Real Luck Group CEO cheers Home passage of expense that would legalize single-event sports wagering in Canada
Real Luck Group Ltd (CVE: LUCK) (OTCMKTS: LCKKF), the operator of esports betting website Luckbox, praised the Canada House of Commons for advancing costs that would legalize single-event sports wagering in the nation.
Private Members Bill C-218 passed in the House on Tuesday in its second reading on a 303-15 vote. The costs now heads to potentially a final round of hearings with the Justice Committee.
Another piece of legislation, Bill C-13, was formerly introduced by the federal government and would likewise legalize single-event sports betting by modifying the federal Bad guy Code. Costs C-13 is anticipated to be taken up by the Home in the future, the company stated.
” This frustrating result reveals there is cross-party assistance for a change to what is an outdated law and very welcome for organisations like ours, which provide safe, accountable and satisfying betting on events,” Luckbox CEO Quentin Martin stated. “This result is another considerable action towards having the ability to provide safer [betting] to the millions of sports and esports fans in Canada.”
READ: Real Luck Group reveals partnerships with leading payment suppliers
” Legalization, guideline and dealing with responsible operators are, in our view, the best ways to keep fans safe and use them the very best possible experience,” Martin included. “We will be following the outcome of Expense C-13 extremely carefully during these interesting times [for] fans of esports, sports and the igaming market in Canada and the US.”
Real Luck Group, based in Calgary, Alberta, previously sent an application to sign up with the Canadian Gaming Association, in anticipation of the legalization, the business said.
Luckbox provides betting, live streams and statistics on all significant esports, including CS: GO, Call of Duty, Overwatch and League of Legends, as well as wagering on more than 100 sports through its exclusive platform.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel