Esports betting operator Luckbox has fast tracked plans to list on Toronto’s TSX Venture Exchange thanks to booming business during the coronavirus pandemic that shutdown most sporting events. The Isle of Man-based business has seen total bets increase 500 percent
Luckbox signed a letter of intent with capital pool company Elephant Hill, a TSX-listed shell company that helps private businesses can go public.
“All of our key performance indicators have been through the roof in the past three months,” Luckbox chief executive Quentin Martin said. “We’ve seen a huge uptick across the board.”
In addition to an increase in customers and betting, the company has attracted interest from potential investors, according to iGaming Business.
The company offers betting on such titles as Strike: Global Offensive (CS:GO), Dota 2, Overwatch, as well as sport simulation games like Fifa and NBA2K.
“The potential of esports betting is well documented and these past few months have brought that into sharper focus, accelerating the numbers,” Martin said. “Many fans of traditional sports have been exposed to the excitement of esports for the first time and, hopefully, they like what they see and will be sticking around.”
