Igaming veteran tasked with leading Luckbox
though anticipated player growth phase
CALGARY, AB and ISLE OF MAN,
Dec. 17, 2021 /CNW/ - Real Luck
Group Ltd. (TSXV: LUCK) (OTCQB: LUKEF) (the "Company") and its
subsidiary companies doing business as "Luckbox" (the "Group"), an
award-winning provider of licensed, real-money esports and sports
betting, is pleased to announce the appointment of William Moore as its new Chief Financial
Officer.
An ACCA-qualified accountant with buy and sell-side M&A
experience, Mr Moore joins Luckbox, leaving his position as CFO at
Markor Technology, a B2B gaming company. Mr Moore has held senior
finance positions at eGaming B2C operators since 2002, including
with Gamesys (now Bally Technologies [NYSE: BALY]), Gala Coral
Group and bwin / Party (now Entain [LSE: ENT]). During seven years
on the operating Board of Gamesys, he oversaw the successful
launches of Virgin Bet, Rainbow Riches Casino and Monopoly
Casino.
Luckbox CEO Thomas Rosander said:
"We are delighted to welcome William to the Luckbox team at an
exciting time for the Company as we target strong growth in 2022.
We intend to launch our casino during this quarter, paving the way
to ramp up our player acquisition efforts early in the new year.
William, with his vast and relevant experience at established
igaming companies, is the perfect fit to strengthen the team as we
embark on this next phase of the Company's story."
Mr Moore said: "I strongly believe that Real Luck Group is at an
inflection point where it can significantly scale player
acquisition and revenues. I am confident my experience at large
established operators will be a valuable asset to Luckbox as we aim
to become the number one esports betting destination, with
our bespoke product built specifically to meet the demands of a new
generation of bettors. I'd like to thank the Board for offering me
the opportunity to lend my skills to what I believe will be the
number one esports betting destination."
Mr Ran Kaspi is stepping down from the CFO position. Mr Kaspi
will remain with the Company in a consulting capacity, as required,
to ensure a seamless transition.
"I thoroughly enjoyed my time as Real Luck Group's CFO," said
Mr. Kaspi. "I am proud of the entire team as they not only revamped
the Luckbox platform but also supported my efforts to manage the
balance sheet and costs during this transition. William is the
perfect candidate to guide the Company through its next phase of
enhancing marketing and striving to increase the player base. I'd
like to thank everyone at Real Luck Group for making my time with
the Company fun and enjoyable."
Mr Rosander said: "I would like to take this opportunity to
thank Ran for his diligent work as we have conserved our cash and
streamlined resources during the recalibration of the Luckbox
platform, now completed. His efforts have positioned Real Luck
Group to enter the next phase of growth with a solid balance sheet
and low operational costs. I'd also like to thank Ran for staying
on during the CFO transition to ensure that our financial
operations are minimally disrupted. We are grateful for his
outstanding contribution as we look ahead to what we are
anticipating to be an exciting 2022."
About Luckbox
The Company is an award-winning betting company that offers
legal, real-money betting, live streams, and statistics on all
major esports on desktop and mobile devices. The Company has a
Business-to-Consumer (B2C) platform, and by leveraging shared
technology, data, and resources, the Company can offer an extensive
range of betting options for esports tournaments. The Company's
in-house customized user interface and user experience, built on a
technology stack that supports multiple odds and streaming sources,
allows the Company to deliver deep esports betting coverage. The
Company has been built by a team combining experience in the
igaming industry and a passion for esports to offer players a
unique, broad, engaging, and legal CS:GO betting, Dota 2 and League
of Legends betting experience. The Company serves esports fans in
more than 80 territories across the globe. In November 2020, Luckbox was named Rising Star at
the EGR Operator Awards. The Company (via the Group) holds a full
licence under the Online Gambling Regulation Act (OGRA), issued by
the Isle of Man Gaming Supervision Commission. As the Group is
fully licensed in the Isle of Man for B2C and B2B esports &
sports betting and casino, the Company has access to favourable
payment processors. Luckbox is committed to supporting responsible
gambling.
Follow Luckbox on Twitter / Facebook / LinkedIn
CAUTION WITH RESPECT TO FORWARD-LOOKING STATEMENTS
The TSX Venture Exchange has neither approved nor
disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements: This
news release may contain certain statements and information that
may constitute forward-looking information within the meaning of
applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts, including
statements regarding future estimates, plans, objectives, timing,
assumptions or expectations of future performance, including the
anticipated launch of the Company's casino platform and the timing
of such launch and the proposed emphasis on additional player
acquisition efforts anticipated to occur in Q1 2022, are
forward-looking statements and contain forward-looking information.
Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as
"intends" or "anticipates", or variations of such words and phrases
or statements that certain actions, events or results "may",
"could", "should", "would" or "occur".
Forward-looking statements are based on certain material
assumptions and analysis made by the Company and the opinions and
estimates of management as of the date of this press release,
including the ability of the Company to launch its casino platform
in Q4 2021 and the ability of the Company to increase player
acquisitions in 2022. These forward-looking statements are subject
to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information. However, the forward-looking
statements in this news release are subject to numerous risks,
uncertainties and other factors that may cause future results to
differ materially from those expressed or implied in such
forward-looking statements, including without limitation: that the
launch of the casino platform cannot be completed in Q4 2021 and
that the Company will not be able to increase player acquisition in
2022. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements and forward-looking information. Readers are cautioned
that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial
out-look that are incorporated by reference herein, except in
accordance with applicable securities laws..
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SOURCE Real Luck Group Ltd.
