awards 2022 in two categories. As part of their growth strategy, Luckbox has joined the SBC Leaders association, focusing on collaboration and innovation in the industry.
Real Luck Group Ltd (LUKEF) announced its financial results for the full year 2021, highlighting a strong balance sheet with $14.4 million cash and no debt. The company enhanced its gaming platform, adding sports wagering, and concluded the year with the online casino launch. Notably, a private placement raised $17.8 million in March 2021. The CEO emphasized plans for expansion into Ontario and other regulated markets in 2022 while pursuing partnerships to boost player traffic. The company remains committed to esports and casino wagering, focusing on scaling operations.
Real Luck Group Ltd (LUKEF) has partnered with Microgaming to enhance its Luckbox online casino, adding over 100 games including popular titles like Jurassic World™ and Game of Thrones™. This partnership expands Luckbox's total game offerings to more than 450, aiming to increase user engagement and revenue. Launched in December 2021, the Luckbox casino targets the growing global online casino market, expected to reach $159.8 billion by 2026. Additionally, the company granted 80,000 stock options at C$0.21, signaling confidence in future growth.
Real Luck Group Ltd (OTCQB: LUKEF) has announced a partnership with Raketech Group to enhance its player acquisition through affiliate marketing. This agreement aims to leverage Raketech's extensive network of over 1760 sites to drive traffic to Luckbox's esports and sports betting services. Additionally, Luckbox has applied for an Ontario gaming license, targeting a significant market opportunity, with forecasts indicating Ontario's sports betting revenue could reach C$904 million by 2026. Luckbox plans to expand its presence in regulated markets globally, already holding an Isle of Man gaming license.
Real Luck Group Ltd (TSXV: LUCK, OTCQB: LUKEF) has announced that CEO Thomas Rosander will be participating in multiple investor and industry events over the coming months. Key events include the AlphaNorth Capital Event in the Bahamas from March 25-27, ICE in London from April 11-14, and CasinoBeats Summit in Malta from May 24-26. Mr. Rosander highlighted the company's focus on scaling its player acquisition and enhancing its next-gen betting platform, coinciding with Ontario's regulated gambling market opening in April 2022.
Real Luck Group Ltd has appointed Bo Wänghammar, a veteran in the iGaming sector, to its board of directors, replacing Mike Stevens. Wänghammar, who previously held leadership roles at PokerStars and Mr Green, is expected to enhance the company's user acquisition and revenue growth strategies. The company granted him 300,000 stock options at C$0.21 each. This strategic move aims to leverage Wänghammar's expertise to improve operational performance and profitability as Luckbox expands its market presence.
Real Luck Group Ltd has appointed Benn Timbury as Chief Operating Officer to enhance player acquisition efforts amidst its expansion into new markets. Timbury, previously with Lottoland Group, brings extensive experience in igaming and a proven track record in scaling businesses. His role will focus on driving revenue growth and executing B2C and B2B strategies. The company has also granted him 750,000 stock options at C$0.21 each, aligning his interests with shareholder value growth. This strategic hire is expected to strengthen Luckbox's leadership as it enters new markets.
Real Luck Group Ltd (TSXV: LUCK, OTCQB: LUKEF) has resumed its affiliate marketing activities to enhance player acquisition in key markets like Europe and South America. The company has established partnerships with leading affiliate networks to drive traffic to its esports and sports betting platform, Luckbox. This initiative marks a significant step in the company’s marketing strategy, aiming to optimize spending and increase its player base and revenues. Real Luck Group is also committed to providing shareholders with key performance metrics to demonstrate the impact of these efforts.
Real Luck Group Ltd has launched an online casino on its Luckbox wagering platform, expected to generate near-term revenues. The global online casino market is projected to grow from US$134.9 billion in 2021 to US$159.8 billion by 2026. With approximately $16 million in cash and no debt as of September 30, 2021, the company is well-positioned for growth. CEO Thomas Rosander highlighted the online casino as a significant milestone and anticipates scaling player acquisition efforts across all betting verticals in 2022.
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