Real Luck Group Ltd (TSX-V:LUCK, OTCQB:LUKEF), along with its subsidiaries operating under the name Luckbox, announced record player metrics during May 2023, with average player stakes now exceeding $1,000 per active player for the first time in its history.
The award-winning provider of licensed esports betting, sports betting and casino games said Average Revenue Per User (ARPU) also grew significantly in the month, up 87% compared with April 2023 ARPU.
“Our continued month-over-month growth during May was yet another strong signal of Luckbox delivering on its plan to grow the player base in Q1, then double down on player value and optimization in Q2,” Real Luck Group CEO Thomas Rosander said in a statement.
“We have made positive operational strides on our B2C business, and ongoing discussions regarding go-to-market efforts for our B2B are expected to yield benefits in the near future,” he added.
Real Luck Group also noted that May's performance exceeded management expectations on key metrics including Gross Gaming Revenue, which increased 8% compared to April, along with a 6% month-over-month (in EUR base currency) improvement in Global Betting Handle to $4.9 million, with $18.9 million now staked across the platform in the five months year to date.
The company added that it has continued with data-driven traffic source optimization, customer relationship management and product improvements, which has allowed it to acquire global players at a low CPA (cost per acquisition) while maintaining a high player value.
In addition, Real Luck Group reported that it intends to raise gross proceeds of up to $2.4 million in a non-brokered private placement, by issuing up to 60 million company units at a price of $0.04 per unit.
Real Luck Group said it intends to use the net proceeds of the offering for corporate development, facilities expansion, technology advancement and general working capital.
Each unit of the private placement will consist of one company common share plus one common share purchase warrant, with each warrant being exercisable to acquire one Real Luck Group common share for a period of 36 months following the closing date of the offering at an exercise price of $0.08 per common share, subject to adjustment in certain circumstance.
Real Luck Group offers legal, real-money betting, live streams, and statistics on all major esports and sports on desktop and mobile devices. It has a B2C platform, and by leveraging shared technology, data, and resources, offers an extensive range of betting options for esports tournaments.
Contact Sean at sean@proactiveinvestors.com