Luckbox parent company loses $3.1M in first half of 2022

Real Luck Group, the parent company of esports betting brand Luckbox, has shared its financial results for the first half of 2022.

Brass tacks: The results were published on August 24.

• Revenue of $24,962 (CAD $32,468) with a cost of sales of $97,053 (CAD $126,237) for the first six months of the year.
• Expenses (advertising, consulting fees, insurance, travel, and so on) totaled $3.1M (CAD $4M).
• Net loss of $3.1M (CAD $4M), compared to $3.6M (CAD $4.7M) for the same period in 2021.

The company: It's competing with other sportsbooks such as Rivalry.

• Real Luck Group owns Luckbox, a major player in the world of esports betting.
• The platform allows users to bet on titles like League of Legends, Counter-Strike: Global Offensive, Dota 2, VALORANT, Rainbow Six Siege, Call of Duty, and Overwatch.
• However, it also offers markets for a selection of sports — namely football, tennis, basketball, ice hockey, and American football — and has a number of casino games on its platform.
• It's hiring for a Head of Communications and Senior Affiliates Manager at the time of publication.