FansUnite Granted License to
Become Fully Registered Gaming Related Supplier in
Ontario
Vancouver, British Columbia -- InvestorsHub NewsWire --
(March 9, 2022) - FansUnite Entertainment Inc. (CSE: FANS) (OTCQX: FUNFF) ("FansUnite'' or the "Company"), is
pleased to announce that the Company has received a Gaming Related
Supplier - Manufacturer license from the Alcohol and Gaming
Commission of Ontario ("AGCO"), allowing FansUnite to become a
fully registered supplier of sports betting and internet gaming in
Ontario, effective April 4, 2022.
The Company will be able to provide leading betting solutions
to AGCO-approved operators in Ontario's new online
gaming market, which will be launched by iGaming
Ontario, a subsidiary of AGCO, on April 4, 2022.
"We are pleased to receive approval from the AGCO to operate
as a sports betting and iGaming solutions supplier within Ontario,"
said Scott Burton, CEO of FansUnite. "As we scale our operations,
we are focused on both the domestic and international markets. The
gaming related supplier license will enable us to gain an
early-mover advantage within the Canadian online gambling industry
as a betting solutions provider for new sportsbooks and online
casinos looking to enter the market. We look forward to continuing
to work with iGaming Ontario in delivering cutting-edge betting
solutions in compliance with AGCO regulations."
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
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 INFORMATION:
This news release contains certain statements that may
constitute forward-looking information under
applicable securities laws. All statements, other than those
of historical fact, which address activities, events,
outcomes, results, developments, performance or achievements that
FansUnite anticipates or expects may or will occur in
the future (in whole or in part) should be considered
forward-looking information. Often, but not always, forward-looking
information can be identified by the use of words such
as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such
words and phrases, or statements formed in the future
tense or indicating that certain actions, events or results "may",
"could", "would", "might" or "will" (or other
variations of the forgoing) be taken, occur, be achieved, or come
to pass. Forward-looking statements may include,
without limitation, statements relating to the success
of receiving a license from the AGCO; the FansUnite platform and
ability to partner with a licensed operator in Ontario; 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 in this news
release include, but are not limited to, discussion of future plans
and ability to increase the Company's reach to different regulated
betting markets across Canada and the United States.
Forward-looking information are based on assumptions and
analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments,
including, but not limited to, expectations and assumptions
concerning: interest and foreign exchange rates;
capital efficiencies, cost saving and synergies; growth and growth
rates; the success in the online gambling and sports
betting industry; the regulatory environment applicable to online
gambling and sports betting; the technological
infrastructure and support needed to host the Company's online
gambling and sports betting platforms and
applications; any cryptocurrency applications to the Company's
business; and the Company's growth plan. While
FansUnite considers these assumptions to be reasonable,
based on information currently available, they may
prove to be incorrect. Readers are cautioned not to place
undue reliance on forward-looking information. In addition,
forward-looking information necessarily involve known
and unknown risks, including, without limitation, risks associated
with general economic conditions; risks associated
with the regulatory environments in the jurisdictions the Company
operates in; technology-related risks that could
adversely effect the Company's ability to operate its online
gambling and sports betting platforms and
applications, risks related to the novel coronavirus (COVID-19)
global pandemic and any effects it might have on the
Company's business thereto. Readers are cautioned that
the foregoing list is not exhaustive. For more information on
the risk, uncertainties and assumptions that could
cause anticipated opportunities and actual results to differ
materially, please refer to the public filings of
FansUnite which are available on SEDAR at www.sedar.com. Readers
are further cautioned not to place undue reliance on
forward-looking information as there can be no assurance that the
plans, intentions or expectations upon which they are
placed will occur. Such information, although considered
reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ
materially from those anticipated. Forward-looking information
contained in this news release are expressly qualified
by this cautionary statement and reflect our expectations as of the
date hereof, and thus are subject to change
thereafter. FansUnite disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise,
except as required by applicable law.