Real Luck Group Ltd. Files Full Year 2020 Financial Results

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CALGARY, AB and ISLE OF MAN, United Kingdom, April 30, 2021 /PRNewswire/ – Real Luck Group Ltd. (TSXV: LUCK) (OTCQB: LUKEF) (“Real Luck Group” or the “Company”) and its subsidiary companies doing business as “Luckbox” (the “Group”), an award-winning provider of legal, real-money esports and sports betting, today filed financial results for the full year 2020 on SEDAR.

“Fiscal 2020 was an important year for our young company as we achieved several important milestones, including our oversubscribed equity financing and public listing on the TSX Venture Exchange,” said CEO Quentin Martin. “Our focus throughout fiscal 2020 was on developing our proprietary esports betting platform and, despite nominal marketing spend, we were able to organically and efficiently increase our audience as the global pandemic brought esports betting into focus during early 2020. However, the calendar of esports events was adversely impacted, particularly in the second half, due to the postponement of the biggest esports event of the year – the Dota 2 International. This year’s esports calendar looks much better, and our strong balance sheet positions us for healthy growth in 2021 and 2022. As we continue to grow our team, enhance our product and spread the word about Luckbox with a comprehensive marketing strategy in place, we look forward to offering our customers the opportunity to wager on several highly anticipated events.”

“We are well capitalized owing to the successful Private Placement of Special Warrants in March 2021 to execute our mission of delivering Esports Betting Done Right,” said Chief Customer Officer Thomas Rosander. “As well as accelerating our customer acquisition efforts, this capital enables us to continue improving the Luckbox platform, strengthening our team, and engaging with relevant third parties to create the world’s leading esports betting platform, with fundamentals in place to ensure long-term growth. To this end, we are implementing new, data-driven systems ahead of significantly accelerating our customer acquisition efforts in order to ensure the highest possible return on investment from our marketing spend. We look forward to sharing the success of these new marketing programs during 2021.”

Subsequent events to 2020

Milestones achieved by the Company in