Real Luck Group has announced the launch of casino games on its wagering platform.
Canada.- Real Luck Group, which operates the Luckbox esports betting brand, has announced the launch of casino games. Until now, it only offered esports and sports betting. The company has also announced the release of an aggregate of 4,650,000 stock options to directors, employee officers, and consultants at CA$0.205, their price at closing on December 17. The offer is exercisable for three years.
Luckbox CEO Thomas Rosander said: “Most of our efforts this year have focused on recalibrating our next-generation wagering platform. The online casino deployment marks the most substantial and first visible milestone in that process and we achieved this prior to year end – something we’ve communicated repeatedly since I became CEO.
“The addition of casino brings Real Luck Group an expected near-term revenue stream in a vertical where I have had prior successes throughout my career, including my tenure as CEO of Dunder, which achieved annual revenues of €80m in less than three years.
“With almost $16m of cash and no debt, as of September 30th 2021, Real Luck Group is well-capitalized to continue evolving our Luckbox platform and execute on our organic player marketing program, as we embark on our revenue growth phase.”
Last week, the company named William Moore as its new chief financial officer (CFO). He replaces Ran Kaspi. Moore joins Luckbox from his position as CFO at Markor Technology, a B2B gaming company. In May, the company appointed Thomas Rosander as its new CEO. Rosander joined the group in February as chief customer offer. He was previously chief executive of Dunder Casino for three years.