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Monday, October 18, 2021

McBookie; the Rise of Fansunite Entertainment Inc (OTCMKTS: FUNFF)

Fansunite Entertainment Inc (OTCMKTS: FUNFF) is making a powerful move up the charts in recent days after the Company reported it’s wholly owned subsidiary McBookie closed out October with the highest increase in monthly revenue and gross margin in the company’s 10-year history totaling $7.3M in total betting volume being placed during the month. Much of the growth was attributed to the unveiling of McBookie’s live casino games and increased activity in sports betting.

Fansunite is at the right place at the right time with the global online betting market expected to surpass $100 billion this year. The Company has also been making moves behind the scenes reporting it has received approval to officially “uplist” from the Pink® market to the OTCQB Venture Market (“OTCQB”). The common shares will trade under the symbol FUNFF. According to Company management; “The next step is to effectively market the Chameleon Gaming Platform to sportsbooks’

Fansunite Entertainment Inc (CNSX: FANS) (OTCMKTS: FUNFF) operating out of Vanouver, Canada 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.

Fansunite operates multiple esports properties which include: ggking.com, vie.gg, esportspools.com and flux.gg. The Company has previously held online gaming licenses in the Isle of Man and still maintains infrastructure there. The Company has two wholly owned subsidiary companies in Malta that are in the license application process through the Malta Gaming Authority; MGA. Licenses are expected to be received in Q32020. The first license is a business to business (“B2B”) Critical Gaming Supply License which will allow the Company to sell its software services to other gaming operators. The second license will be a business to consumer (“B2C”) license to allow the Company to operate its own direct to consumer sites. The Company is applying for all 4 classes of a B2C license.

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FUNFF

FansUnite subsidiary Askott Games is currently completing its fourth game with plans for over ten within the next 12 months. Askott recently launched a dedicated Askott Games (askott.games) site and begin business development. In October Askott signed a distribution agreement with a leading online casino games aggregator to distribute its proprietary Random Number Generated (RNG) games to online casinos and sportsbooks in the European market. FansUnite recenlty signed a partnership with Pinnacle Solutions a global leader in online sports betting. FansUnite plans to incorporate Pinnacle’s new esports data and odds feed into its Chameleon Gaming Platform. The partnership is part of its strategic plan to collaborate with the best data providers for its esports betting offering.

Earlier this month FansUnite reported its wholly owned subsidiary McBookie closed out October with the highest increase in monthly revenue and gross margin in the company’s 10-year history. The UK Sportsbook set company records with triple-digit growth in multiple areas, led by a 433% increase in overall revenue compared to October 2019 and a total Gross win of $602K CAD during the month. Much of the growth was attributed to the unveiling of McBookie’s live casino games and increased activity in sports betting which resulted in $7.3M in total betting volume being placed during the month.

McBookie’s new Live Casino product, encompassing multiple tables and variations of blackjack, roulette and baccarat, all with live real dealers, garnered substantial interest from online bettors. Betting volume was $5.1M CAD, an increase of 460% as compared to October 2019. Gross Win was $197K CAD an increase of 679% as compared to October 2019.

McBookie added new features, including ‘bet builder’, which enables online bettors to fully customize and build their bets across any number of markets, and instantly receive a price on their desired wager. The user-friendly feature combined with a full slate of English soccer fixtures and the Scottish National Soccer Team’s presence in the prestigious UEFA European Championship qualifiers, helped propel the company to new financial heights. Betting volume was $2.2M CAD, an increase of 188% as compared to October 2019. Gross Win was $405K CAD, an increase of 363% as compared to October 2019.

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Fansunite Entertainment  is making a powerful move up the charts in recent days after the Company reported it’s wholly owned subsidiary McBookie closed out October with the highest increase in monthly revenue and gross margin in the company’s 10-year history totaling $7.3M in total betting volume being placed during the month. Much of the growth was attributed to the unveiling of McBookie’s live casino games and increased activity in sports betting. Fansunite is at the right place at the right time with the global online betting market expected to surpass $100 billion this year. The Company has also been making moves behind the scenes reporting it has received approval to officially “uplist” from the Pink® market to the OTCQB Venture Market (“OTCQB”). The common shares will trade under the symbol FUNFF. According to Company management; “The next step is to effectively market the Chameleon Gaming Platform to sportsbooks’ We will be updating on FansUnite when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FansUnite.

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Disclosure: we hold no position in FansUnite either long or short and we have not been compensated for this article

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