New engagement supports expansion in
additional markets
CALGARY, AB and ISLE OF MAN,
June 28, 2021 /CNW/ - 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, is pleased to
announce an engagement with SolutionsHub Limited, a company
specializing in egaming regulation and licensing. This new
engagement will help drive 2021 and 2022 revenue growth at the
Group by facilitating expansion into new markets and
jurisdictions.
SolutionsHub, based in Douglas,
Isle of Man, will assist the Company's mission to expand into new
markets and regions through the acquisition of gambling licenses
that complement the Group's existing Isle of Man license.
SolutionsHub will also offer support with regulatory affairs,
including anti-money laundering compliance and responsible gambling
commitments.
The engagement follows the news that the Canadian Senate last
week voted in favour of Bill C-218, known as The Safe and Regulated
Sports Betting Act, which proposes to make it lawful to bet on a
single sports or athletics event.
"Our Isle of Man license already allows us to offer wagering to
sports and esports fans in territories around the world, and our
intention is to access more markets through the acquisition of
additional licenses," said Real Luck Group CEO Thomas Rosander. "The SolutionsHub team is among
the world's best when it comes to gambling licensing, making them
the perfect partner to expand our business of delivering regulated,
secure, and entertaining esports betting for existing and future
customers."
"We are thrilled to be working with Real Luck Group," said
SolutionsHub Egaming Specialist James
O'Kelly. "Real Luck Group prides itself on integrity and
providing the highest levels of player safety and security. We look
forward to helping Real Luck Group achieve its licensing and
regulatory goals."
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.
About SolutionsHub
SolutionsHub is regarded as the leading authority in crypto and
blockchain gambling licensing, as well as Isle of Man regulatory
compliant tokenized and blockchain businesses. The SolutionsHub
team is renowned for its knowledge and expertise in dealing with
new legislation, business models, and designing regulatory
compliant solutions. Unique know-how, coupled with blockchain and
gaming experts, have seen SolutionsHub obtain licenses and
regulatory approvals for previously unseen gaming, gambling,
blockchain, and fintech business models. SolutionsHub's portfolio
includes the first regulatory approval of a blockchain gambling
operator, designing world-first crypto and player protection
solutions and advising the Isle of Man's first hard-capped ICO.
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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.
