Real Luck Group, Ltd., and its subsidiary companies doing business as Luckbox, a provider of licensed, real money esports betting, on Monday said the group has engaged with SolutionsHub Limited, a company specializing in egaming regulation and licensing.
The parties said this new engagement will help drive 2021 and 2022 revenue growth at the group by facilitating expansion into new markets and jurisdictions.
SolutionsHub, based in Douglas, Isle of Man, said it will assist Real Luck Group’s mission to expand into new markets and regions through the acquisition of gambling licenses that complement the group’s existing Isle of Man license.
In addition, SolutionsHub said it will offer support with regulatory affairs, including anti-money laundering compliance and responsible gambling commitments.
The engagement follows last week’s news that the Canadian Senate voted in favor of Bill C-218, known as The Safe and Regulated Sports Betting Act, which proposes to make it lawful to bet on a single sports or athletics event.
“Our Isle of Man license already allows us to offer wagering to sports and esports fans in territories around the world, and our intention is to access more markets through the acquisition of additional licenses,” Real Luck Group CEO Thomas Rosander (pictured) said in a statement. “The SolutionsHub team is among the world’s best when it comes to gambling licensing, making them the perfect partner to expand our business of delivering regulated, secure, and entertaining esports betting for existing and future customers.”
SolutionsHub egaming specialist James O'Kelly added, “We are thrilled to be working with Real Luck Group. Real Luck Group prides itself on integrity and providing the highest levels of player safety and security. We look forward to helping Real Luck Group achieve its licensing and regulatory goals.”
Luckbox offers legal, real-money betting, live streams and statistics on all major esports and sports on desktop and mobile devices. The company has a business-to-consumer (B2C) platform, and can offer a range of betting options for esports tournaments.The Company serves esports fans in more than 80 territories across the globe.
SolutionsHub offers crypto and blockchain gambling licensing services, as well as Isle of Man regulatory compliant tokenized and blockchain businesses.
