Agoracom Blog

VIDEO – FansUnite $58,000,000 Acquisition “Most Significant Milestone To Date”. Brings $13M Revenues, $6M EBIDTA And Partners Such As DraftKings ++

Posted by AGORACOM-JC at 5:10 PM on Tuesday, November 23rd, 2021
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FansUnite Entertainment $FANS $FUNFF is a global sports and entertainment company, focusing on technology for online gambling. Specifically, they have 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 operates multiple B2C brands and B2B software for the online gambling industry.  More than just talk FANS has:

  • 300,000+ registered members
  • $CDN 350,000,000 in betting volume over the last 3 years
  • Gambling licenses in the highly coveted U.K. and Malta
  • A successful $25,000,000 raise earlier this year to arm the company for acquisitions.

Today they announced a $USD 58,000,000 acquisition that can best be described by CEO Scott Burton in this powerful quote: 

“The acquisition of American Affiliate represents the most significant milestone for FansUnite to date,” said Scott Burton, CEO of FansUnite Entertainment. “This transformative transaction will provide us further access to the lucrative U.S. regulated sports betting and online gambling market while generating accretive, high-margin revenue, expanding our leadership team, and accelerating the growth of our company’s footprint in the global gambling market.” 

Some of the highlights of this acquisition are as follows:

  • Revenue and EBITDA Growth: American Affiliate has produced trailing 12 months unaudited revenue and EBITDA of US$13.1 million and US$6.0 million respectively.
  • High-Value Customer Base: American Affiliate’s assets have generated over 150,000 new depositing customers for legal U.S. online betting operators.
  • Partnerships with Tier-One Sportsbooks: Partnerships with leading sportsbooks and casinos including BetMGM, DraftKings, FanDuel, PointsBet, Underdog Fantasy, WynnBet, and more.
  • Strong Alignment with Existing Management and Shareholders: Consideration shares to be issued at a 42% premium to market price with share restrictions over a three-year period
  • World-Class Executive Team: Tier-one executive and management team with a history of success and scale in the U.S. gaming market
  • Leading Intellectual Property Portfolio: Category-leading portfolio of proprietary technology.

Watch this great interview with CEO Scott Burton.

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