FansUnite Entertainment Announces Agreement to Provide Its
Proprietary Betting Software to Money Line Sports for Its New Live
Streaming and Interactive Sports Platform in Regulated
Jurisdictions
-The
agreement will form a new online wagering portal that will
incorporate live streaming and accept cryptocurrency
payments-
VANCOUVER,
British Columbia (May 18, 2021) -- InvestorsHub NewsWire
-- FansUnite Entertainment Inc. (CSE: FANS) (OTCQB:
FUNFF) ("FansUnite" or the "Company") today
announced that the Company has entered a licensing agreement with
Money Line Sports Inc. ("Money Line") to launch the
online sports betting portal,
www.MoneyLineSports.tv before the
upcoming professional football season.
Founded in 2019
and launching in 2021, Money Line Sports, is an Ontario-based
company that is uniquely positioned within the European markets to
provide premium streaming sports content and wagering technology.
Under the agreement, Money Line will be an approved white-label
partner and operator of FansUnite's proprietary licensed online
gambling solutions. FansUnite will integrate the Money Line
proprietary streaming media OTT platform and content into the
Company's sportsbook and casino offerings within legal
jurisdictions. By utilizing FansUnite's gaming applications, Money
Line's media platform will provide an enhanced experience for its
users through original live streaming content, premium insights,
live odds feeds and proprietary betting tools and data for sports
betting.
The Money Line
platform will implement a diverse revenue model to include a
subscription-based pay-for-view framework for premium sports
content, a syndicated television show, a rapidly-growing affiliate
marketing business focused on customer acquisition for sports
betting in Europe and additional jurisdictions. Cryptocurrencies
will be accepted on FansUnite's wagering system as a payment option
alongside fiat, providing loyalty and rewards for conversion from
PayPal and fiat currency on the Money Line Network.
"The new digital
betting portal will showcase FansUnite's advanced gaming
applications that will be equipped with Money Line's top-tier
streaming media solutions and robust sports content, resulting in a
synergy that can capitalize on the betting interests of football
fans and bettors," said Scott Burton,
CEO of FansUnite. "Given the rising popularity of online sports
betting, we are pleased to be working with the Money Line team on
creating the ultimate betting experience for sports enthusiasts
through the new joint wagering platform."
"We are
extremely excited to partner with FansUnite and benefit from their
proprietary, best-in-class gaming technology platform, digital
customer acquisition expertise, and approved operating gaming
licenses in multiple jurisdictions," stated B. Michael Friedman,
Founder of Money Line Sports Inc. "Together, we expect to create a
one-of-a-kind wagering platform that we expect will raise the bar
for the international sports betting market through a truly
interactive and engaging sports betting experience. This move will
quickly solidify Money Line's unique value proposition within the
gaming sector providing subscription based live streaming
sports, wagering in
legal jurisdictions and the use of our licensed Blockchain digital
currency, "Bettor COIN" and the rewards coin "BOOKIE" ($BOOK) to
improve KYC, AML and reduce credit card chargebacks as a soon to be
publicly traded company,"
added Friedman.
The licensing
agreement will significantly increase the speed to market for the
multi-functional gaming platform for both parties and create a
first-mover advantage for streaming sports content, interactive
odds, and sports betting with virtual currency
acceptance.
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, 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. The company also provides technological
solutions and services in the global gaming and entertainment
industries. Its technology includes fixed/parimutuel odds,
in-stream betting, live betting, casino-style games, cryptocurrency
wallet and news content.
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
About Money Line Sports Inc.
Founded in 2019, and launching in 2021, Money Line Sports is
uniquely positioned within the online gaming sector through its
unique licensed platform to provide premium streaming sports
content and wagering for sports bettors within legal jurisdictions.
Money Line's sports media platform provides an enhanced experience
for its users through original sports live stream content, premium
insights, live odds and proprietary betting tools and data. Money
Line's diverse revenue model includes a subscription-based
pay for view model and
a
rapidly-growing affiliate marketing business focused on customer
acquisition for betting operators in Europe and additional
jurisdictions as well as sports and casinos.
Contact:
Money Line
Sports
info@moneylinesports.tv
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 licensing agreement with Money Line,
including the anticipated benefits therefrom; the creation and
timing of the anticipated online sports betting portal, the
characteristics of the Money Line platform; the competitive
advantage of the relationship with Money Line; the user experience
regarding the Money Line 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.
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