Esports betting operator Luckbox to list on TSX

Esports betting operator Luckbox will list on the TSX due to booming business.
Esports betting operator Luckbox will list on the TSX due to booming business.

Luckbox will team up with capital pool company Elephant Hill, a TSX-listed shell company that helps private businesses go public.

Canada.- British esports betting operator, Luckbox, is in the final stages of preparation as it gets set to list on Toronto’s TSX Venture Exchange.

Luckbox will team up with capital pool company Elephant Hill, a TSX-listed shell company that helps private businesses go public.

As per the agreement, 32,200,142 Elephant Hill shares will be available to Luckbox shareholders, priced at CAD$0.42 per share.

Chief Executive of Luckbox, Quentin Martin, said: “All of our key performance indicators have been through the roof in the past three months. We’ve seen a huge uptick in KPIs across the board.

“As well as an increase in customers and betting activity, we’ve seen a huge level of interest from potential investors, who are realising that esports is resilient to many of the forces that affect traditional sports, not least Covid-19 and a potential recession.”

Esports betting has seen a massive boom due to most global sports being out of action for an extended period during the Covid-19 pandemic.

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