Real Luck Group Ends Second Quarter With $ 17 Million In Cash, No Debt


Real Luck Group and its subsidiaries operating under the Luckbox name today announced their financial results for the second quarter of 2021.

The group, which offers real money betting on esports and sports, ended the period with $ 17.2 million in cash and no debt. Highlights of the quarter included the promotion of Thomas Rosander from Chief Customer Officer to CEO, while VALORANT bets were added to the Luckbox platform.

The company has also entered into partnerships to “improve many functional areas of the platform, including player payment options, player registration and business intelligence.”

CEO Thomas Rosander commented: “The second quarter has been a busy and transitional time for Luckbox, during which I took over as CEO on May 10th. My priority has been to identify areas for improvement on the Luckbox platform, and I’m happy to say that the team has made several technical improvements and formed new partnerships that we believe bring us closer to generating a Long-term revenue growth in the booming sports betting industry, starting by the end of the year.

“This platform retooling was an intense and necessary phase to improve our proprietary platform before increasing our marketing spend to acquire new players to improve the return on our marketing spend for players. Our balance sheet remains strong, with $ 17.2 million in cash and no debt, allowing us to continue to execute on our strategy to become the # 1 esports betting property. “


Previous Are bottom-up resources (TSE: ASND) using too much debt?
Next Does Legend Biotech (NASDAQ: LEGN) Use Debt Wisely?