Real Luck Group welcomes the passing of Bill C-218, The Safe and Regulated Sports Betting Act, on second reading at the Canadian Senate

Real Luck Group Ltd. (CVE:LUCK) (OTCQB:LUKEF) and its subsidiary companies doing business as Luckbox, has said it welcomes the passing of Bill C-218 -  known as The Safe and Regulated Sports Betting Act - on second reading at the Canadian Senate. Bill C-218, which proposes to make it lawful to bet on a single sports or athletics event, now moves to the Senate's Standing Committee on Banking, Trade and Commerce for deliberation. Thomas Rosander, CEO of Real Luck Group, said: "We welcome seeing Bill C-218 pass the second reading in the Senate, which brings us a step closer to the realization of safe and legal single-event wagering in Canada. There is huge demand among sports and esports fans in Canada for betting, and the industry is expected to be worth billions to the nation's economy." READ: Real Luck Group says Thomas Rosander, formerly its chief customer officer, has been promoted to chief executive officer Rosander added: "Luckbox's proprietary award-winning platform, offering wagering on 14 major esports as well as sports betting, is well-positioned to benefit from this trend. Real Luck Group is a member of the Canadian Gaming Association and we are following the progress in the Senate in what are exciting times for the igaming industry in Canada and the US." Formerly its chief customer officer, Rodsander was promoted to being chief executive officer of the company on May 10. 2021. Prior to joining Luckbox, Rosander - an experienced igaming executive - held positions as chief executive officer of Dunder Casino, chief product officer at Mr Green Online Casino (acquired by William Hill in 2019), and section head Business Intelligence at bwin (acquired by Entain, formerly GVC Holdings, in 2016). he was also engagement director and business intelligence director at global game developer Electronic Arts. Luckbox 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, it 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 it to deliver deep esports betting coverage. In November 2020, Luckbox was named Rising Star at the EGR Operator Awards. Via the group, Luckbox 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 B2B esports & sports betting and casino, the company has access to favourable payment processors. Contact the author at jon.hopkins@proactiveinvestors.com