Real Luck Group Ltd (TSX-V:LUCK, OTCQB:LUKEF) and its subsidiary companies, doing business as Luckbox told investors that its December operating results exceeded objectives, building on strong operations in November.
The award-winning provider of licensed esports betting, sports betting and casino games said it achieved over C$3 million in Global Betting Handle by the end of the fourth quarter, monthly revenue grew 120%, and Total Player Deposits grew by 420% since the group first shared these KPIs (key performance indicators) in August 2022.
"We ended 2022 with a record-breaking December, delivering on our 2022 targets and demonstrating our 2023 potential,” Real Luck Group CEO Thomas Rosander said in a statement. “Not only are our December results encouraging, and a promising glimpse of our future growth potential.”
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The company said its Player Acquisition efforts throughout December 2022 and thus far into January 2023 have exceeded management's expectations, with over 30,000 newly registered players joining the platform in the last six weeks. It said this showcases, yet again, that its product and platform are attractive to its global audience and that Luckbox has the ability to scale in target markets globally.
The company also achieved several other milestones, including having over two million bets accepted and placed on the Luckbox platform and offering over 900 live games on the casino portfolio.
“Looking ahead, we're eager to attain profitability, scale up our brand awareness, and reveal our new B2B product in 2023,” Rosander concluded. “We believe our game-changing B2B product will unlock huge potential in a new vertical.”
One-on-one meetings
The company also announced that chief operating officer Benn Timbury will attend a series of one-on-one meetings with investors at the 9th annual CEM AlphaNorth Capital Event from January 22-23 in Nassau, Bahamas.
The conference is an invite-only event that introduces growth-stage companies to active top-level capital finance individuals through a day of scheduled one-on-one meetings and networking activities. More information is available here.
Real Luck Group 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, offers an extensive range of betting options for esports tournaments.
Contact the author at stephen.gunnion@proactiveinvestors.com