FansUnite
Entertainment
Applies for
U.K. Gambling Licenses
-The
licenses will enable FansUnite
to serve as
a B2C gambling operator and a B2B technology provider in the U.K.
marketplace-
VANCOUVER, British
Columbia (March 4, 2021) -- InvestorsHub NewsWire
-- 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, EGG 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.