FansUnite
Entertainment
Announces Strategic Technology Partnership with TGS Esports
Inc.
-The
partnership will launch prediction games for major live esports
events-
VANCOUVER, British
Columbia (March 17, 2021) - InvestorsHub NewsWire –
FansUnite
Entertainment Inc.
(CSE: FANS) (OTCQB: FUNFF) ("FansUnite" or the "Company") is pleased
to announce that it has entered into a strategic partnership with
TGS Esports Inc. (TSXV:TGS) ("TGS"), a leading esports
solutions provider, to launch live esports tournament prediction
games.
TGS partners with
organizations and brands to build and grow their esports
communities via tournaments, broadcast production and events.
Through the partnership, FansUnite will incorporate its wagering
solutions into TGS events to establish a new platform where live
audience predictions can be placed on multiple match outcomes
within every white-label esports event run by TGS.
Viewers can make live predictions during TGS events for which they
can win prizes if their selections are correct. This will
enable FansUnite to showcase the prediction
platform to a large audience of gaming spectators who participate
regularly in TGS tournaments and other related esports
events.
Additionally, the
prediction games from the platform will be featured on TGS' Pepper
esports platform which will enable all tournament organizers to
offer predictions and rivalry challenges in their tournaments to
their viewers.
The partnership
will showcase FansUnite's ability to incorporate their
proprietary stream prediction platform into any esports event
or tournament,
whether online or live
in-stadium.
Esports revenue in
2020 was over $1 billion1,
excluding revenues from betting. TGS has built whitelabel esports experiences for over 15
brands, interacting with over 200,000 gamers and by offering
prediction games, TGS is able to increase the level of engagement
between fans and brands.
"The partnership
with TGS Esports brings forth a new platform that will enable us to
capture new opportunities within the fast-growing esports market,"
said Scott Burton, CEO of FansUnite. "TGS collaborates with
numerous esports event organizers who have a large following of
enthusiastic esports gamers that participate
in their events. Our online betting solutions coupled with TGS
esports platform will enable us to attract a new and widening
audience from these events."
"Live
predictions is a feature our brand partners
have been asking us to implement for a long time," said Spiro
Khouri, CEO of TGS Esports Inc. "By implementing
FansUnite's
technology into our
esports events, TGS is able to increase the level of engagement
between its fans and brands."
About TGS
Esports Inc.
TGS partners with
Fortune 500 brands, schools, and tournament organizers to build out
their esports community via tournaments, broadcast production, and
events. TGS has commercialized an esports solution that allows
brands and gamers to interact on its end to end platform. The combination of
TGS esports event expertise and next generation software creates an
unparalleled esports experience that allows sponsors and brands to
reach their desired gaming demographic.
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
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 the successful integration of
TGS and FansUnite's esports tournament prediction
games, the continue growth of the esports market
and revenue; the ability of FansUnite and TGS to implement their
licensing strategy; FansUnite's ability to fulfill technology needs with
its platform; business
development plans of FansUnite; 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://venturebeat.com/2020/02/25/newzoo-global-esports-will-top-1-billion-in-2020-with-china-as-the-top-market/