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

News Update


Vancouver Online Gaming Tech Firm Closes Acquisition
News Update

Share on Stocktwits


With its technology platform, FansUnite Entertainment creates a "leader in the Canadian gaming sector."

FansUnite Entertainment Inc. (FANS:CSE; FUNFF:OTCMKTS) announced in a news release it closed the acquisition of Askott Entertainment, a gaming software development firm and "first mover in the esports sector."

"With the Askott acquisition now complete, FansUnite is well positioned to become a leader in the global I-gaming market. The combined forces of both companies will bring together a portfolio of business to business and business to consumer assets that are unique, industry leading, and support our goal of growing our global footprint in the fast growing gaming industry," FansUnite President Darius Eghdami said in the release.

With the acquisition, FansUnite stated it can now offer customers a broader range of betting options in the forms of sports, esports, casino games and others.

According to the company, "the acquisition of Askott supports FansUnite's vision to become a leading technology platform that can serve a growing online gaming market. Askott has a rich operating history dating back to 2013 with a focus on creating both B2B and B2C betting products in the rapidly growing esports industry. Most recently, Askott's B2B Chameleon Gaming platform was shortlisted for the 2020 EGR B2B Awards for Esports Betting Supplier of the Year. With Askott Entertainment being a first mover in the esports sector, FansUnite will now be able to accelerate their trajectory by providing customers with a broader range of betting options that includes sports, esports, casino games and many others."

Upon completion of the transaction, the total number of FansUnite shares issued and outstanding is 154,345,706, the company noted.

As far as management and board changes resulting from the deal, Askott founder and CEO Scott Burton is now the CEO of FansUnite, and Darius Eghdami is the president. Jeremy Hutchings, Askott's chief technology officer, now holds that position with FansUnite. Ian Winter, Askott's chief operating officer is now FansUnite's chief operating officer. Duncan Peter McIntyre resigned from Askott.

Burton, James Keane and Chris Grove replaced the three board members who resigned: McIntyre, Saxon Tudor Shadforth and Shafin Diamond Tejani.


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