FansUnite Acquisition Target, Askott Entertainment Announces Agreement To Fully Integrate over 6,000 Casino Games Onto Platform
Vancouver, British Columbia and Sliema, Malta--(Newsfile Corp. - August 6, 2020) - FansUnite Entertainment Inc. (CSE: FANS) (OTC Pink: FUNFF), ("FansUnite" or the "Company"), a technology company providing leading online gaming solutions, is pleased to announce that acquisition target Askott Entertainment Inc. ("Askott") has reached an agreement with The Ear Platform to integrate their Casino Aggregator hub onto Askott's Chameleon Gaming Platform.
The Askott Chameleon Gaming Platform was recently shortlisted for EGR Esports Provider of the Year Award. Until now, the platform served as a tool for Askott partners to launch their very own esports betting platforms. The B2B Chameleon Platform will now offer partners additional revenue streams through The Ear's Casino Aggregator hub by giving them access to over 6,000 casino games through a single integration. This will enhance Askott partners' offering and more importantly provide bettors with more entertainment options to choose from.
"As a leading provider of B2B betting solutions in the esports market, we are pleased to announce this integration with The Ear Platform which will serve as an additional revenue stream for our partners and a highly scalable channel partner for us," said Scott Burton, CEO of Askott Entertainment. "With the addition of 6,000 casino games, our partners are now in a position to provide additional betting options for their customers while providing a larger product offering to increase customer retention and the lifetime value of each unique user."
"By plugging in our aggregator hub with an esports focused betting platform we have opened up an additional channel to distribute thousands of casino games to a growing and new demographic," said Andrei Siomela, Commercial Director, The Ear Platform. "We look forward to developing this partnership with Askott and engaging their customers further with the addition of new betting options."
About Askott Entertainment Inc.
Askott is a Vancouver based software development company with a team that has been building award-winning online gambling software since 2013. Askott has produced a one of a kind complete iGaming platform, Chameleon Gaming Platform, with an esports first 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. Askott has been using the Chameleon platform for their own free-to-play internal brands as well as recently signed external real-money partners.
About FansUnite Entertainment Inc.
FansUnite is a sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. The principal business is operating the FansUnite Sportsbook and the website of its wholly-owned subsidiary, McBookie Limited, offering online gaming services to the UK market. FansUnite is also a provider of technology solutions, products and services in the gaming and entertainment industry and looks to acquire technology platforms and assets with high-growth potential in new or developing markets.
For further information, please contact:
Prit Singh Investor Relations at FansUnite
Darius Eghdami Chief Executive Officer of FansUnite
Scott Burton Chief Executive Officer of Askott
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 STATEMENTS:
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "believes," "belief," "expects," "intends," "anticipates," "potential," "should," "may," "will," "plans," "continue" or similar expressions to be uncertain and forward-looking. Forward-looking statements may include, without limitation, statements relating to future outlook and anticipated events, including, but not limited to: the satisfaction of the Escrow Release conditions, the remaining conditions precedent to the Transaction and subsequent consummation of the Transaction; that Askott and FansUnite will use the proceeds of the Private Placement as anticipated; and discussion of future plans, projections, objectives, estimates and forecasts and the timing related thereto. Forward-looking statements are based on the Company's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of FansUnite to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Additional information regarding the risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's Non-Offering Prospectus dated March 27, 2020 filed on its issuer profile on SEDAR at www.sedar.com and risks related to global pandemics, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and influence of macroeconomic developments. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The forward-looking statements in this news release are made as of the date of this release. FansUnite disclaims and does not undertake to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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