Real Luck Group Ltd. welcomes passing of Bill C-218 to put Canada 'on the cusp' of legal sports betting
Real Luck Group Ltd. (TSXV: LUCK, OTCQB: LUKEF) welcomes the recent passage of Bill C-218 by the House of Commons, which aims to legalize betting on single sports events in Canada. The bill now advances to the Senate for further consideration. CEO Quentin Martin highlighted the growing demand for esports betting in Canada, stating that their platform is well-positioned to capitalize on this opportunity. Luckbox offers licensed real-money betting on various esports and sports events, serving fans in over 80 territories worldwide.
- Passage of Bill C-218 could lead to increased betting opportunities for Luckbox in Canada.
- Luckbox's proprietary platform caters to a growing demand for esports betting, enhancing market potential.
- The company has a full license under the Online Gambling Regulation Act, ensuring compliance and operational integrity.
- None.
CALGARY, AB and ISLE OF MAN, United Kingdom, April 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 (The Safe and Regulated Sports Betting Act) by the House of Commons.
Bill C-218, which proposes to make it lawful to bet on a single sports or athletics event, now moves to the Senate for reading and adoption.
"Canadian esports and sports fans are now on the cusp to being able to wager on their favourite events," commented Quentin Martin, CEO of Real Luck Group, a member of the Canadian Gaming Association. "In our view, legalization, regulation and working with responsible operators is the best means to keep fans safe and offer them the best possible experience. We know that esports is a large and growing market in Canada, and fans are demanding betting on matches. Luckbox's proprietary award-winning platform is well positioned, offering wagering on 14 major esports as well as sports betting. We will be following the outcome of Bill C-218 very closely and look forward to Senate adoption in what are exciting times for fans of esports, sports and the igaming industry in Canada."
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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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 affections such statements and information other than as required by applicable laws, rules and regulations.
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SOURCE Real Luck Group Ltd.
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