Real Luck Group Welcomes Step Towards Single Event Betting in Canada After Bill C-218 is Passed
Calgary, Alberta--(Newsfile Corp. - February 18, 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 commented on the status of legislation, Private Members Bill C-218 and Bill C-13, to legalize single event sports betting in Canada.
Private Members Bill C-218 was voted on and passed in the House of Commons on Tuesday, February 17, 2021. Similar legislation in Bill C-13, which was previously introduced by the federal government, would legalize single event sports betting at the federal level in Canada and is anticipated to be taken up by the House of Commons in the near future.
Bill C-218 was adopted at the second reading with 303 votes in favour and 15 against.
Bill C-13 proposes amending paragraph 207(4)(b) of the Criminal Code to make it lawful to bet on a single sports or athletics event.
"This overwhelming result shows there is cross-party support for an amendment to what is an outdated law and very welcome for organisations like ours which offer safe, responsible and enjoyable wagering on events," Luckbox CEO Quentin Martin said. "This outcome is another significant step towards being able to offer safer waging to the millions of sports and esports fans in Canada. Legalization, regulation and working with responsible operators is, in our view, the best means to keep fans safe and offer them the best possible experience. We will be following the outcome of Bill C-13 very closely during these exciting times fans of esports, sports and the igaming industry in Canada and the US."
The Company, based in Calgary, Alberta, has previously submitted its application to join the Canadian Gaming Association ahead of the anticipated legalization of single-event wagering in Canada.
Luckbox offers wagering, live streams and stats on all major esports, including CS:GO, Call of Duty, Overwatch and League of Legends, as well as betting on more than 100 sports through its proprietary platform.
The Company is an award-winning betting company that 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 by leveraging shared technology, data, and resources, the Company can offer an extensive range of betting options for esports tournaments. The Company's in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows the Company to deliver deep esports betting coverage. The Company has been built by a team combining experience in the igaming industry and a passion for esports to offer players a unique, broad, engaging, and legal CS:GO betting, Dota 2 and League of Legends betting experience. The Company serves esports fans in more than 80 territories across the globe. In November 2020, Luckbox was named Rising Star at the EGR Operator Awards. The Company (via the Group) holds a full licence under the Online Gambling Regulation Act (OGRA), issued by the Isle of Man Gaming Supervision Commission. As the Group is fully licensed in the Isle of Man for B2C and Business to Business (B2B) esports & sports betting and casino, the Company has access to favourable payment processors. Luckbox is committed to supporting responsible gambling.
For further information, please contact:
Real Luck Group Ltd.
Quentin Martin, Chief Executive Officer
Phone: (+44) 7498 181 863
Real Luck Group Ltd.
James McMath, Media Manager
Phone: (+44) 7811 608930
Nikhil Thadani, Sophic Capital
Phone: (647) 670-2882
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