Real Luck Group has recently published its financial review covering the second quarter of the year.
The Canadian bookmaker has recently issued its financial analysis regarding the second half of the year, highlighting a strong forecasted growth in revenue and EBITDA of its newly founded gambling operation.
The first major change outlined in the release is of course the organization’s transition from gambling media and interface development to obtaining players for its operating business. RLG had announced earlier in the month that they had completed the player acquisition stage and had gathered enough users to start turning a profit very soon. The group has predicted that their Luckbox iGaming brand will turn a profit and return a positive EBITDA figure by mid 2023
In terms of numbers, the company reported a liquidity of over 10 million Canadian dollars, both in cash and cash equivalents. Additionally, the firm also mentioned the absence of debt, adding that they have amassed enough resources to execute their expansion plan.
Up next, the bookmaker reported a significant addition to its catalog of games during the quarter, as it has sourced over 700 games from half a dozen game developers. That amounted to an approximate 65% increase in the size of their portfolio of offerings.
Furthermore, the holding corporation also detailed the numerous partnerships it made during the period, totaling over 50 collaborations with various player procurement specialists.
Other noteworthy events included the appointment of Daniel Sanders as the head of marketing, as well as the handout of nearly 120 thousand bonus shares to the business’s former chief executive, Quentin Martin.