Keystone Law Isle of Man (IOM) has advised Isle of Man-based pure play esports betting company Esports Limited, trading as Luckbox, on its merger with Canadian company Real Luck Group Limited and the subsequent listing on the TSX Venture Exchange in Toronto.
Following successful completion of a scheme of merger with Luckbox, Real Luck Group Limited began trading on the TSXV on 16 December 2020 under the ticker “LUCK”.
Luckbox offers legal, real-money betting, live streams, and statistics on all major esports on desktop and mobile devices. Luckbox has a B2C platform, and by leveraging shared technology, data, and resources Luckbox can offer an extensive range of betting options for esports tournaments. Luckbox holds a gambling licence issued by the Isle of Man Gambling Supervision Commission and significant operations in the Isle of Man.
Led by corporate solicitor Hazel Dawson, Keystone advised on the scheme of merger in the Isle of Man and assisted Luckbox’s Canadian advisors, Fasken Martineau, on the Isle of Man aspects of the Canadian law reverse takeover transaction.
Commenting on the transaction, Hazel Dawson said: “Esports is one of the Island’s most exciting sectors and it was fantastic to advise the team at Luckbox on this multi-jurisdictional transaction. Going public is a huge milestone for any company and I wish them all the best for the next stage of growth.”
Luckbox Chief Executive Officer Quentin Martin said: “I would like to thank Hazel and the team at Keystone Law as they played a huge part in what is a significant moment for our company.
“Their expertise, flexibility and approachability were very welcome and their support throughout the process was invaluable.”
Keystone Law has significant experience advising esports companies in the IOM on their legal and regulatory requirements. The firm’s team of experts together with colleagues in the UK can be called upon to cover the most complex of legal issues in the areas of law such as corporate, commercial, licensing, property, planning, regulatory law and contracts.