Real Luck Group Announces Continued Growth in 2023

Rhea-AI Summary

Real Luck Group Ltd (OTCQB: LUKEF) reported significant growth in January 2023, achieving over CAD$1.6 million in Global Betting Handle, a 110% increase in monthly revenue, and a 182% rise in Total First Time Depositing Players since December. The registered player base has now surpassed 250,000. The company plans to enhance player value and is developing a proprietary ultrafast live micro-betting platform aimed at increasing revenue growth and expanding into the B2B market. Upcoming details on this initiative are expected soon.

Positive

• Global Betting Handle reached CAD$1.6 million in January.
• Monthly revenue increased by 110%.
• Total First Time Depositing Players grew by 182% since December.
• Registered player base exceeds 250,000.
• Plans to develop a proprietary ultrafast live micro-betting platform.
• Expansion into the B2B market is being pursued.

Negative

• None.

Total First Time Depositing Players Grew ~200% In January
Registered Player Base Now Exceeds 250,000

CALGARY, AB and Isle of Man, Feb. 7, 2023 /PRNewswire/ - Real Luck Group Ltd. (TSX.V: LUCK) (OTCQB: LUKEF) (the "Company") and its subsidiary companies doing business as "Luckbox" (the "Group"), an award-winning provider of licensed, real money esports betting, sports betting and casino games, announces that it's January operating metrics following December's metrics, which exceeded objectives.

In January, the Company achieved over CAD$1.6 million in Global Betting Handle. Additionally, monthly revenue grew 110% and Total First Time Depositing Players grew by 182% since December.

After six months of player acquisition efforts, our registered player base now exceeds 250,000. Our next focus is twofold; firstly, we plan to direct our efforts on ramping player value, with Total Player Deposits and Global Betting Handle being key performance measurables. Secondly, we are building a proprietary technology stack which we believe will be transformational for our industry. This product is an ultrafast, live micro-betting platform that we believe will allow us to increase revenue growth and margins from our B2C operations. It also positions us to expand into the lucrative B2B market with unique and proprietary products. We expect to provide more details on this new initiative in the coming weeks and months.

"This strong month-to-month growth was expected, and is simply a result of the collective experience that our team has acquired from driving growth at prior companies. We are currently only harnessing about a quarter of the player acquisition channels we have at our disposal, and are confident about our growth trajectory and ability to continue delivering favorable results. Independently from our B2C efforts, we are also looking ahead towards our planned B2B products. This would represent a completely new and additional line of business for Luckbox. We are eager to share more details about this new growth initiative later this year." said Real Luck Group CEO Thomas Rosander.  

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 license 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.

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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.

This news release may contain certain "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and other similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

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SOURCE Real Luck Group Ltd.

FAQ

What were the January operating metrics for Real Luck Group Ltd (LUKEF)?

In January 2023, Real Luck Group reported over CAD$1.6 million in Global Betting Handle and a 110% increase in monthly revenue.

How much did the registered player base grow for LUKEF?

The registered player base for Real Luck Group has now exceeded 250,000 players.

What is the growth in Total First Time Depositing Players for LUKEF?

Total First Time Depositing Players increased by 182% since December 2022.

What new technology is Real Luck Group developing?

Real Luck Group is building a proprietary ultrafast live micro-betting platform aimed at increasing revenue and expanding into the B2B market.