Real Luck Group celebrates Canadian Senate's approval of Bill C-218 to legalise sports betting

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06/23/2021 - 11:37 AM

Luckbox looks to be involved in the licensing process as soon as possible

CALGARY, AB and ISLE OF MAN, June 23, 2021 /PRNewswire/ - Real Luck Group Ltd. (TSXV: LUCK) (OTCQB: LUKEF) (the "Company") and its subsidiary companies doing business as "Luckbox" (the "Group"), a leading provider of licensed, real money esports betting, welcomes the passing of Bill C-218 - known as The Safe and Regulated Sports Betting Act - by the Canadian Senate.

Bill C-218, which proposes to make it lawful to bet on a single sports or athletics event, was passed by Senate's Standing Committee on Banking, Trade and Commerce for deliberation and will now be sent back to the House of Commons for royal assent and becoming an official amendment to the Criminal Code.

Thomas Rosander, CEO of Real Luck Group, said: "This is a significant moment for the igaming industry and Canada and policymakers should be congratulated on reaching a decision that will help provide safe and regulated sports betting for millions of Candian fans. There is massive interest in wagering on sports and esports and the industry is expected to be worth billions to the nation's economy. We look forward to the official amendment to the Criminal Code and will look to be involved in the licensing process as soon as possible. Luckbox's proprietary award-winning platform, offering wagering on 14 major esports as well as sports betting, is well positioned to benefit from this trend. Real Luck Group is a member of the Canadian Gaming Association and we are following the progress in the Senate in what are exciting times for the industry in Canada and the US."

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 licence 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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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 affections such statements and information other than as required by applicable laws, rules and regulations.