Luckbox closes on Toronto stock market listing

Updated Jul 29, 2020 | Published Jul 29, 2020
[2 mins read]
Esports and crypto betting company Luckbox is close to being listed on Toronto's TSX Venture Exchange (TSXV) in October, the company has said.
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The news follows a confirmation by Luckbox that its oversubscribed financing round hit $3.7 million. To secure the TSXV listing, though, Luckbox's parent company, Esports Limited, will have to merge with Elephant Hill, a capital tool company.

Discussing the upcoming TSXV listing, company chief executive Quentin Martin had the following to add:

“The management team and board of directors have been working hard to prepare for the public listing. We have enjoyed positive discussions with the TSXV, completed the business plan required for filing, draft financials are complete, with final audit sign-off expected by end of July.”

Luckbox is an ambitious esports betting project focused on bringing viable esports betting markets in multiple regions and multiple countries. Presently, the company is in the process of adding Chinese, Russian, German, and Portuguese as viable language options.

The company also offers bitcoin and Ethereum betting opportunities responding to tech-savvy esports fans who are looking to have more than one way to bet with crypto, and alternatives to slow cash payments.

Betting volume has been increasing as well, and Luckbox has been successful in attracting noteworthy shareholders, including Major League Soccer's Luis Robles and Manchester United player David Beckham.

The company has seen a growth in the esports segment that pertains to sports simulators, such as NBA 2K competitions and FIFA. Luckbox is not the only blockchain operator pushing for esports betting solutions powered by blockchain, though.

SportsBet.io and Cloudbet are both well-established names with a very well-developed esports betting market. However, Luckbox is certainly one of the leaders in straddling the mainstream entertainment and betting markets.

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CGN senior journalist 

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