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    FANS   CA30727R1091

FANSUNITE ENTERTAINMENT INC.

(FANS)
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Delayed Quote. Delayed CANADIAN NATIONAL STOCK EXCHANGE - 06/24 03:59:53 pm
1.03 CAD   -16.26%
10:45aFansUnite Entertainment Issues Statement on Senate's Approval of Bill C-218
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06/23FANSUNITE ENTERTAINMENT  : IIROC Trade Resumption - FANS
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06/23FANSUNITE ENTERTAINMENT  : Upsizes Offering of Units
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

FansUnite Enages SeventySix Capital Sports Advisory for Brand Partnerships in the United States

05/05/2021 | 03:05am EDT

Vancouver, British Columbia--(Newsfile Corp. - May 5, 2021) -  FansUnite Entertainment Inc. (CSE: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to announce that it has engaged SeventySix Capital Sports Advisory ("SSCSA"), a preeminent sports and entertainment consulting group, to assist the Company in advancing its sportsbook platform expansion in the United States.

SSCSA and its affiliated companies have an extensive network spanning some of the biggest brands within the sports and entertainment industry. With a deeply experienced team and a vast array of strategic partners, the team is uniquely poised to assist the Company with its mission.

By leveraging SSCSA's extensive network of key partners, FansUnite will be able to identify U.S. sports, esports media and other companies and brands that are looking for a betting platform partner to provide wagering services to its followers. A partnership with these brands will enable FansUnite to capitalize on their fanbase, which will further solidify the Company's footprint in the U.S. sports betting market. Furthermore, the Company will be able generate significant income through a revenue share model when it licenses its B2B online gambling solutions to these companies.

"Given the growing demand for sports and esports betting in North America, we are delighted to be working with the SeventySix Capital Sports Advisory team in securing more brand partnerships in the United States," said Scott Burton, CEO of FansUnite. "Their team has developed strong relationships with leading U.S. brands, which we can now partner with. This will enable us to continue expanding our operations in the highly lucrative U.S. online gambling market."

"We are extremely excited to assist FansUnite in its goal to replicate the success that they have experienced in other countries here in the United States," said Evan Davis, Managing Director of Sports Betting for SSCSA. "Scott and his team have built a terrific product and we're confident that with strategic brand partnerships in place, they will become a key player within the U.S. sports betting ecosystem."

About SeventySix Capital Sports Advisory

SeventySix Capital Sports Advisory is a sports consulting group of experts focused on bringing the emerging innovations and technology to sports executives, leagues, organizations and athletes. The Sports Advisory works side by side with these change makers across the evolving landscape of sports, including esports, sports betting, media and social responsibility.

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

James Santore, Manager, SeventySix Capital Sports Advisory
james@seventysixcapital.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 SSCSA services; exploitation of brands and securing brand partnerships; 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/82862


© Newsfilecorp 2021
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Financials
Sales 2020 1,56  1,26  1,26 
Net income 2020 -13,5 M -10,9 M -10,9 M
Net cash 2020 3,82 M 3,10 M 3,10 M
P/E ratio 2020 -7,70x
Yield 2020 -
Capitalization 225 M 183 M 183 M
EV / Sales 2019 -
EV / Sales 2020 107 490 198x
Nbr of Employees 29
Free-Float 93,3%
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Mean consensus -
Number of Analysts
Last Close Price 1,23 
Average target price
Spread / Average Target -
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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