FansUnite
Entertainment Launches U.S. Expansion with GameCo LLC
-Partnership
will bring Esports iGaming Platform to the US Market-
Vancouver, British
Columbia, September 2nd, 2020 -- InvestorsHub NewsWire --
FansUnite Entertainment Inc. (CSE: FANS) (OTC: FUNFF), ("FansUnite" or the "Company"), a technology
company providing leading online gaming solutions, is pleased to
announce that its wholly owned subsidiary Askott Entertainment has
signed a partnership agreement with Las Vegas based GameCo LLC, a
pioneer in skill based iGaming products ("GameCo"). The
partnership will introduce Askott Entertainments esports iGaming
platform, Chameleon, to the US regulated market.
GameCo holds gaming
licenses in almost thirty jurisdictions including, New Jersey and
Nevada in the United States. Askott Entertainment will
leverage this US license infrastructure by enabling GameCo to
become an official reseller of the Chameleon esports betting
platform to new and existing partners which will include U.S based
casino operators. The partnership agreement will give the combined
group an early mover advantage in the U.S. esports iGaming market.
As the U.S. is one the most desirable and active gambling markets
globally, having a presence in that jurisdiction is an integral
part of the FansUnite strategy.
"With this newly
launched partnership, we are able to showcase our turn-key white
label iGaming solution while officially launching our technology
into the burgeoning U.S. gaming market," said Scott Burton, CEO of
FansUnite Entertainment. "We are aware of the sizable market that the
U.S. presents, and understand that esports is a key component to
any traditional sportsbooks future betting offering. This
partnership with GameCo is a significant inflection point for
FansUnite and accelerates our plans to enter the US market by at least
6-12 months."
"GameCo was born
from the founders' involvement in the esports industry and invented
the category of skill-based Video Game Gambling™. We intend to
carry our market leadership position in the U.S. regulated
market and
provide the industry's leading turkey, outsourced solution for
casinos and sportsbooks to offer esports betting," said Blaine
Graboyes, Co-Founder and CEO of GameCo. "Skill-based games and
esports betting are one of the few growth opportunities in
the U.S. and we
believe Askott provides the most capable and innovative platform
for offering iGaming and esports betting."
With the repeal of
PASPA in 2018 any state is now allowed to legalize sports betting.
Since that time more than $20 billion has been bet with U.S.
sportsbooks1.
About
GameCo
GameCo LLC is the
foremost innovator and trailblazer in creating new, differentiated
gaming products and experiences which are driving the growth in the
digital and retail regulated casino industries. The
inventor of
the world's first skill-based Video Game Gambling Machine (VGM™),
GameCo's omnichannel land-based and online platform combines the
fun and interactivity of video games with the thrill and
anticipation of gambling. The company's patent-pending
GamersEdge™
technology allows a player's skill and strategy to impact the
payout and winnings, while maintaining similar economics for the
casino as traditional slots. Through its Video Game Gambling™
platform and gaming licenses in dozens of jurisdictions,
GameCo
enables game developers and publishers to distribute and monetize
video games into the licensed gaming market and enables operators
to attract and engage new, different customers. GameCo offers a
wide portfolio of casino, sports, and core game genres in
both single player
and esports-style multiplayer formats for retail casinos, and
through the iGameCo brand, for digital casinos with iGaming, and
esports betting.
GameCo LLC is
privately held and headquartered in Las Vegas with additional
offices in New York City. GameCo is currently
licensed to operate in more than twenty gaming jurisdictions,
including Nevada.
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, Chameleon Gaming 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.
For further
information, please contact:
Prit Singh Investor
Relations at FansUnite
ir@fansunite.com
(905)
510-7636
Scott Burton Chief
Executive Officer of FansUnite
scott@fansunite.com
Darius Eghdami
President of FansUnite
darius@fansunite.com
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 such as: the leveraging of
GameCo's US license infrastructure; GameCo becoming an official
reseller of the platform; the Company's entrance into the US market
and the Company's strategy with respect thereto; the
importance of the US market to the Company; impacts of the
GameCo/Askott partnership on the Company's success; the Company's
ability to become a leading technology platform and a leader in the
global I-gaming market, and to serve the gaming market; the
potential
growth of the Company and the gaming market; the increased number
of betting options; the ability of the Company to scale its B2B arm
and maintain its B2C platforms; the Company's unique portfolio of
assets; 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.
1https://www.espn.com/chalk/story/_/id/29174799/sports-betting-growth-us-extraordinary