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FansUnite: Redefining the iGaming Landscape

Posted by Alavaro Coronel at 2:02 PM on Thursday, November 16th, 2023

In the dynamic world of iGaming, where innovation and adaptability are key, FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) is emerging as a formidable player with a vision to reshape the industry. Whether you’re a seasoned investor or just dipping your toes into the world of stocks, here’s why FansUnite should be on your radar.

Streamlining Operations for Enhanced Efficiency

One of FansUnite’s strategic moves to boost its financial efficiency was the migration of DragonBet, a UK sportsbook, from the Chameleon Gaming platform. This migration marks a significant shift away from business-to-business (B2B) platform licensing for FansUnite.

By completing this transition, the company anticipates annualized cost savings of approximately $7.1 million, a testament to its commitment to financial prudence. These savings encompass reductions in salaries and selling, general, and administrative costs, which will translate into positive cash flow by Q4 2023. With this strategic pivot, FansUnite is poised to capitalize on the lucrative affiliate segment, a consistent revenue generator, contributing $23.0 million out of $27.3 million in revenue during Fiscal 2022.

A Farewell and a Welcome

As part of its strategic realignment, FansUnite bid farewell to Jeremy Hutchings, the Chief Technology Officer, who played a pivotal role in the company’s early days. His decision to step down on September 30, 2023, aligns with the company’s focus on the more profitable affiliate segment. Jeremy will continue to support FansUnite as a consultant, offering insights into the monetization of the Chameleon Gaming Platform’s source code.

FansUnite’s financial results for the second quarter of 2023 are a testament to its upward trajectory. The company reported total revenue of $5.3 million, reflecting a 14% increase over the same period in Fiscal 2022. Notably, gross margins soared to $3.3 million (62%), marking a 70% increase compared to Q2 Fiscal 2022.

A significant milestone was the EBITDA of $4.3 million, a remarkable turnaround from the previous year’s loss of ($11.1) million during the same quarter. Unrestricted cash also saw an uptick, reaching $3.5 million as of June 30, 2023, compared to $2.9 million at the end of 2022.

Strategic Direction: Scaling the Profitable Affiliate Segment

FansUnite’s strategic shift is centered on amplifying its affiliate segment’s profitability. Betting Hero, a key asset in this segment, has consistently produced substantial revenue and boasts high gross margins. The company aims to further capitalize on Betting Hero’s success by expanding its revenue streams, including Betting Hero Hotline and Betting Hero Research.

Additionally, FansUnite plans to explore new North American markets once legislation is in place to regulate sports betting and iGaming. These strategic moves are set to propel the company into higher realms of profitability while maintaining a firm focus on operational and financial efficiency.

FansUnite’s journey in the iGaming universe is marked by resilience, adaptability, and an unrelenting commitment to excellence. With strategic realignment, solid financial growth, and a relentless focus on the profitable affiliate segment, FansUnite is well-positioned to revolutionize the iGaming landscape.

So, whether you’re a seasoned investor or a newcomer, consider joining the FansUnite revolution

YOUR NEXT STEPS

Visit $FANS HUB On AGORACOM: https://agoracom.com/ir/FansUniteEntertainment

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Visit $FANS Official Verified Discussion Forum On AGORACOM:

https://www.youtube.com/watch?v=r8Gn9bOSZGo&list=PLfL457LW0vdKHbqPgzVHX324FdcVNjfBF

Watch $FANS Videos On AGORACOM YouTube Channel:

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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.

VIDEO – FansUnite $FANS $FUNFF CEO Talks High-Profile Brand Partnerships, Crypto Integration, Bill C-218, & More $SCR.ca $BRAG.ca $GMBL

Posted by AGORACOM at 5:56 PM on Thursday, May 13th, 2021
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“Small Cap iGaming Super Company” FansUnite Entertainment $FANS $FUNFF has had a slew of new press releases recently as they continue to make moves within the global online gambling and esports markets. 

We sat down with Scott Burton, CEO of FansUnite Entertainment, to discuss the new brand partnership with CashLive for live-stream poker, integrating w B2B cryptocurrency platform Coinspace, Bill C-218, strategy/timeline for their UK Gambling License, and more. Check out the interview now.

VIDEO – FansUnite $FANS $FUNFF Breaks Down Explosive B2C Growth, Q1 Betting Volume on Mcbookie Surpasses $28M CAD In Q1 $SCR.ca $BRAG.ca $GMBL

Posted by AGORACOM-JC at 7:31 PM on Sunday, April 18th, 2021
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“Small Cap iGaming Super Company” FansUnite Entertainment $FANS $FUNFF recently provided a corporate update that turned heads. The first quarter of 2021 saw a record $28.3M in betting volume and a 136% increase in revenue for McBookie compared to the same period in 2020 as well as other key developments.

