FansUnite
Entertainment Issues
Statement Following the
Passing of
Bill C-218 By
House of
Commons
-The
Senate will now conduct the reading and adoption of Bill
C-218 in order
to legalize
single event sports wagering in Canada -
VANCOUVER, British
Columbia, Canada -- April 23, 2021 -- InvestorsHub NewsWire
-- FansUnite Entertainment Inc.
(CSE:
FANS) (OTCQB:
FUNFF) ("FansUnite" or the "Company") CEO Scott Burton issued the
following statement after the House of Commons passed Bill
C-218 on April 22, 2021. Bill C-218 or also known as The
Safe and Regulated Sports Betting Act would make betting on
individual sport events legal in Canada.
"We
applaud
the Canadian House
of Commons for advancing the legislation to legalize
single event sports betting, with many members expressing
their support for Bill C-218," said Scott Burton, CEO of
FansUnite. "This is another major step
forward which will be highly
beneficial to not only companies like ours,
but
to the growth
of the
entire Canadian gambling
industry."
Bill C-218 now
moves to the Senate for reading and adoption before
moving to the
Governor-General for Royal Assent.
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 future
outlook and anticipated events such as: Bill C-218 receiving royal
assent, the effect of Bill C-128 on online gaming activities, the
ability of FansUnite to implement their Canadian 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.