iGaming veteran Bo Wänghammar replaces
Mike Stevens as a board
member
CALGARY/ISLE OF MAN, AB, March 9, 2022 /CNW/ - 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 Bo Wänghammar to
its board of directors.
Mr. Wänghammar has held leadership roles with
established global igaming operators, having been Director of
International Projects and Managing Director of Casino at
PokerStars (acquired by Flutter Entertainment for US$6 billion in October
2019), and the CEO and Business Development Director at Mr
Green & Co online casino (acquired by William Hill for £242 million In October 2018).
Mr. Wänghammar joins fellow directors Chairman
Drew Green, CEO Thomas Rosander, Lloyd
Melnick and Maruf Raza on the
Real Luck Group Board, replacing Mike
Stevens, who resigned from his position as a director to
focus on his family and charity work.
Real Luck Group CEO Thomas Rosander said: "I am thrilled a seasoned
operator such as Bo will be joining our board. This is an exciting
stage for the company as we look to scale our user acquisition
efforts and revenues and I believe his experience and guidance will
be invaluable to Real Luck's growth strategy.
"His track record speaks for itself, as during
his time as Director of Casino at PokerStars, he oversaw the
doubling of revenues to more than US$500
million, growing the casino vertical to outperform the core
poker offering. During Mr. Wänghammar's time at Mr Green the
business grew quickly and achieved strong profitability and we
believe he was instrumental in refactoring the technical
infrastructure to launch a portfolio of award-winning
products."
Grant of stock options
The Company announces that it has granted Mr.
Wänghammar 300,000 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 Tuesday, March 8, 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.
Cautionary Note Regarding Forward-Looking
Statements: This news release may contain certain statements and
information that may constitute forward-looking information within
the meaning of applicable Canadian securities laws. All statements
in this news release, other than statements of historical facts,
including statements regarding future estimates, plans, objectives,
timing, assumptions or expectations of future performance,
including the scaling of user acquisition efforts and the Company's
growth strategy, are forward-looking statements and contain
forward-looking information. Generally, forward-looking statements
and information can be identified by the use of forward-looking
terminology such as "intends" or "anticipates", or variations of
such words and phrases or statements that certain actions, events
or results "may", "could", "should", "would" or "occur".
Forward-looking statements are based on
certain material assumptions and analysis made by the Company and
the opinions and estimates of management as of the date of this
news release, including the ability of the Company to grow and
scale user acquisitions and revenues. These forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking statements or forward-looking information. However,
the forward-looking statements in this news release are subject to
numerous risks, uncertainties and other factors that may cause
future results to differ materially from those expressed or implied
in such forward-looking statements, including without limitation:
that the acquisition of users cannot be effectively scaled, and
that Mr. Wänghammar's experience may not aid the Company's revenue
and growth strategy. There can be no assurance that such statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Readers
are cautioned that reliance on such information may not be
appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information
or financial out-look that are incorporated by reference herein,
except in accordance with applicable securities laws.
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SOURCE Real Luck Group Ltd.