FansUnite Announces Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2025) - FansUnite Entertainment Inc. (OTC: FUNFF) (FSE: 4UY) ("FansUnite" or the "Company") announces the departures of Scott Burton, Chief Executive Officer and director of the Company, and Ian Winter, Chief Operating Officer of the Company, effective immediately. The Company expresses its sincere appreciation for Mr. Burton and Mr. Winter's services to the Company and wishes them well in their future endeavours. As a result of Mr....
2025-03-05 1:21 PM EST
FansUnite Completes Return of Capital Distribution
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2024) - FansUnite Entertainment Inc. (OTC Pink: FUNFF) wishes to advise that payment in respect of the C$0.0725 per share return of capital (the "Distribution") was processed today. As previously announced, only shareholders of record as at the close of business on August 26, 2024 (the "Record Date") will receive their Distribution payment. Shareholders do not need to take any action with respect to the Distribution. Payment will...
2024-08-29 4:32 PM EDT
FansUnite to Complete TSX Delisting
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") announces that, further to its news releases dated August 15, 2024, its common shares will be delisted from the Toronto Stock Exchange ("TSX"), effective as of the close of market August 21, 2024. The Company will apply to withdraw the quotation of its common shares from the OTCQB as soon as possible after the delisting. The record date to...
2024-08-21 10:43 AM EDT
FansUnite Completes Sale of Betting Hero to Hero Group Corp., Declares Distribution and Sets Date for TSX Delisting
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to announce that, further to its news release dated June 27, 2024, FansUnite completed the sale of all of the issued and outstanding shares of FansUnite US Inc. ("FansUS"), a wholly-owned subsidiary of FansUnite that carries on its Betting Hero business, to Hero Group Corp. (the "Purchaser") for an aggregate purchase price of...
2024-08-15 9:29 AM EDT
FansUnite's Shareholders Approve Sale Transaction, Distribution and Voluntary Delisting
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to announce that, further to its new release dated June 27, 2024 in respect of the proposed sale (the "Sale Transaction") of all of the issued and outstanding shares of FansUnite US Inc. ("FansUS") to Hero Group Corp. (the "Purchaser"), the Company's shareholders have approved the special resolution required for completion of the...
2024-08-13 5:22 PM EDT
Independent Proxy Advisory Firm ISS Recommends FansUnite Shareholders Vote FOR Sale Transaction Resolution and All Other Resolutions at Upcoming Special Meeting
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to announce that leading independent proxy firm, Institutional Shareholder Services Inc. ("ISS"), has recommended that FansUnite shareholders ("Shareholders") vote FOR resolutions approving the previously announced transaction of all of the issued and outstanding shares of FansUnite US Inc. ("FansUS") to Hero Group Corp. (the...
2024-08-07 8:00 AM EDT
FansUnite Announces Filing of Information Circular for Special Meeting
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" o
2024-07-11 8:15 AM EDT
FansUnite Announces Results of Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to announce the voting results of its annual general meeting of shareholders (the "Meeting") held on June 28, 2024. The total number of shares represented in person or by proxy at the Meeting was 87,277,448, representing 24.27% of the total issued and outstanding shares in the capital of the Company.Set Number of DirectorsThe number...
2024-07-09 5:38 PM EDT
FansUnite Enters into Definitive Agreement to Sell Its Betting Hero Business to the Betting Hero Co-Founders and GeoComply
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") announced today that, together with FansUnite US Inc. ("FansUS"), a wholly-owned subsidiary of the Company that carries on its Betting Hero business, it has entered into a definitive agreement (the "Stock Purchase Agreement") with GeoComply Solutions Inc. ("GeoComply") and Hero Group Corp. (the "Purchaser"), pursuant to which the Company has...
2024-06-27 7:00 AM EDT
FansUnite Reports First Quarter 2024 Financial Results
AM PST. Vancouver, British Columbia--(Newsfile Corp. - May 15, 2024) -...
