Investor Update Available to Interested
Parties
CALGARY,
AB and ISLE OF MAN, Aug. 17,
2022 /CNW/ - Real Luck Group Ltd. (TSX.V: 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 the results from its 2022 Annual General Meeting
("AGM") held on August 11,
2022. Interested parties can access the investor update slide
presentation provided at the AGM here.
During the update, CEO Thomas
Rosander, and CFO William
Moore indicated the Company's transformation is now
complete, with meaningful player acquisition now having commenced.
Additionally, Online Casino provides the Company a path to
profitability in H1 2023, with an adequate current cash position to
support the required investment in marketing. Management also
highlighted the Company's focus on innovative (e)sportsbook
products, and a potential new Business to Business (B2B) offering,
to drive revenue growth, and relevant milestones over the next six
quarters.
All matters put forward before Shareholders for consideration
and approval as set out in the Company's management information
circular dated July 11, 2022 (the
"Circular") were approved by the requisite majority of votes cast
at the Meeting. Shareholders approved setting the number of
Directors at five and elected the following Director nominees to
the Board:
- Thomas Rosander
- Drew Green
- Lloyd Melnick
- Maruf Raza
- Bo Wänghammar
Shareholders also approved the appointment of Baker Tilly WM LLP
as Company auditor for the ensuing year and approved an ordinary
resolution of disinterested shareholders regarding issuance of
shares.
The total number of Common Shares represented by 63 Shareholders
in person or by proxy at the Meeting was 17,415,543 Common Shares,
representing 25.32% of the total 68,781,500 issued and outstanding
Common Shares at the record date for the Meeting.
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
license 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.
