FansUnite
Entertainment Betting Platform Achieves Record
Month
-UK Sportsbook
McBookie ends a record October 2020 with a 433% increase in revenue
and 713% increase in gross margin compared to October
2019-
Vancouver, British
Columbia, Dundee, Scotland, November 5th, 2020 -- InvestorsHub
NewsWire -- FansUnite Entertainment Inc. (CSE: FANS)
(OTC:
FUNFF) (“FansUnite” or the “Company”), a technology company
providing leading online gaming solutions, is pleased to announce
that its wholly owned subsidiary McBookie Ltd (“McBookie”) closed
out October with the highest increase in monthly revenue and gross
margin in the company’s 10-year history.
The UK Sportsbook set
company records with triple-digit growth in multiple areas, led by
a 433% increase in overall revenue compared to October 2019 and a
total Gross win of $602K CAD during the month. Much of the growth
was attributed to the unveiling of McBookie’s live casino games and
increased activity in sports betting which
resulted in $7.3M in total betting volume being placed during the
month.
Casino
Segment
McBookie’s new Live
Casino product, encompassing multiple tables and variations of
blackjack, roulette and baccarat, all with live real dealers,
garnered substantial interest from online bettors.
During the
month:
-
Betting volume
(“Turnover”) was $5.1M CAD, an increase of 460% as compared to
October 2019.
-
Gross Win was $197K CAD
an increase of 679% as compared to October 2019.
Sports
Segment
McBookie added new
features, including ‘bet builder’, which enables online bettors to
fully customize and build their bets across any number of markets,
and instantly receive a price on their desired wager. The
user-friendly feature combined with a full slate of English soccer
fixtures and the Scottish National Soccer Team’s presence in the
prestigious UEFA European Championship qualifiers, helped propel
the company to new financial heights.
During the
month:
-
Betting volume
(“Turnover”) was $2.2M CAD, an increase of 188% as compared to
October 2019.
-
Gross Win was $405K CAD,
an increase of 363% as compared to October 2019.
“Despite the global
pandemic, McBookie had a record-breaking month of growth in October
and demonstrated how seasoned operators can not only pivot their
business during challenging times but still produce results that
propel their business to new heights,” said Scott Burton, CEO of
FansUnite Entertainment. “With sports now starting to come back and
new products in their casino offering, we have full faith that
McBookie will establish themselves as the preeminent online betting
platform in Scotland and expand their footprint throughout the
highly sought after UK gambling industry.”
“We are very encouraged
with the continued growth of the McBookie platform and continue to
add new features to provide our customers with innovative solutions
that will create a unique experience for them,” said Paul Petrie,
founder and Director of McBookie. “With Serbia playing against
Scotland in the European Championship Soccer Qualifiers, the US
Masters beginning in two weeks and the Scottish Cup Final coming up
in the next few months, sports are very much back in business and
should see an increase in betting volume on our
platform.”
About
FansUnite Entertainment Inc.
FansUnite is a global
sports and entertainment company, focusing on technology related to
regulated and lawful online gaming and other related products.
FansUnite has produced a one of a kind complete iGaming platform,
Chameleon Gaming Platform, with a sports and esports focus geared
for the next generation of online bettors and casino players. The
platform includes products for pre-match betting, in-play betting,
daily fantasy, content and a certified RNG to produce casino style
chance games. The platform operates multiple B2C brands and B2B
software for the online gambling industry. FansUnite also 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.
DISCLAIMER REGARDING FINANCIAL INFORMATION: The
preliminary financial information set forth in this release has
been prepared by management based on information currently
available to the Company. Accordingly, such financial information
may be subject to change. All financial information contained in
this news release is qualified in its entirety with reference to
the Company’s audited financial statements for the financial year
ended December 31, 2020, which will be filed on SEDAR as required
by applicable laws. While the Company does not expect there to be
any material changes to the financial information presented in this
news release, to the extent that it is inconsistent with the
information contained in the Company’s audited financial statements
for the financial year ended December 31, 2020, the financial
information contained in this news release shall be deemed to be
modified or superseded by the Company’s audited financial
statements. The making of a modifying or superseding statement
shall not be deemed an admission for any purposes that the modified
or superseded statement, when made, constituted a misrepresentation
for purposes of applicable securities
laws.
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: the establishment of McBookie as a preeiminent
online betting platform; the expansion of McBookie throughout the
UK gambling industry; the effect of upcoming sporting events on
betting volume on the McBookie platform; 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.
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