Luckbox CEO Says Move is “Significant Boost” for the Betting Sector
Calgary, Alberta and Isle of Man–(Newsfile Corp. – February 5, 2021) – Real Luck Group Ltd. (TSXV: LUCK) (the “Company”) and its subsidiary companies doing business as “Luckbox” (the “Group”), a provider of legal, real money esports betting, has welcomed the news that gambling apps will be available for download in the Google Play Store in 15 countries.
Google’s updated policy, which can be found at https://support.google.com/googleplay/android-developer/answer/10318510, states that starting March 1, 2021, gambling apps will be available for download on Android devices in the U.S., Australia, Belgium, Canada, Colombia, Denmark, Finland, Germany, Japan, Mexico, New Zealand, Norway, Romania, Spain, and Sweden. This expands the geographical reach of Google Play Store gambling apps beyond Brazil, France, Ireland, and the United Kingdom, countries where in-app gambling is already available through the Google Play Store.
Quentin Martin, Real Luck Group Ltd. CEO, said: “Google’s addition of 15 nations (for a total of 19) that can now download gambling apps is a significant boost for the igaming sector. As an operator offering wagering on esports and sports via our Luckbox platform, this is a positive catalyst for the mobile betting sector, as it facilitates further player uptake in a responsible manner and signals the widening global acceptance of gaming.”
According to the European Gaming & Betting Association, mobile betting was expected to account for 45.6% of online gambling revenue in 2020 and to reach 50.8% by 2022, surpassing the use of desktop for the first time. This trend is expected to continue, with mobile betting projected to reach a 58.2% share in 2025. Luckbox is a bespoke platform built to be mobile friendly with about 50% of our traffic coming via mobile users. The addition of a mobile app allows operators an improved connection with customers, such as real-time notifications, deeper integration with devices and additional security features.
For further information, please contact:
Real Luck Group Ltd.
Quentin Martin, Chief Executive Officer
Phone: (+44) 7498 181 863
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.
This news release may contain certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to: the results of the study performed by the European Gaming & Betting Association; management’s beliefs that the addition of gambling apps available for download in the Google Play Store in new countries: (i) provide a significant boost for the betting sector and represent a positive catalyst for the mobile betting sector, (ii) will facilitate further player uptake, and (iii) signal the widening global acceptance of gaming; and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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