eSports
Second tranche takes Luckbox financing to $4.5m CAD

Dedicated esports betting platform Luckbox has completed a second tranche of funding, attracting a further $627,650 CAD from investors.
It takes the total raised in the offering to date to $4,505,874 CAD, after a first tranche was completed with proceeds of $3,878,224 CAD.
Luckbox is a licensed platform providing real-money betting on 13 esports to fans in more than 100 territories across the world. The company has enjoyed a highly successful first half of 2020, with the Covid-19 lockdown prompting a surge in esports betting activity.
The offering was heavily oversubscribed and subsequently upsized from the previously announced range of $2,000,000 CAD to $3,000,000 CAD.
Last month, it was announced that Luckbox had signed a letter of intent with Elephant Hill Capital Inc (TSXV: EH.P), a capital pool company, with the intent to list on the TSX Venture Exchange.
Luckbox CEO Quentin Martin said: “Esports has been one of the few industries to thrive during the Covid-19 outbreak and its enormous potential has been brought into sharper focus. Investors have clearly taken note and their support for us puts us in an even stronger position to accelerate our growth plans.â€
Mo Fazil, President and CEO for Elephant Hill said: “As evidenced by the oversubscribed subscription receipts offering, we continue to be enthusiastic about our proposed business combination with Luckbox.
“The esports market continues to expand with each passing month and Luckbox is positioned to be one of the leading esports betting companies in an exciting growth industry.â€
-
Africa3 days ago
New Governing Board of the Gaming Commission of Ghana Sworn in
-
Africa6 days ago
pawaTech strengthens its integrity commitment with membership of the International Betting Integrity Association
-
Asia6 days ago
FIFA, NBA, UFC and More Sports Events Go Live – Crypto Sportsbook BETY Offers Global Sports Betting Coverage 2025
-
Baltics6 days ago
Estonian start-up vows to revolutionise iGaming customer support with AI
-
Gambling in the USA6 days ago
Gaming Americas Weekly Roundup – June 16-22
-
Africa5 days ago
SA Rugby Renews its Partnership with Betway
-
Industry News7 days ago
Arizona Department of Gaming Releases March Sports Betting Figures
-
Asia5 days ago
Polemos Announces Partnership with Guinevere Capital