StockLogistics
2 years ago
Funff cornered the affiliate market for sports betting, and can drive customers to its own products in the future, and another opportunity exists, funff and gmetf, (both companies part of the victory square portfolio, vsqtf), should merge into one sports betting company so GMETF can benefit from funff’s recent cornering of the affiliate market for sports betting. all imo
“ FANSUNITE ACQUIRES AMERICAN AFFILIATE, ACCELERATING ENTRY INTO U.S. GAMING MARKET
November 23 2021 - 01:51PM
InvestorsHub NewsWire
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FANSUNITE ACQUIRES AMERICAN AFFILIATE, ACCELERATING ENTRY INTO U.S. GAMING MARKET
Vancouver, British Columbia, November 23, 2021 - InvestorsHub NewsWire -- FansUnite Entertainment Inc. ("FansUnite" or the "Company") (CSE: FANS) (OTCQX: FUNFF), is pleased to announce a definitive agreement dated November 22, 2021 (the "Definitive Agreement") pursuant to which the Company has acquired ("Transaction") the businesses and brands of American Affiliate LLC ("American Affiliate"). The Transaction will result in FansUnite securing a podium position in the U.S. online betting opportunity and will be the cornerstone of a larger U.S. affiliate strategy going forward.
American Affiliate Business
American Affiliate is a diverse collection of assets dedicated to generating new depositing customers for legal sportsbooks, online casinos, online poker sites, and adjacent products in the U.S. market.
American Affiliate's vision blends an exclusive focus on the U.S. opportunity with marquee brands, a powerful omni-channel approach, a deep portfolio of proprietary technology, and a uniquely proven management team.
Transaction Highlights:
Accelerates Entry into U.S. Gaming Market: American Affiliates' Betting Hero brand is the #1 live activation company in the U.S. sports betting and online gambling market.
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.
U.S. Pure Play: The only at-scale affiliate company focused primarily on the U.S. market.
True Omni-Channel: A premier at-scale omni-channel affiliate in the U.S. market, combining marquee digital brands with a best-in-class live activation arm.
Leading Intellectual Property Portfolio: Category-leading portfolio of proprietary technology.
World-Class Executive Team: Tier-one executive and management team with a history of success and scale in the U.S. gaming market.
"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."
"When we looked at how quickly the U.S market is expanding, it made clear strategic sense for us to enter the affiliate business as a way to partner with some of the largest gambling companies in the world," continued Scott Burton. "We will now own and operate an unparalleled customer acquisition portfolio, allowing us to leverage our technology, brands, and talent to immediately capture share in the U.S. sports betting and online gambling market."
Combined, the American Affiliate brands represent one of the most significant single sources of new depositing customers for legal U.S. sports betting and online gambling operators. The leadership team has over 40 years of combined experience in the regulated gambling industry, including senior roles at market leaders such as ACEP, Amelco, DraftKings, Catena Media, and GeoComply.
Brands, platforms, content, and services highlighted in the Transaction include:
Betting Hero (www.bettinghero.com)
Props (www.props.com)
BetPrep (www.betprep.com)
Wagers (www.wagers.com)
"Legal U.S. sportsbooks and online casinos are spending billions of dollars to acquire and retain customers," said American Affiliate CEO Chris Grove. "Our brands, team, and technology allow us to capture a meaningful share of that marketing spend today while producing some of the highest margins in the U.S. online betting ecosystem."
"But that success is only a starting point," Grove continued. "We anticipate unprecedented near-term growth as legal online betting continues to expand into new states and new products. Joining with FansUnite was key to our strategy of aggressively scaling our business to meet that opportunity head-on."
Investor Call
The executive teams from FansUnite and American Affiliate will be hosting a webinar to discuss the transaction on November 29, 2021 at 1:00PM EST.
Please click the link to register:
https://us02web.zoom.us/webinar/register/WN_79sLLGvjTmm9x8JuPs681w
A presentation outlining the transaction can be found:
https://www.fansunite.com/press/american-affliate-acquisition
”
Possible M&A between FansUnite and GameOn (Funff and Gmetf)?