We sat down with Scott Burton, CEO of FansUnite Entertainment, to talk about the rapid growth of B2C betting platform McBookie, entering the UK market, sports betting legalization in Canada, and more. Check out the interview down below.

FansUnite $FANS $FUNFF Provides Corporate Update $SCR.ca $BRAG.ca $GMBL

Posted by AGORACOM at 1:26 PM on Wednesday, April 14th, 2021
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  • McBookie’s gross gaming revenue was $982K CAD, a record for any quarter since inception and an increase of 136% as compared to the first quarter of 2020;
  • Gross margins increased by approximately 138% as compared to the first quarter of 2020; and
  • Total betting volume on the platform surpassed $28M CAD for the quarter

The first quarter of 2021 saw a record $28.3M in betting volume and a 136% increase in revenue for McBookie compared to the same period in 2020 as well as other key developments

Vancouver, British Columbia–(Newsfile Corp. – April 14, 2021) – FansUnite Entertainment Inc. (CSE: FANS) (OTCQB: FUNFF) (“FansUnite” or the “Company”) is pleased to provide the following corporate update for the first quarter of 2021.

McBookie’s Exceptional Growth

Betting volume on the sportsbook and casino for McBookie Ltd. (“McBookie”) increased significantly, setting new records.

  • McBookie’s gross gaming revenue was $982K CAD, a record for any quarter since inception and an increase of 136% as compared to the first quarter of 2020;
  • Gross margins increased by approximately 138% as compared to the first quarter of 2020; and
  • Total betting volume on the platform surpassed $28M CAD for the quarter

At its peak betting volume during the first quarter of 2021, McBookie had over 1,000 unique customers on the casino alone, as well as 23,000 bets placed in a single week on the sportsbook – the highest number of wagers in a week since its inception in 2009.

Other Key Developments

U.K. Gambling Licenses Application

FansUnite has applied for critical U.K. Gambling Licenses which are recognized as the gold standard for lawful sports betting and casino operations by gambling authorities worldwide. The U.K. Gambling Licenses would enable FansUnite to deploy its B2B Gaming solutions to betting operators and launch B2C wagering platforms in the leading U.K. online gambling market. The application is expected to be approved in the second quarter of 2021, subject to FansUnite meeting all applicable requirements.

Esports Sportsbook in the U.S.

The previously announced Esports sportsbook with Sky Ute Casino has undergone its private beta testing phase and is ready to be launched upon receiving final regulatory approval. The wagering system of the sportsbook has demonstrated the ability to meet all local requirements including remote server installation of FansUnite’s betting engine and player database, geofencing, player KYC and the successful integration of Sightline payments.

Askott Games Integration with The Ear Platform

Askott Games, a wholly-owned subsidiary of FansUnite has completed testing on its first four RNG games and delivered them to The Ear for integration. The Company is in The Ear development queue and will announce when the integration is complete and the first games go live. Now that 4 games have been completed, FansUnite is actively working on additional aggregator partnerships and is in development of their 5th RNG game.

“The first quarter of 2021 represents a key inflection point for us as we continue to hit new milestones,” said Scott Burton, CEO of FansUnite. “We are delighted to announce McBookie’s strong performance as well as the rapid expansion of our B2B operations in the North American and European market. Obtaining the U.K. gambling licenses, coupled with the completion of our esports wagering platform in Colorado and the full integration of Askott Games’ iGaming solutions will allow us to solidify our position as a leading global online betting company.”

To read more, click here.

AGORACOM Small Cap 60: FansUnite $FANS $FUNFF On Plans To Monetize Game Changing Partnership with TGS Esports $TGS.ca $DKNG $PENN $GAN $ESPO $AESE $EGLX.ca $BRAG.ca $FDM.ca

Posted by AGORACOM-JC at 9:51 AM on Friday, March 26th, 2021
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AGORACOM Small Cap 60: FansUnite $FANS $FUNFF / $TGS Esports Strategic Partnership Is A Potential Game Changer $DKNG $PENN $GAN $ESPO $AESE $EGLX.ca $BRAG.ca $FDM.ca

Posted by AGORACOM-JC at 12:21 PM on Wednesday, March 24th, 2021

VIDEO – #Esports Partnership – FansUnite $FANS $FUNFF and TGS Esports $TGS.ca Launching Prediction Games For Major Live Esports Events $DKNG $PENN $GAN $ESPO $AESE $EGLX.ca $BRAG.ca $FDM.ca

Posted by AGORACOM-JC at 6:10 PM on Monday, March 22nd, 2021

What do you get when you combine the “Small Cap iGaming Super Company”  with the “Small Cap Esports Tournament & Broadcasting Leader”

A partnership that will launch the first ever prediction games for major live esports events.

