Key hire made as Luckbox focuses on scaling up player
acquisition efforts
CALGARY/ISLE OF MAN, AB,
March 1, 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
Benn Timbury as Chief Operating
Officer.
Mr Timbury has extensive experience in scaling up igaming
businesses, working across all areas of operations, driving revenue
growth, player acquisition and retention, B2C and B2B partnerships
and global acquisitions.
His most recent role was with one of Europe's fastest growing start-ups, the
Gibraltar-based Lottoland Group,
which is active in 15 global markets, has over 350 employees, and
more than 15 million customers. Mr Timbury played a lead role in
driving new strategic initiatives to support the corporation's
growth.
Prior to that, he was the founder and CEO of online gaming
company LiveLotto, where he led the company's growth, corporate
governance, and legalistic frameworks. With a proven track record
in building businesses from conception through to exit, his
experience spans emerging technologies, entertainment and
igaming.
Real Luck Group Ltd Chief Executive Officer Thomas Rosander said: "I am delighted to welcome
Benn to Luckbox at an exciting time for our company. After adding
casino games to esports and sports on our next-generation wagering
platform, we are beginning to scale player acquisition efforts and
looking to enter new markets with additional licenses, all of which
Benn will play a pivotal role in executing.
"Benn has a proven track record of success in a leading role
within igaming companies, helping deliver on revenue growth, to hit
operational milestones and implement B2C and B2B strategies and we
are looking forward to having his expertise to help drive us
forward on our near-term and long-term growth goals."
Mr Timbury said: "Luckbox sits perfectly at the convergence
between esports, gaming and gambling and the huge potential of this
sector is well documented. I am joining a stellar team that blends
igaming knowhow with esports authenticity and I am looking forward
to playing a key role as we strive to scale our user base and
revenues throughout the coming months."
Grant of stock options
The Company announces that it has granted Mr Timbury 750,000
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
Monday, February 28, 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.
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 such statements and
information other than as required by applicable laws, rules and
regulations.
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SOURCE Real Luck Group Ltd.
