Real Luck Group Announces Record Player And Handle Growth In November

Rhea-AI Summary

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.

Positive

• Fourth consecutive month of record player growth.
• Handle growth exceeded 50% compared to the previous month.
• Anticipation of significant betting activity during the FIFA World Cup, expected to reach over US$100 billion.

Negative

• None.

Handle Up Over 50% Month To Date

CALGARY, AB and ISLE OF MAN, Nov. 17, 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 its fourth consecutive month of record player growth. Luckbox also announces early encouraging trends in Handle^[1] growth, of over 50%, compared to its previous record breaking month of October, prior to Luckbox's largest sportsbook launch during the FIFA World Cup.

"We are pleased with the trajectory of our progress as we enter the fourth month of our player acquisition growth plan. We expect our sportsbook to benefit from the upcoming World Cup, one of the largest global sports wagering events, which is expected to see over US$100 billion in wagers placed, according to industry sources. Our player growth along with early indications of increasing Handle data, and certain KPIs validates that our growth strategy is on track" 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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1	The total dollar value of accepted in wagers, adjusted for cancellations and corrections

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SOURCE Real Luck Group Ltd.

FAQ

What was Real Luck Group's Handle growth in November 2022?

Real Luck Group reported over 50% Handle growth in November compared to the previous month.

What is the significance of the FIFA World Cup for Real Luck Group?

The FIFA World Cup is expected to generate over US$100 billion in wagers, benefiting Real Luck Group's sportsbook operations.

How many territories does Luckbox serve?

Luckbox serves esports fans in more than 80 territories worldwide.

What is the stock symbol for Real Luck Group?

Real Luck Group's stock symbols are TSXV: LUCK and OTCQB: LUKEF.