TGS Esports (TGS:TSXV) partners with major brands to build and grow their esports communities via tournaments, broadcast production and events. 

FansUnite (FANS:CSE / FUNFF:OTCQB) will incorporate its wagering solutions into TGS events to establish a new platform where live audience predictions can be placed on multiple match outcomes within every white-label esports event run by TGS.

WHAT DOES THAT MEAN?

Viewers can make live predictions during TGS events for which they can win prizes if their selections are correct. Additionally, the prediction games from the platform will be featured on TGS’ Pepper esports platform which will enable all tournament organizers to offer predictions and rivalry challenges in their tournaments to their viewers.  If you thought TGS was the small cap esports tournament leader before, their offering just got supercharged! 

“Live predictions is a feature our brand partners have been asking us to implement for a long time,” said Spiro Khouri, CEO of TGS Esports Inc. “By implementing FansUnite’s technology into our esports events, TGS is able to increase the level of engagement between its fans and brands” 

For FansUnite, the partnership will enable them to showcase their prediction platform to a large audience of gaming spectators who participate regularly in TGS tournaments and other related esports events.  Moreover, it will showcase FansUnite’s ability to incorporate their proprietary stream prediction platform into any esports event or tournament, whether online or live in-stadium.

Scott Burton, CEO of FansUnite stated “TGS collaborates with numerous esports event organizers who have a large following of enthusiastic esports gamers that participate in their events. Our online betting solutions coupled with TGS esports platform will enable us to attract a new and widening audience from these events.

This is a great partnership made even better by the fact that we proudly represent both of these leaders! 

Learn more about how great of a partnership it is in our interview with Scott Burton (FANS) and Spiro Khouri (TGS).

$FANS.ca $FUNFF Announces Strategic Technology Partnership With $TGS.ca For Major Live Esports Events $DKNG $PENN $GAN $ESPO $AESE $EGLX.ca $BRAG.ca $FDM.ca $SCR.ca $BRAG.ca $TNA.ca $FDM.ca $JJ.ca

Posted by AGORACOM at 9:46 AM on Wednesday, March 17th, 2021

  • The partnership will launch prediction games for major live esports events
  • “The partnership with TGS Esports brings forth a new platform that will enable us to capture new opportunities within the fast-growing esports market,” said Scott Burton, CEO of FansUnite.

VANCOUVER, BC, March 17, 2021 /CNW/ – TGS Esports Inc. (“TGS” or the “Company”) (TSXV: TGS) (FRA: 5RH)) is pleased to announce that it has entered into a strategic partnership with FansUnite Entertainment Inc. (CSE: FANS) (OTCQB: FUNFF) (“FansUnite”), to launch live esports tournaments prediction games.

TGS livestream demo showcasing FansUnite’s stream prediction platform

TGS All New Prediction Game (CNW Group/TGS Esports Inc)

TGS partners with organizations and brands to build and grow their esports communities via tournaments, broadcast production and events. Through the partnership, FansUnite will incorporate its technology solutions into TGS events to establish a new prediction platform where live audience predictions can be placed on multiple outcomes within every white-label esports event run by TGS. Viewers can make live predictions during TGS events for which they can win prizes if their selections are correct. 

Esports revenue in 2020 was over $1 billion[1], excluding revenues from betting. TGS has built white-label esports experiences for over 15 brands, interacting with over 200,000 gamers and by offering prediction games, TGS is able to increase the level of engagement between fans and brands.

Additionally, the prediction games from the platform will be featured on TGS’ Pepper Esports platform which will enable all tournament organizers to offer predictions and rivalry challenges in their tournaments to their viewers.

“Live predictions is a feature our brand partners have been asking us to implement for a long time.” said Spiro Khouri, CEO of TGS Esports Inc. “By implementing FansUnite’s technology into our esports events TGS is able to increase the level of engagement between fans and brands.”

“The partnership with TGS Esports brings forth a new platform that will enable us to capture new opportunities within the fast-growing esports market,” said Scott Burton, CEO of FansUnite. “TGS collaborates with numerous esports event organizers who have a large following of enthusiastic esports gamers who like to participate in their events. Our online betting solutions coupled with TGS esports platform will enable us to attract a new and widening audience from these events.”

For more information, click here.

AGORACOM Small Cap 60: @fansunite $FANS $FUNFF Well Positioned to Capitalize on Single Event Betting, Pending Approval In Canada $SCR.ca $BRAG.ca $GMBL

Posted by AGORACOM-JC at 12:49 PM on Monday, March 15th, 2021
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