Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. CANADIAN NATIONAL STOCK EXCHANGE
  5. FansUnite Entertainment Inc.
  6. News
  7. Summary
    FANS   CA30727R1091

FANSUNITE ENTERTAINMENT INC.

(FANS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

FansUnite Entertainment Applies for U.K. Gambling Licenses

03/04/2021 | 07:05am EDT

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2021) -  FansUnite Entertainment Inc. (CSE: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") announced that its subsidiaries, Askott Entertainment (Malta) Limited and E.G.G. Ltd., have filed applications for both Business-to-Business ("B2B") and Business-to-Consumer ("B2C") gambling licenses, respectively with the U.K. Gambling Commission ("Gambling Commission").

The U.K. Gambling Commission was set up under the Gambling Act 2005 to regulate commercial gambling in Great Britain in partnership with licensing authorities.

As part of FansUnite's expansion strategy, the Company has applied for a remote gambling software license, which will unlock its suite of betting products to operators in the U.K. online gambling market. In addition, E.G.G. Ltd. has applied for a remote betting license which will permit it to deploy its B2C wagering platforms in the United Kingdom.

These applications represent a critical step for FansUnite to expand its operations to the U.K., a jurisdiction that is considered to be one of the largest gambling markets in the world.

"The U.K. gambling licenses are widely regarded as the gold standard for lawful gaming operations and we are pleased to have formally submitted our application with the commission," said Scott Burton, Chief Executive Officer of FansUnite. "The first step to our expansion in the U.K. is to obtain the relevant licenses from the country's Gambling Commission, which will allow us to license our betting solutions as well as operate our B2C betting platforms in the United Kingdom. By doing so, we will be in a position to advance our operations to capture market share in one of the most lucrative online betting markets in the world."'

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 successful approval of the Company's applications by the Gambling Commission, the expansion strategy of the Company into Great Britain, the size of the gambling market in Great Britain; the ability of FansUnite to implement their licensing strategy; 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/76026


© Newsfilecorp 2021
All news about FANSUNITE ENTERTAINMENT INC.
06/14FANSUNITE ENTERTAINMENT  : Up 4% after Reporting Start of Trading on OTCQX Best ..
MT
06/14FansUnite Entertainment Announces Commencement of OTCQX Trading
NE
05/18FANSUNITE ENTERTAINMENT  : Up 3% after Reporting Licensing Pact with Money Line ..
MT
05/18FansUnite Entertainment Announces Agreement to Provide Its Proprietary Bettin..
NE
05/12FansUnite Launches Brand Partnership with Cash Live Inc.
NE
05/10FANSUNITE ENTERTAINMENT  : Reports Integration of CoinsPaid; Down 1.5%
MT
05/10FansUnite Completes Integration of Cryptocurrency Payment Service Provider, C..
NE
05/05FansUnite Enages SeventySix Capital Sports Advisory for Brand Partnerships in..
NE
05/03Esports & Gaming Investor Presentations Now Available for On-Demand Viewing
AQ
05/03FansUnite Entertainment Shortlisted for Two 2021 EGR North America Awards
NE
More news
Financials
Sales 2020 1,56  1,28  1,28 
Net income 2020 -13,5 M -11,0 M -11,0 M
Net cash 2020 3,82 M 3,13 M 3,13 M
P/E ratio 2020 -7,70x
Yield 2020 -
Capitalization 179 M 147 M 147 M
EV / Sales 2019 -
EV / Sales 2020 107 490 198x
Nbr of Employees 29
Free-Float 93,5%
Chart FANSUNITE ENTERTAINMENT INC.
Duration : Period :
FansUnite Entertainment Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 0,95 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest 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
Sector and Competitors
1st jan.Capitalization (M$)
FANSUNITE ENTERTAINMENT INC.-13.64%147
TENCENT HOLDINGS LIMITED6.38%735 427
NETFLIX, INC.-9.03%218 110
PROSUS N.V.-4.84%164 106
UBER TECHNOLOGIES, INC.-3.33%92 584
AIRBNB, INC.3.39%92 331