2024-05-15 5:30 PM EDT
FansUnite to Report First Quarter Fiscal 2024 Financial Results and Host Earnings Call
Total revenue for the three months ended March 31, 2024, was in the range of $8.2 million to $8.5 million, a 12% to 16% increase as compared to the same period in the prior year.Gross margin in the range of 62% to 64% for the three months ended March 31, 2024 as compared to 64% for the same period in 2023.Total adjusted EBITDA in the range of $1.5 million to $1.8 million for the three months ended March 31, 2024,...
2024-05-10 8:00 AM EDT
FansUnite Reports Fourth Quarter and Full Year 2023 Financial Results
AM PST Vancouver, British Columbia--(Newsfile Corp. - April 1, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company"), a global online...
2024-04-01 7:12 PM EDT
FansUnite to Report Fiscal 2023 Financial Results and Host Investor Webinar
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company"), a global online gaming and affiliate business leader, is pleased to announce that it will file its audited consolidated financial statements and associated management's discussion and analysis ("MD&A") for the year ended December 31, 2023 on Monday, April 1st, 2024. The management team of FansUnite will host an investor webinar to discuss the...
2024-03-20 8:00 AM EDT
FansUnite Announces Preliminary Unaudited Fiscal 2023 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2024) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company"), a global online gaming and affiliate business leader, is pleased to report preliminary unaudited revenue and gross margin results for the fiscal year ended December 31, 2023 ("Fiscal 2023"). All amounts are stated in Canadian dollars unless otherwise indicated.Preliminary Unaudited Fourth Quarter and Fiscal 2023 Financial Highlights: Total...
2024-03-14 8:00 AM EDT
FansUnite CEO Provides Year End Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2023) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to share the following corporate update from its CEO, Scott Burton.As we approach the close of the fiscal year, I want to provide a comprehensive update on the performance and trajectory of FansUnite. Despite the widespread business and macro-economic challenges experienced by many businesses this year, FansUnite has remained...
2023-12-20 8:00 AM EST
FansUnite Reports Third Quarter 2023 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2023) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") announced that it has filed its condensed consolidated interim financial statements and associated management's discussion and analysis ("MD&A") for the three and nine month periods ended September 30, 2023. All...
2023-11-14 6:35 PM EST
FansUnite to Report Third Quarter Fiscal 2023 Financial Results and Host Earnings Call
Total revenue from continuing operations in the range of $4.5 million to $4.8 million for the three months ended September 30, 2023, a 5% to 12% increase as compared to the same period in the prior year.Gross margin from continuing operations in the range of 56% to 59% for the three months ended September 30, 2023 as compared to 50% for the same period in 2022.Total adjusted EBITDA in the range of $(0.1) million to $0.2 million for the three...
2023-10-31 7:30 AM EDT
FansUnite Announces Migration of DragonBet and Departure of Chief Technology Officer
Q4 2023Continuing with the strategic plan to improve financial efficiency by focusing on the more profitable Affiliate segment which produces substantial revenues and contributes strong gross margins.Vancouver, British Columbia--(Newsfile Corp. - August 24, 2023) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") announced that it has reached an agreement with DragonBet, a Welsh-based UK...
2023-08-24 8:00 AM EDT
FansUnite Reports Second Quarter 2023 Financial Results
Total revenue of $5.3 million in Q2 Fiscal 2023, an increase of 14% over Q2 Fiscal 2022Gross margin of $3.3 million (62%) in Q2 Fiscal 2023, an increase of 70% as compared to $2.0 million (41%) in Q2 Fiscal 2022EBITDA of $4.3 million in Q2 Fiscal 2023, an increase of $15.3 million as compared to ($11.1) million in Q2 Fiscal 2022Unrestricted cash increased to $3.5 million as of June 30, 2023, as compared to $2.9 million as of December 31,...
2023-08-14 6:17 PM EDT
FansUnite to Report Second Quarter Fiscal 2023 Financial Results and Host Earnings Call
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2023) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased to announce that it will file its condensed consolidated interim financial statements and associated management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2023, on Monday, August 14, 2023. In addition, the management team of FansUnite will host an earnings call to discuss the Company's second...
2023-08-09 8:00 AM EDT