FansUnite Entertainment Inc.

Recent News

  • FansUnite Reports Third Quarter Fiscal 2022 Financial Results

    Total revenue of $4.95 million in Q3 Fiscal 2022, an increase of 753% over Q3 Fiscal 2021Total revenue for the nine months ended September 30, 2022 was $20.08 million, which is an all-time high for any nine-month period in FansUnite's historyGross margin of $2.40 million (48%) in Q3 Fiscal 2022 as compared to $0.08 million (14%) in Q3 Fiscal 2021Net income of $23.41 million, which includes a $51.76 million gain on revaluation of contingent consideration less non-cash expenses and impairment...

    2022-11-15 7:00 AM EST
  • FansUnite Announces Customer Acquisition Partnership with Thimba Media Limited

    Vancouver, British Columbia--(Newsfile Corp. - November 2, 2022) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased to announce that the Company has entered into a partnership with Thimba Media Limited ("Thimba Media"), a leading acquisition marketing and business process services provider for iGaming. Thimba Media has offices in Ireland, United Kingdom, South Africa, Serbia, Malta and the Netherlands and delivers over 15,000 new depositing customers monthly to key partners worldwide. According to terms of...

    2022-11-02 8:00 AM EDT
  • FansUnite Announces Addition of Gaming Expert Quinton Singleton to Board of Directors as Part of North American Expansion Strategy

    Vancouver, British Columbia--(Newsfile Corp. - October 6, 2022) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased to announce the addition of Quinton Singleton to its Board of Directors, effective October 6, 2022.Mr. Singleton has worked in the gaming industry for over 15 years across tribal and commercial land-based and digital or mobile operators and suppliers for traditional sports, racing, fantasy sports, casino, social, skill, slot and table games. Prior to joining FansUnite, he was...

    2022-10-06 8:00 AM EDT
  • FansUnite Obtains GLI-33 Certification to Pursue U.S. Expansion Strategy

    Vancouver, British Columbia--(Newsfile Corp. - October 5, 2022) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased announce it has obtained GLI-33 Event Wagering Systems certification (the "Certification") from Gaming Laboratories International (GLI ®) for its Chameleon Platform as a Service sportsbook solution (the "Product").GLI is an internationally recognized independent testing laboratory that provides compliance testing, auditing, regulatory advisory and certification services for all forms of regulated gaming, including iGaming and sports betting. They are...

    2022-10-05 8:00 AM EDT
  • FansUnite Provides Corporate Update and Investor Webinar Date

    New business deals finalized in U.S. marketsExpansion in the UK through new partnerships with local sportsbooksEarn-out obligations restructured to minimize shareholder dilution and reduce cash expensesStrong balance sheet: $8.8M in working capital and $160.6M in total assets as of June 30, 2022On an annualized basis, over $2.5M in operating costs have been eliminated without disrupting any current revenue streamsCompany to host an investor webinar on Tuesday, October 4th, 2022 at 1:00 PM EST/10:00 AM PSTVancouver, British Columbia--(Newsfile Corp. - October...

    2022-10-03 7:00 AM EDT
  • FansUnite Secures Senior Debt to Restructure Earn-Out Obligations

    Vancouver, British Columbia--(Newsfile Corp. - September 19, 2022) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased to announce that it has entered into a definitive agreement with Centurion Financial Trust, an investment trust formed by Centurion Asset Management Inc., one of Canada's leading asset management companies specializing in real estate and other alternative asset classes, in respect of a senior term loan up to C$12,350,000. The purposes of the loan are for restructuring of...

    2022-09-19 7:00 AM EDT
  • FansUnite Reports Second Quarter Fiscal 2022 Financial Results

    Total revenue of $5.46 million in Q2 Fiscal 2022, an increase of 461% over Q2 Fiscal 2021Total revenue for the six months ended June 30, 2022 was $15.13 millionCompany signed licensing deal with Welsh bookmaker Dragon Bet to launch new sports betting portal, powered by FansUnite's Chameleon platformVancouver, British Columbia--(Newsfile Corp. - August 29, 2022) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") announced that it has filed its consolidated interim financial statements and associated management's...

    2022-08-29 7:01 PM EDT
  • FansUnite's Betting Hero Expands Presence In Pennsylvania Through Agreement with Bankroll

    Vancouver, British Columbia--(Newsfile Corp. - August 3, 2022) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased to announce that its U.S.-based brand Betting Hero, the leading live activation and customer experience company in the sports betting industry, has entered into an agreement with Bankroll, a new luxury sports bar experience coming this fall to Philadelphia, Pennsylvania. As part of the strategic partnership, Betting Hero will help build out Bankroll's sports betting-focused concierge team, focusing...

    2022-08-03 8:30 AM EDT