Real Luck Group appoints Benn Timbury as Chief Operating Officer

Rhea-AI Summary

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.

Positive

• Appointment of Benn Timbury as COO is expected to enhance player acquisition and revenue growth.
• Timbury has a strong background in igaming, with previous success in scaling businesses.
• Granting of 750,000 stock options aligns management's interests with shareholder value.

Negative

• Potential risks in continuity and integration of new leadership during scaling efforts.

Key hire made as Luckbox focuses on scaling up player acquisition efforts

CALGARY/ISLE OF MAN, AB, March 1, 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 esports betting, sports betting and casino games, is pleased to announce the appointment of Benn Timbury as Chief Operating Officer.

Mr Timbury has extensive experience in scaling up igaming businesses, working across all areas of operations, driving revenue growth, player acquisition and retention, B2C and B2B partnerships and global acquisitions.

His most recent role was with one of Europe's fastest growing start-ups, the Gibraltar-based Lottoland Group, which is active in 15 global markets, has over 350 employees, and more than 15 million customers. Mr Timbury played a lead role in driving new strategic initiatives to support the corporation's growth.

Prior to that, he was the founder and CEO of online gaming company LiveLotto, where he led the company's growth, corporate governance, and legalistic frameworks. With a proven track record in building businesses from conception through to exit, his experience spans emerging technologies, entertainment and igaming.

Real Luck Group Ltd Chief Executive Officer Thomas Rosander said: "I am delighted to welcome Benn to Luckbox at an exciting time for our company. After adding casino games to esports and sports on our next-generation wagering platform, we are beginning to scale player acquisition efforts and looking to enter new markets with additional licenses, all of which Benn will play a pivotal role in executing.

"Benn has a proven track record of success in a leading role within igaming companies, helping deliver on revenue growth, to hit operational milestones and implement B2C and B2B strategies and we are looking forward to having his expertise to help drive us forward on our near-term and long-term growth goals."

Mr Timbury said: "Luckbox sits perfectly at the convergence between esports, gaming and gambling and the huge potential of this sector is well documented. I am joining a stellar team that blends igaming knowhow with esports authenticity and I am looking forward to playing a key role as we strive to scale our user base and revenues throughout the coming months."

Grant of stock options

The Company announces that it has granted Mr Timbury 750,000 stock options under the Company's stock option plan to the directors, employees officers and consultants of the Company at a price of C$0.21 per stock option, representing the closing price of the Company's shares on Monday, February 28, 2022, exercisable for a period of 3 years from the date of grant; vesting 10% immediately, 10% six months from the date of grant and 20% every six months after that.

About Luckbox

Luckbox is an award-winning next-generation gaming platform that offers legal, real-money betting, live streams, and statistics on all major esports, as well as sports betting and casino games on desktop and mobile devices. Luckbox is owned by Real Luck Group, listed on the Toronto Venture Exchange (TSXV: LUCK) and OTC (OTCQB: LUKEF). Luckbox's proprietary tech stack is built by a team combining gambling industry experience and a passion for gaming and esports, allowing the company to benefit from superior business intelligence and player acquisition, while providing players with an industry-leading betting user experience and betting offer. Luckbox is live in more than 80 territories worldwide and holds a B2C and B2B gambling license under the Online Gambling Regulation Act (OGRA), issued by the Isle of Man Gaming Supervision Commission. Luckbox is committed to supporting responsible gambling.

Follow Luckbox on Twitter / Facebook / LinkedIn

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 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 is the significance of Benn Timbury's appointment as COO for LUKEF?

Benn Timbury's appointment is aimed at enhancing player acquisition and driving revenue growth for Luckbox, linking his extensive igaming experience to the company's strategic goals.

How many stock options were granted to Benn Timbury by Real Luck Group?

Benn Timbury was granted 750,000 stock options at a price of C$0.21 each, aligning his compensation with the company's performance.

What markets is Luckbox planning to enter following Timbury's appointment?

Luckbox plans to enter new markets with additional licenses as part of its growth strategy under the leadership of Benn Timbury.

What experience does new COO Benn Timbury bring to LUKEF?

Benn Timbury has extensive experience in scaling igaming businesses and has held leadership roles at companies like Lottoland Group and LiveLotto.

What are the expected impacts of Benn Timbury's hire on Luckbox's growth?

His appointment is expected to strengthen Luckbox's leadership and drive player acquisition, ultimately aiming for increased revenues.