Victory Square Ownership % :
gdog
3 years ago
heres the reason
FansUnite Entertainment Announces Upsize to Previously Announced Unit Offering Co-Led By Stifel GMP and Gravitas Securities to $21.7 Million Due to Strong Investor Demand
C.FANS | 1 hour ago
Canada NewsWire
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES /
VANCOUVER, BC , June 23, 2021 /CNW/ - FansUnite Entertainment Inc. (CSE: FANS) (" FansUnite " or the " Company "), a technology company providing leading online gaming solutions, is pleased to announce that it has entered into an agreement (the " Agreement ") with Stifel GMP and Gravitas Securities (together, the " Co-Lead Agents ") pursuant to which the Company and the Co-Lead Agents have agreed to increase the size of the previously announced offering of units of the Company (" Units ") at an offering price of $0.90 per Unit from up to $10 million to up to $21 .7 million (the " Offering "). If the Agents' Option (as defined below) is exercised in full, the aggregate gross proceeds of the Offering will be up to approximately $25 million .
Each Unit will consist of one common share of the Company (a " Unit Share ") and one-half of a common share purchase warrant (each whole common share purchase warrant, a " Warrant "). Each Warrant will entitle the holder to purchase one common share of the Company (a " Warrant Share ") at a price of $1.30 per Warrant Share for a period of 36 months following the closing of the Offering.
The Offering is being conducted on a commercially reasonable efforts basis by the Co-Lead Agents in the provinces of British Columbia , Alberta , Saskatchewan , Manitoba and Ontario (the " Offering Jurisdictions ").
Pursuant to the Agreement, the Company has granted to the Co-Lead Agents an option to increase the size of the Offering by up to 15%, exercisable in whole or in part at any time for a period of 30 days after and including the closing date of the Offering (the " Agents' Option ").
The use of proceeds from the Offering is set out in the amended and restated preliminary short form prospectus (the " Amended and Restated Prospectus ") and includes:
developing additional innovative games under the Askott Games brand;
certifying the Chameleon Software Platform for use in the United Kingdom , as well as expanding the Company's footprint in the United States ;
launching and marketing of a new business-to-consumer brand; and
entering into new partnerships and increasing brand awareness?.
The Company will file the Amended and Restated Prospectus today in the Offering Jurisdictions and trading in the common shares of the Company is expected to resume on the Canadian Securities Exchange (the " CSE ") once a receipt has been issued by the British Columbia Securities Commission. The Company has applied to list the Unit Shares and the Warrant Shares on the CSE and will apply to list the additional Unit Shares and the Warrant Shares to be issued under the Amended and Restated Prospectus. There is no established trading market for the Warrants and the Company does not expect a market to develop. A copy of the Amended and Restated Prospectus is available under the Company's profile at www.sedar.com or by request to Stifel GMP at syndprospectus@stifel.com or to Gravitas Securities. at syndication@gravitassecurities.com . The Offering is subject to certain customary conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE and the issuance of a receipt for the Company's final prospectus by each of the securities commissions of the Offering Jurisdictions.
The securities being offered have not been, nor will they be, registered under the United States Securities ?Act of 1933, as amended (the " U.S. Securities Act "), or applicable state securities laws, and may not be ?offered or sold to, or for the account or benefit of, a person in the United States or a "U.S. person" (as ?such term is defined in Regulation S under the U.S. Securities Act) absent registration or an applicable ?exemption from such registration requirements. This press release shall not constitute an offer to sell or ?the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which ?such offer, solicitation or sale would be unlawful.?
About FansUnite Entertainment Inc.
FansUnite is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. FansUnite has 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 includes products for pre-match betting, in-play betting, daily fantasy, content and a certified RNG to produce casino style chance games. The platform operates multiple B2C brands and B2B software for the online gambling industry. FansUnite also looks to acquire technology platforms and assets with high growth potential in new or developing markets.
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: This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Company, including expectations and assumptions regarding the terms, timing and potential completion of the Offering, satisfaction of regulatory requirements in various jurisdictions and the use of the net proceeds of the Offering, including but not limited to: developing additional innovative games under the Askott Games brand;? certifying the Chameleon Software Platform for use in the United Kingdom , as well as expanding the ?Company's footprint in the United States;? launching and marketing of a new business-to-consumer brand; and entering into new partnerships and increasing brand awareness?.? Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE FansUnite Enterainment Inc.
