Real Luck Group continues to grow its brand by expanding its gamin services, as most recently, the company launched a brand-new online casino. The company is a prominent provider of sports and eSports wagering options, and now its online casino is integrated into its subsidiary Luckbox and its online betting platform. The iCasino was officially launched on December 20, 2021.
The company’s idea is to take advantage of the growing international online casino industry, which according to a study by ResearchandMarkets.com is estimated to be worth approximately US$134.9 for 2021. The research also predicts that the market could reach US$159.8 in the next five years, and with the recent launch of the iCasino the company is well-prepared for the expansion.
Promise Kept
CEO of Luckbox, Thomas Rosander, commented that most of the company’s focus has been on the recalibration of its next-generation wagering platform. According to him, the launch of the online casino is the most substantial and first major milestone for the company’s expansion of online offerings. This way the company delivers its promise to launch it prior to the end of this year.
He said that the company will continue to bolster its proprietary products as its goal is to always improve the betting experience for the next generation of players. He also shared that the addition of the online casino will be an expected near-term revenue stream for the company. Mr. Rosander is quite experienced in the field as he was CEO of Dunder, which scored annual revenues of €80 million in less than three years.
The CEO continued by saying that the company is in possession of around CA$16 million of cash and no debt as of September 30, 2021. He also believes that with the current stats, Real Luck Group is in a great position to further develop the company’s online platform. He also thanked the team for achieving the milestone in time and thus keeping their roadmap.
Mr. Rosander concluded his statement by explaining that after the completion of the iCasino launch milestone, the company will be turning its attention to its growth strategy. He noted that the plan now is to improve the corporation’s player acquisition efforts across all of their verticals of sports and eSports betting, along with sharing KPIs with investors soon.
Aspire Global Deal
In the summer, Real Luck Group inked a very important partnership deal that improved offerings at its Luckbox subsidiary. The agreement was with Aspire Global, which is an industry-leading B2B provider of iGaming solutions and technology to the gaming industry. Through the deal, Aspire Global’s subsidiary has launched its premium casino and sportsbook content on Luckbox’s platform.
Supporter of Bill C-218
Additionally, in the summer Real Luck Group was quite satisfied with the passage of Bill C-218 at the Canadian Senate. The legislation also known as The Safe and Regulated Sports Betting Act legalizes betting on individual sporting events. The company praised the government for the development of the bill and believes that the change would be able to elevate the Canadian sports betting industry to new highs.
Source: “Real Luck Group Launches Online Casino on Revamped Luckbox Platform”, Cision, December 20, 2021
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Author: Yolina
Yolina has followed closely the latest development on the Canadian gaming scene over the past years, monitoring the land-based, lottery, and online offerings up for grabs. The dynamic nature of the local lottery and casino fields, as well as the opportunities lying ahead of Canada fire her enthusiasm for what is to come. A sports betting enthusiast, in her spare time Yolina could be found in her natural habitat – turning the pages of biographies and catching up on the latest stand-up comedy podcasts.