Real Luck Group signs LOI to acquire Asian-Focused iGaming platform


Real Luck Group Ltd.  and its subsidiary firms doing business as "Luckbox" (the "Group"), an award-winning provider of licensed, real money esports betting, sports betting and casino games, has filed financial results for the three and nine months ended September 30, 2022 ("Q3 2022") on SEDAR.

The Company also declares a LOI to acquire a leading Asia-Pacific (APAC) focused iGaming platform (the "Target"), with a wholly owned proprietary tech stack, subject to TSX Venture Exchange ("TSXV") approval (the "Transaction").

Management Commentary

Real Luck Group CEO Thomas Rosander said: "Q3 was about ramping up our player acquisition initiatives. As reported, our record Q4 key performance indicators are a testament that our scalable plan is delivering above our expectations. We are already seeing significant improvements for growth in Q4 2022, as we now focus on driving additional player value, deposits and wagers on our platform."

"Adding B2B to our proprietary platform has always been a significant part of the Luckbox strategy, and this important acquisition means we will complete this objective almost a year in advance of our projections. It also extends our opportunities into APAC, a significant region that we currently do not have a presence in and perhaps the largest esports market globally. This transaction ultimately builds our business' upside by providing immediate access to a large player base. This all-stock transaction further validates our strategic growth plan, with both companies sharing a common Luckbox vision. The newly announced acquisition, which is expected to close by the end of the year, will further accelerate our growth and footprint in global markets as we head into 2023 and beyond", added CEO Thomas Rosander.

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