Some of the Q1 operational highlights outlined in the report are over 50 partnerships and agreements with global new player referral affiliate sites, and an 815% increase in games offered since the end of Q4 2021.

Thomas Rosander, Real Luck Group CEO, said of the results: "The first quarter of 2022 saw the company continue to make vast improvements to our platform, as we strive to become the world's number one esports betting destination.

"We have now introduced more than 400 games and products, including the newly launched online Luckbox casino, a vertical designed to bring engaging content to our players and near-term revenue to the business.”

He went on to comment on the new partnerships, stating: "Additionally, we embarked on the initial stages of our player acquisition campaigns, adding new partnerships with some of the biggest global player acquisition and referral networks. We continue to monitor and optimize our acquisition metrics, with the aim of maximizing ROI on marketing spend, despite player acquisition costs trending upward in recent months.”

The report details new appointments to the board of directors. On 1 March 2022 Benn Timbury was appointed as COO, with Rosander commenting that they had “strengthened our leadership team.”

Former Managing Director of Casino at Pokestars, Bo Wänghammar, was also appointed to the Real Luck Group board on 9 March 2022.

Giving his thoughts on future financial performance, Rosander said: "Gaming revenues from esports betting in global markets, is forecast to grow at an unprecedented average of 17.6% year-on-year to 2026 in regulated markets alone – a faster rate than sports betting."