Real Luck Group Announces Multiple Areas of Record-Breaking Growth

Rhea-AI Summary

Real Luck Group Ltd (TSXV: LUCK, OTCQB: LUKEF) reported significant growth in November 2022, exceeding October's results. Key metrics include a 70% increase in global betting handle, a 65% uptick in first-time depositors, and a 97% rise in real money players. These achievements highlight the company's ability to scale its business effectively. CEO Thomas Rosander emphasized that this back-to-back record-breaking growth reinforces their strategic direction and growth plans for a promising fourth quarter.

Positive

• 70% increase in global Betting Handle month-over-month.
• 65% increase in First Time Depositors (FTDs) month-over-month.
• 97% increase in Real Money Players (RMPs) month-over-month.

Negative

• None.

November surpasses October and sets the trend for 2023. 

CALGARY, AB and ISLE OF MAN, Dec. 13, 2022 /PRNewswire/ - Real Luck Group Ltd. (TSXV: 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 record-breaking growth in multiple business areas during November - surpassing their October achievements. Luckbox reports that these growth areas include a 70% increase in global Betting Handle, 65% increase in First Time Depositors (FTDs), and a 97% increase in Real Money Players (RMPs) across the site month-over-month. Furthermore, these positive key performance indicators show Luckbox's ability to scale in all core areas of the business.

"The growth outlined in our November results builds upon October's successes for a very encouraging fourth quarter. Back-to-back record-breaking growth in these KPIs reaffirms our strategic direction and future growth plans", 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 Real Luck Group's growth metrics for November 2022?

In November 2022, Real Luck Group reported a 70% increase in global betting handle, a 65% rise in first-time depositors, and a 97% increase in real money players compared to October.

How did November's performance compare to October for LUKEF?

November's performance for LUKEF surpassed October, showing record-breaking growth in multiple key performance indicators.

What is the significance of the growth reported by Real Luck Group in November?

The growth signifies Real Luck Group's ability to scale its operations, which is essential for their strategic direction and future growth plans.