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Real Luck Group highlights 2020 as “important year” in trading update

Real Luck Group Ltd. says 2020 was “an important year” in which the “young company achieved several important milestones” in its latest trading update.

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The provider of legal, real-money esports and sports betting highlighted its oversubscribed equity financing and public listing on the TSX Venture Exchange as such milestones.

In its latest trading update, the group also noted its 2021 milestones, namely the addition of sports betting, as well as the completion of Private Placement of Special Warrants, with gross proceeds of $17.8 million.

Further updates included the appointment of Thomas Rosander, former CEO of Dunder Casino, as chief customer officer, and the partnership with affiliate marketing platform Income Access. Real Luck Group also noted the partnerships with NETELLER, Skrill and Trustly.

“Our focus throughout fiscal 2020 was on developing our proprietary esports betting platform and, despite nominal marketing spend, we were able to organically and efficiently increase our audience as the global pandemic brought esports betting into focus during early 2020,” said CEO Quentin Martin (pictured).

“However, the calendar of esports events was adversely impacted, particularly in the second half, due to the postponement of the biggest esports event of the year - the Dota 2 International. This year's esports calendar looks much better, and our strong balance sheet positions us for healthy growth in 2021 and 2022.”

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