Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Sports Betting Tech Firm Outlines 2020 Strategy
News Update

Share on Stocktwits


FansUnite Entertainment's primary goals are to grow globally and create shareholder value.

FansUnite Entertainment Inc. (FANS:CSE) announced in a news release the business strategy it intends to employ following some recent developmental moves.

Those include going public on May 5, 2020, and raising $3.1 million in the process. They also include acquiring McBookie, which provides regulated betting in the United Kingdom, particularly Scotland. McBookie offers sports betting, casino and virtual sports with an emphasis on soccer and horse racing.

"The recent acquisition of McBookie provides a strong foundation for the future of FansUnite as a technology company supporting the global gaming markets," the release noted.

Going forward, FansUnite's goals are to expand globally and create long-term value for shareholders.

Concerning its business-to-consumer vertical, FansUnite will concentrate on growing the McBookie platform among Scottish players.

Regarding its business-to-business segment, the company plans to continue developing and offering technology to outside operators looking to offer their own gaming platform. That solution would include customizable sportsbook, event data, odds, resolution, risk management, know your customer, anti-money laundering and payment option components. FansUnite will offer this through its Bet Maker Labs brand. Additionally, it will keep improving its legacy software.

"With the platform now in beta, we are in a position to begin discussions with established bookmakers as well as with new operators looking to launch innovative and scalable sportsbooks to improve their user experience," Chairman and CEO Darius Eghdami said in the release.

Also, FansUnite noted that it will continue to evaluate potential mergers and acquisitions opportunities in the sports, gaming and entertainment industry, pursuing those that will complement its existing assets.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with FansUnite. Please click here for more information. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of FansUnite, a company mentioned in this article.

Want to read more about Technology investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe