Real Luck Group announces strong March and record Q1

(PRESS RELEASE) -- Real Luck Group Ltd. and its subsidiary companies doing business as “Luckbox”, an award-winning provider of licensed, real money esports betting, sports betting and casino games, announces another positive month of operational growth during March.

In March, the company once again generated a new record in Global Betting Handle of CAD $5.0 million, up from February's record CAD $2.8 million. This was mainly driven by the positive increase in active players, new markets and player revenue.

Global Betting Handle and player revenue are the key performance measurables in B2C growth. Real Luck Group will continue to simultaneously focus on driving player value from the Company's registered player base, which now stands at 387,000.

“2023’s first quarter has ended on a very strong trajectory for us,” said said Real Luck Group CEO Thomas Rosander. “Our B2C commitment, and our progress on our new B2B product, are both achieving the strategic milestones that we expected at this time of year. We look forward to sharing further progress as both verticals of the business grow and as the Company evolves in Q2."

The Company would also like to provide an update on the previously announced LOI to acquire an Asia-Pacific (APAC) focused iGaming platform. After conducting the appropriate due diligence, the company has decided not to proceed with the proposed acquisition.