NEW: No-Cost Streetwise Live! Events. This type of intellectual capital is usually not made available to the general public. Learn More

Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: FANS; FUNFF

Entertainment Firm's Acquisition Target to Integrate 6,000 Casino Games into Platform
News Update

Share on Stocktwits

Source:

Through this deal, FansUnite Entertainment's acquiree gains a highly scalable channel partner.

In a news release, FansUnite Entertainment Inc. (FANS:CSE; FUNFF:OTC) announced that its acquisition target Askott Entertainment made an agreement with The Ear Platform to integrate its casino aggregator technology into Askott's Chameleon gaming platform.

As a result, the business-to-business Chameleon platform will now offer partners additional revenue streams through the hub by affording them access to 6,000-plus casino games. Previously, Askott partners only used Chameleon to launch their own esports betting platforms.

With the deal, Askott gains a highly scalable channel partner. Askott's partners broaden their offerings overall and expand the entertainment options they may offer bettors.

"As a leading provider of B2B betting solutions in the esports market, we are pleased to announce this integration with The Ear Platform which will serve as an additional revenue stream for our partners and a highly scalable channel partner for us," said Scott Burton, CEO of Askott Entertainment. "With the addition of 6,000 casino games, our partners are now in a position to provide additional betting options for their customers while providing a larger product offering to increase customer retention and the lifetime value of each unique user."

"By plugging in our aggregator hub with an esports-focused betting platform, we have opened up an additional channel to distribute thousands of casino games to a growing and new demographic," The Ear Platform's commercial director, Andrei Siomela, said in the release.

[NLINSERT]

Disclosure:
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.




Learn More about Streetwise Reports Live

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