Early Operational Data and Strong Balance
Sheet Supports Management Guidance for Profitability Exiting H1
2023
CALGARY,
AB and ISLE OF MAN, Sept. 14,
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, real money esports betting, sports betting and casino
games, announces growth in Key Performance Indicators (KPIs) since
entering its customer acquisition phase in August 2022.
Net Gaming Revenue ("NGR" i.e. gross sales minus player winnings
and promotions) grew 144% during August and total player deposits
grew by 197%. These first data-points mark a successful transition
of the Company to its next growth phase, as communicated at the
Company's Annual General Meeting on August 11, 2022.
"The initial growth since transitioning to customer acquisition
gives us increased confidence that our offerings, strategy, and
financial forecast are on point," said Real Luck Group CEO
Thomas Rosander. "Behind this
success lies our platform's capability to localize language
variations, payment methods and marketing campaigns in a granular
way."
"We have also seen increased interest for high margin,
micro-betting products. This is the core of our long term strategy,
and we have invested significant effort and resources to develop
the new, proprietary products that will transform the market. This
key differentiator product, combined with our short term organic
growth and strong balance sheet, hasn't gone unnoticed by industry
participants. We will continue to share more details, insights and
progress, including at future industry events, such as SBC
Barcelona and iGaming Next in Valletta,
Malta, in the coming months."
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.
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 affections such statements and
information other than as required by applicable laws, rules and
regulations.
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SOURCE Real Luck Group Ltd.
