Real Luck Group Ltd (CVE:LUCK) (OTCQB:LUKEF) has announced an engagement with SolutionsHub Limited, a company specializing in e-gaming regulation and licensing. This new engagement will help drive 2021 and 2022 revenue growth by facilitating expansion into new markets and jurisdictions.
SolutionsHub, based in Douglas, Isle of Man, will assist Real Luck Group and its Luckbox esports gambling subsidiary companies to expand into new markets and regions through the acquisition of gambling licenses that complement its existing Isle of Man license. SolutionsHub will also offer support with regulatory affairs, including anti-money laundering compliance and responsible gambling commitments.
The engagement follows the news that the Canadian Senate last week voted in favor of Bill C-218, known as The Safe and Regulated Sports Betting Act, which proposes to make it lawful to bet on a single sports or athletics event.
READ: Real Luck Group celebrates Canadian Senate's approval of a bill to legalise sports betting
"Our Isle of Man license already allows us to offer wagering to sports and esports fans in territories around the world, and our intention is to access more markets through the acquisition of additional licenses," said Real Luck Group CEO Thomas Rosander.
"The SolutionsHub team is among the world's best when it comes to gambling licensing, making them the perfect partner to expand our business of delivering regulated, secure, and entertaining esports betting for existing and future customers.”
Real Luck Group is a member of the Canadian Gaming Association. Luckbox 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, it can offer an extensive range of betting options for esports tournaments.
SolutionsHub is an authority in crypto and blockchain gambling licensing, as well as Isle of Man regulatory compliant tokenized and blockchain businesses. The firm is renowned for its knowledge and expertise in dealing with new legislation, business models, and designing regulatory compliant solutions.
Contact the author at stephen.gunnion@proactiveinvestors.com