This week, Alberta-based provider of eSports and sports betting, as well as online casino games, Real Luck Group published its financial numbers for Q1 of 2022. During the quarter that ended on March 31, 2022, the company and its subsidiary Luckbox reported continued growth and an impressive increase of offered games on its Luckbox online casino.
Real Luck Group’s Luckbox is an award-winning next-generation gaming platform that boasts a premium selection of real-money wagering, live streams, and statistics on all major eSports events. There are also regular sports wagering as well as online casino games, and the platform is available on both desktop and mobile devices. Currently, Luckbox is live in more than 80 jurisdictions.
Quarterly Highlights
CEO of Real Luck Group, Thomas Rosander, commented that in Q1 of 2022, the company built on its offerings on the gaming platform. In his words, the goal is to make the platform the number one eSports betting destination in the whole world. He also indicated that during that time the company has added more than 400 games and products, including the online Luckbox casino.
Mr. Rosander said that the company has CA$12.5 million of cash and no debt, as the firm manages its finances prudently. Thus, allowing the company to properly execute its growth strategy. He also indicated that the company has identified CA$0.5 million of annualized savings, which will be reinvested into its business including its player acquisition efforts for this year.
When Q1 of 2022 concluded, the online casino portal ended up with 421 games from a total of six providers. This is an increase of 815% in available games in comparison to the end of Q4 2021. The company also ended the quarter with more than 50 global new player referral affiliate websites. This has helped increase player traffic to the firm’s world-class eSports, sports, and casino real-money betting offerings.
On March 24, 2022, the company announced a new collaboration with leading affiliate and performance marketing company Raketech Group Holding. This agreement built on the betting firm’s previous partnerships with several affiliate marketing networks to increase its brand exposure. Raketech is based in Malta and oversees more than 1,760 sites, which will greatly help the company in its efforts.
The eSports leader has also made some changes in the management department, as on March 1, 2022, appointed Benn Timbury as Chief Operating Officer. Then on March 9, 2022, added Bo Wänghammar to its board of directors. Mr. Wänghammar was previously employed at PokerStars as Managing Director of Casino. He was also CEO at Mr. Green & Co online casino.
More Recent Events
Real Luck Group, which is also a member of the Canadian Gaming Association, has also informed of a partnership with online casino supplier Microgaming. This deal was announced on April 13, 2022, and through it the supplier will provide more than 100 gaming titles to the online casino. This also includes branded games such as Jurassic World™, Game of Thrones™ and Lara Croft®
Source: “Real Luck Group Ltd. Reports 2022 Q1 Financial Results”, Yahoo, May 31, 2022
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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.