Luckbox gears up for Toronto IPO

Tag: 爱上海FV

first_img Luckbox outlines final TSXV roadmap July 29, 2020 Luke Campbell, Champion Sports: Modular thinking most play the lead role in sportsbook migrations August 26, 2020 StumbleUpon Submit IoM Digital appoints Chris Kissack as esports lead  July 22, 2020 Share Related Articles Share Esports bookmaker Luckbox is ‘accelerating plans’ to list its business on the TSX Venture Exchange – Toronto’s marketplace for small-to-mid sized fast-growth enterprises.Luckbox management reveals that during May it recruited TSX fund and ‘capital pool’ advisor Elephant Hill Capital to act as lead agent planning the firm’s IPO route.Elephant Hill has published a prospectus on Luckbox, in which its details that the esports bookmaker recorded a ‘500% uplift in wagers during lockdown’. Luckbox is now pursuing an IPO to take full advantage of this growth.Luckbox’s ‘proposed financing’ sees the esports bookmaker plan a ‘private subscription placement’ aiming to raise IPO proceeds of between $2-3 million.Company CEO Quentin Martin said: “All of our key performance indicators have been through the roof in the past three months. We’ve seen a huge uptick in KPIs across the board.”Preparing for its TSX listing, Luckbox aims to engage in a ‘short funding round’ led by Gravitas and Beacon Securities.Founded in 2017 by enterprise team of former PokerStars executives, Isle of Man licensed Luckbox launched its full-scale esports wagering platform in the summer of 2019.“The potential of esports betting is well documented and these past few months have brought that into sharper focus, accelerating the numbers,” added Martin. “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.”last_img read more


Tag: 爱上海FV

first_imgIn light of concerns raised by local operators with respect to the tendering process applicable for duty-free shops at the Cheddi Jagan International Airport (CJIA), the CJIA has said that no new contract was entered into for Arrivals Duty-Free Concession.The Department of Public Information (DPI) has reported that, over the past few years, the Cheddi Jagan International Airport Corporation had been publicly advertising and inviting Expressions of Interest for the various concessions available at the airport. This policy decision allows for qualifying individuals and companies to be awarded concessions in a fair, equitable, and transparent manner.Recently, the CJIA engaged in a public process for Expressions of Interest for Arrivals Duty-Free Concession; Departures Duty-Free Concession; Advertising Concession; Provision of Insurance Services; Provision of Legal Services; Ground Handling Concessions; Executive Lounge Concession and Office Rental Concession.Similar to the public tendering process, the qualifying criteria for the various concessions are clearly spelled out in the Expression of Interest document.Once these Expressions of Interest are received, they are evaluated, and a decision is taken based on criteria set out in the document.The Arrivals Duty-Free Concession was publicly advertised, and a conditional award was made to the most responsive bidders. No new contract was entered into for Arrivals Duty-Free Concession.CJIAC has said it values the relationship with its existing stakeholders, and will continue to work with them to ensure that all new awards are done in an impartial and transparent manner.“As a matter of fact, we have had several meetings with stakeholders to provide clarification and guidance on the bidding process”.Notwithstanding the above, CJIAC has said, it has an obligation to provide a variety of services for airport users; and “we remain committed to promoting and supporting our local companies and manufacturers”.“As in any public solicitation process, we are committed to honouring all the conditions set out in the evaluation and award process. Companies and bidders that require assistance/clarification on the tendering process are encouraged to reach out to the management of the airport for guidance and assistance”.It has been reported that several firms had met with Public Infrastructure Minister David Patterson last week, and raised their concerns. Thus far, ANSA McAL and Kings Enterprises were given spots at the recently rehabilitated Duty-Free Area.Guyana Times has been told that Banks DIH Limited and Demerara Distillers Limited (DDL) have applied for spots, but are yet to be given the green light.last_img read more