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    FANS   CA30727R1091

FANSUNITE ENTERTAINMENT INC.

(FANS)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

FansUnite Completes Integration of Cryptocurrency Payment Service Provider, CoinsPaid

05/10/2021 | 03:05am EDT

Vancouver, British Columbia--(Newsfile Corp. - May 10, 2021) - FansUnite Entertainment Inc. (CSE: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to announce that it has fully integrated CoinsPaid ("CoinsPaid"), a leading provider of cryptocurrency exchange and payment solutions, into the Company's B2B online gambling solutions.

CoinsPaid will enable FansUnite's B2B wagering platforms to process cryptocurrency payments, which provides online bettors with the ability to utilize other virtual currencies in addition to cash. B2B partners that license FansUnite's technology are now equipped with crypto deposit solutions for Bitcoin, Dogecoin, Ethereum, Litecoin, Bitcoin Cash and Tether. As a result, FanUnite's online betting solutions can be monetized via alternative payment methods, increasing the convenience for online gamblers to place bets.

"The integration of CoinsPaid allows us to offer payment solutions for our B2B partners who can now capitalize on the increasing popularity of cryptocurrencies," said Scott Burton, CEO of FansUnite. "As more companies begin to recognize the importance and utility of decentralized money, we are delighted to join a growing ecosystem where customers can make purchases with virtual currencies."

About FansUnite Entertainment Inc.

FansUnite is a sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. The principal business is operating the FansUnite Sportsbook and the website of its wholly owned subsidiary, McBookie Limited, offering online gaming services to the UK market. FansUnite is also a provider of technology solutions, products and services in the gaming and entertainment industry and looks to acquire technology platforms and assets with high-growth potential in new or developing markets.

For further information, please contact:

Prit Singh, Investor Relations at FansUnite
ir@fansunite.com
(905) 510-7636

Scott Burton, Chief Executive Officer of FansUnite
scott@fansunite.com

Darius Eghdami, President of FansUnite
darius@fansunite.com

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDERS HAVE REVIEWED ‎OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute "forward-‎‎‎looking information" under Canadian securities legislation. Generally, forward-looking information can be ‎‎‎identified by the use of forward-looking terminology such as "believes," "belief," "expects," "intends," ‎‎‎‎"anticipates," "potential," "should," "may," "will," "plans," "continue" or similar expressions to be uncertain ‎‎‎and forward-looking. Forward-looking statements may include, without limitation, statements relating to the efficacy of CoinsPaid services or increase in consumer demand due to the integration; FansUnite's ability to ‎fulfill technology needs with its ‎platform; business development ‎plans of ‎FansUnite; the Company's unique portfolio of assets; and discussion of future plans, ‎projections, ‎objectives, estimates ‎and forecasts and the timing related thereto. Forward-looking statements ‎are based ‎on the Company's ‎estimates and are subject to known and unknown risks, uncertainties and ‎other factors ‎that may cause the ‎actual results, level of activity, performance or achievements of ‎FansUnite to be ‎materially different from ‎those expressed or implied by such forward-looking statements or ‎forward-looking ‎information. Additional ‎information regarding the risks and uncertainties relating to the ‎Company's business ‎are contained under ‎the heading "Risk Factors" in the Company's Non-Offering ‎Prospectus dated March 27, ‎‎2020 filed on its ‎issuer profile on SEDAR at www.sedar.com and risks related ‎to global pandemics, ‎including the novel ‎coronavirus (COVID-19) global health pandemic, and the spread of ‎other viruses or ‎pathogens and influence ‎of macroeconomic developments. Accordingly, readers should not ‎place undue ‎reliance on forward-looking ‎statements and forward-looking information. The forward-looking ‎statements in ‎this news release are made ‎as of the date of this release. FansUnite disclaims and does not ‎undertake to ‎update or revise any forward-‎looking statements or forward-looking information, whether as a ‎result of new ‎information, future events or ‎otherwise, except as required by applicable securities laws.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83419


© Newsfilecorp 2021
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Financials
Sales 2020 1,56  1,27  1,27 
Net income 2020 -13,5 M -11,0 M -11,0 M
Net cash 2020 3,82 M 3,11 M 3,11 M
P/E ratio 2020 -7,70x
Yield 2020 -
Capitalization 174 M 143 M 141 M
EV / Sales 2019 -
EV / Sales 2020 107 490 198x
Nbr of Employees 29
Free-Float 93,5%
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Last Close Price 1,04 
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Managers and Directors
NameTitle
Scott Burton Chief Executive Officer & Director
Darius Eghdami President & Director
Graeme Moore Chief Financial Officer & Secretary
Jeremy Hutchings Chief Technology Officer
Ian Winter Chief Operating Officer
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