Real Luck Group has released the results of its recent annual meeting. The company, along with its Luckbox subsidiary, held its 2022 Annual General Meeting on August 11.
Company CEO Thomas Rosander and CFO William Moore provided an update on the group’s progress throughout year, stating “the company's transformation is now complete, with meaningful player acquisition now having commenced.”
Management also provided highlights for ongoing company strategies in multiple areas, including online and retail sportsbook products, online casino, and a new potential B2B offerings. The group established goals “to drive revenue growth and relevant milestones” during the next six quarterly periods.
“Additionally, Online Casino provides the Company a path to profitability in H1 2023, with an adequate current cash position to support the required investment in marketing,” Real Luck said in a statement.
One of the goals of the meeting was for shareholders to establish a set number of directors to represent the board. Shareholders decided on five and elected Thomas Rosander, Drew Green, Lloyd Melnick, Maruf Raza, Bo Wänghammar to the board.
In addition to these appointments, shareholders named Baker Tilly WM LLP as a company auditor for the year.
Real Luck Group is the parent company of Luckbox, which supplies licensed esports betting, sports betting and casino games for desktop and mobile devices. Luckbox is listed on the Toronto Venture Exchange.
It launched its online casino in December of last year.
Real Luck Group and Luckbox recently partnered with online casino software supplier Microgaming. The collaboration added nearly 100 new titles to Luckbox’s portfolio, including 9 Masks of Fire, Book of Oz, Immortal Romance, as well as other well-known titles such as Jurassic World, Game of Thrones and Lara Croft.
Players can access to 450 game titles through the Luckbox online casino.
