Real Luck Group Ltd. and its subsidiary companies doing business as “Luckbox” (the “Group”), a leading provider of licensed, real money esports betting, is pleased to announce an engagement with SolutionsHub Limited, a company specializing in egaming regulation and licensing. This new engagement will help drive 2021 and 2022 revenue growth at the Group by facilitating expansion into new markets and jurisdictions.
SolutionsHub, based in Douglas, Isle of Man, will assist the Company’s mission to expand into new markets and regions through the acquisition of gambling licenses that complement the Group’s existing Isle of Man license. SolutionsHub will also offer support with regulatory affairs, including anti-money laundering compliance and responsible gambling commitments.
The engagement follows the news that the Canadian Senate last week voted in favour of Bill C-218, known as The Safe and Regulated Sports Betting Act, which proposes to make it lawful to bet on a single sports or athletics event.
“Our Isle of Man license already allows us to offer wagering to sports and esports fans in territories around the world, and our intention is to access more markets through the acquisition of additional licenses,” said Real Luck Group CEO Thomas Rosander. “The SolutionsHub team is among the world’s best when it comes to gambling licensing, making them the perfect partner to expand our business of delivering regulated, secure, and entertaining esports betting for existing and future customers.”
“We are thrilled to be working with Real Luck Group,” said SolutionsHub Egaming Specialist James O’Kelly. “Real Luck Group prides itself on integrity and providing the highest levels of player safety and security. We look forward to helping Real Luck Group achieve its licensing and regulatory goals.”
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 B2B esports & sports betting and casino, the Company has access to favourable payment processors. Luckbox is committed to supporting responsible gambling.
SolutionsHub is regarded as the leading authority in crypto and blockchain gambling licensing, as well as Isle of Man regulatory compliant tokenized and blockchain businesses. The SolutionsHub team is renowned for its knowledge and expertise in dealing with new legislation, business models, and designing regulatory compliant solutions. Unique know-how, coupled with blockchain and gaming experts, have seen SolutionsHub obtain licenses and regulatory approvals for previously unseen gaming, gambling, blockchain, and fintech business models. SolutionsHub’s portfolio includes the first regulatory approval of a blockchain gambling operator, designing world-first crypto and player protection solutions and advising the Isle of Man’s first hard-capped ICO.
Purepoint Uranium Initiates Drilling at Their Umfreville ProjectPurepoint Uranium Group Inc. (TSXV: PTU) (“Purepoint” or the “Company”) today announced the commencement of a drill program at the 100%-owned Umfreville uranium project which lies on the northeastern edge of the Athabasca Basin, Saskatchewan Canada. “We have performed airborne geophysical surveys followed by geochemical surveys over select areas at Umfreville and feel we have identified a high priority target for potential uranium deposition” said Scott Frostad, Purepoint’s VP Exploration. “As this is the first drill program on this project, we will be starting with an exploratory diamond drill hole designed to gain a better understanding of the underlying geology and to further evaluate and prioritize the project’s potential for discovery.” Highlights The 100%-owned Umfreville project consists of 7 claims totaling 18,273 hectares on the northeastern edge of Canada’s Athabasca Basin The Company is planning an initial hole of diamond drilling totaling 400 metres followed by a second hole of equal length if time allows The primary target zone appears to be a splay of the Fond du Lac Fault as evidenced by coincident magnetic and gravity low responses Regional soil samples returned high level uranium anomalies associated with the primary target zone A Technical Report on the Umfreville project can be obtained from the Company’s web site A video tour of the Umfreville project can be viewed at https://youtu.be/Af6mNL5sQZg Umfreville Project The 100%-owned Umfreville project consists of 7 claims totaling 18,273 hectares on the northeastern edge of Canada’s Athabasca Basin. Exploration conducted by Purepoint on the Umfreville project has included an airborne Megatem electromagnetic (EM) and magnetics survey, an airborne Very Low Frequency (VLF) EM survey, an airborne gravity gradiometry survey, and soil geochemical sampling. Airborne MEGATEM data covering the Umfreville project was processed using a layered-earth inversion (LEI) program and identified what is now believed to be a conductive layer within the Athabasca sandstone. The thin conductive layer within the sandstone is thought to be preventing the EM survey from properly reaching the basement rocks and identifying graphitic conductors. Reconstruction of the conductivity depth sections highlighted deep narrow conductors that are considered to show areas where the conductive layer is absent from the sandstone, the sandstone has been structurally disrupted, or the presence of very strong basement conductors. The airborne gravity survey provided a response considered to reflect basement geology. The results also indicated the presence of fault systems not previously seen and supported fault systems that were interpreted from magnetic features. Our primary exploration target is a strong elongate gravity low response within the central portion of the survey area that is coincident with a magnetic low and the interpreted source area of a Geological Survey of Canada (1979) lake bottom sediment sample that returned anomalous uranium. Soil geochemical surveys that collected a total of 383 organic A1 soil horizon samples covered the prospective gravity low / magnetic low response of the primary target zone. Assay results for vanadium, and to a lesser degree boron, showed anomalous trends similar to the uranium anomalies but the trends are parallel rather than coincident. The results for nickel, molybdenum and cobalt appear to have anomalous north-south trends that may be influenced by an underlying crosscutting structure as suggested by the airborne magnetic results. About Purepoint Purepoint Uranium Group Inc. (TSXV: PTU) actively operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin, the world’s richest uranium region. Purepoint’s flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV Project is on trend with recent high-grade uranium discoveries including Fission Uranium’s Triple R Deposit and NexGen’s Arrow Deposit and encompasses its own Spitfire discovery (53.3% U3O8 over 1.3m including 10m interval of 10.3% U3O8). Together with its flagship project, the Company’s projects stretch across approximately 185,000 hectares of claims throughout the Athabasca Basin. These claims host over 20 distinct and well-defined drill target areas with advanced geophysical surveys completed, and in some cases, have had first pass drilling performed.