Luckbox Achieves Record Month of Operations in February 2023
Calgary, Alberta and Isle of Man, Isle of Man – Real Luck Group Ltd. (TSXV: LUCK) (OTCQB: LUKEF) (“the Company”) and its subsidiary companies doing business as “Luckbox”, an award-winning provider of licensed, real money esports betting, sports betting and casino games, has announced another record month of operations ending February 28, 2023.
The Company continued its rapid growth, achieving CAD$2.8 million in Global Betting Handle, a new monthly record following CAD$1.6 million in January – despite February being a short month. Monthly revenue also grew 110%, mainly driven by focusing on player margins, where the average revenue per customer increased by 127% MoM.
In just six months, the Company’s registered player base now stands at 350,000. With this initial critical mass of players on the platform, Luckbox is well-positioned to continue its growth trajectory and capture a significant share of the global esports betting market.
“We are thrilled to report another record month of operations, which is a testament to the hard work and dedication of our team,” said Quentin Martin, CEO of Real Luck Group Ltd. “Our focus on player margins has paid off, and we are seeing strong growth in both our esports and sports betting verticals. We are excited about the future and look forward to continuing to deliver value to our shareholders.”
Luckbox has been recognized for its innovative approach to esports betting, winning the EGR Marketing and Innovation Awards in 2022. The Company has also been granted a full gambling license by the Isle of Man Gambling Supervision Commission, which allows it to offer real money betting on esports and sports events to customers around the world.
Luckbox’s success comes at a time when the esports industry is experiencing explosive growth, with millions of fans tuning in to watch their favorite games and players compete. The global esports betting market is expected to reach $30 billion by 2025, according to a report by Grand View Research.
With its strong track record of growth and innovation, Luckbox is well-positioned to capitalize on this trend and become a leading player in the esports betting industry. Investors looking to gain exposure to this exciting market should consider adding Real Luck Group Ltd. to their portfolios.