Cision View original content: http://www.newswire.ca/en/releases/archive/June2021/23/c6885.html
Canada Newswire
June 23, 2021 - 7:49 AM PDT
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gdog
3 years ago
FansUnite Signs Exclusive Gaming Rights Deal for Largest CS:GO Event of the Year and Signs Partnership with top Brazilian Streamer and Broadcaster, Gaules Newsfile Corp "Press Releases"
Brazilian broadcasting partnership and exclusive esports betting and casino rights for the upcoming CS:GO Major in Stockholm will be granted to Vamosgg.com, a FansUnite brand
Vancouver, British Columbia --( Newsfile Corp. - June 22, 2021 ) - FansUnite Entertainment Inc. (CSE: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased to announce that its Brazilian brand, Vamosgg.com ("VamosGG") has entered an agreement with top Brazilian streamer Gaules, to secure the Exclusive Gaming Partner rights for Brazil in the upcoming CS:GO Major to be held in Stockholm, Sweden between October 23rd and November 7th of 2021.
FansUnite was able to secure this deal with the help of IMG Media & Events through their exclusive media and sponsorship representation of the PGL Major. The upcoming esports tournament in Stockholm will be the first CS:GO Major after a 2-year break and will have the largest CS:GO prize pool in history1.
Under the agreement, the PGL CS:GO Major will grant exclusive partner rights to VamosGG to deliver casino and esports betting with live odds and bonus offers for the tournament broadcast in Brazil . Throughout the event, VamosGG will be featured in advertisements & content, during commercial breaks and social media commentaries, resulting in increased visibility for its wagering services in front of a massive live audience.
Partnership with Gaules
Additionally, to enhance the partnership, VamosGG is bringing the Major exclusively to the Gaules.tv community, positioning VamosGG as the enabler for the Major's exclusive broadcast to Brazil . VamosGG will work with Gaules to produce esports-related content leading up to and during the event. Gaules is one of the most-viewed live Portuguese language streamers in the world2. VamosGG will also share a co-branded studio with Gaules at the event.
Gaules commented, "I'm thrilled to bring the Major to the community, thanks to the partnership with VamosGG. We are passionate about CS:GO and look forward to the Major in Sweden . Who knows, we may have a Brazilian team in the final?"
Gaules' Social Media Reach:
gdog
3 years ago
FansUnite (OTC: FUNFF) (CSE: FANS) Positioned for Exponential Revenue Growth in iGaming, E-Sports, Online Sports Betting
In their latest presentation at Wall Street Reporters NEXT SUPER STOCK livestream, FansUnite (OTC: FUNFF) (CSE: FANS) CEO Scott Burton , and President Darius Eghdami explained how FUNFFs latest distribution deal with an online casino games aggregator, sets the stage for exponential revenue growth opportunities. In the next 12 months, FUNFF plans to expand its current line from three games to twelve - while adding multiple aggregators for each game - reaching millions of new online casino customers worldwide. With each game generating as much as $500,000 in revenue per month for FUNFF - per online casino - and the potential to be in hundreds of online casinos - these numbers can quickly add up.
Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video: http://bit.ly/3sGSvAs
May 12 - FUNFF has entered a brand partnership with Cash Live Inc. to launch FansUnite branded live games on the Cash Live mobile app. FansUnite has a minority interest in Cash Live, a tech start-up that offers a new popular poker and social casino game show platform. Cash Live is a free-to-play gaming app that is designed for mobile devices and features daily live-streamed poker game shows paying out real cash to its winners.The first branded FansUnite game will be available on Wednesday, May 12th at 6:00 pm PT and will play down to a winner in under 20 minutes. The Cash Live mobile app can be downloaded in the App Store : https://cashlivepoker.page.link/FansUnite
April 14 - FUNNF reports record $28.3M in betting volume and a 136% increase in revenue for its McBookie subsidiary in Q1 2021, compared to same period last year.
Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video: http://bit.ly/3sGSvAs
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