FansUnite Provides Update on
American Affiliate
-American Affiliate has generated
over $3.4 million CAD in revenue and registered over 16,000 new
depositing customers since its acquisition by FansUnite-
Vancouver, British Columbia, January 13, 2022 -- InvestorsHub
NewsWire -- FansUnite Entertainment Inc. ("FansUnite" or the
"Company") (CSE: FANS) (OTCQX: FUNFF), is pleased to announce that American
Affiliate ("AmAff") has demonstrated strong sales growth and
operational performance since FansUnite's acquisition that was
announced on November 23,
2021.
Since November 23, 2021, American Affiliate has generated
more than $3.4 million CAD in unaudited revenue, while operating at
over 30% gross margins, and has registered more than 16,000 new
depositing customers for leading partner brands such as BetMGM,
WynnBet, Caesars, FanDuel and DraftKings.
"American Affiliate's performance continues to exceed our
expectations," said Chris Grove, Chief Executive Officer of
American Affiliate. "Our growth continues to be powered by our
unique strategy of focusing exclusively on the U.S. market with a
brand-driven, tech-based portfolio of assets that are able to
access potential gamblers across multiple digital and retail
channels."
"The first quarter of 2022 is likely to be the biggest so far
for the U.S. online sports betting and casino industry," continued
Grove. "The introduction of new markets like New York, the
continued growth of existing markets, and the tentpole events for
professional football and college basketball will all combine to
create unprecedented levels of consumer interest and online
gambling revenue."
Overview of
American Affiliate's Marquee Brands
-
Betting
Hero - The #1 live activation network in sports
betting, Betting Hero helps people enjoy their experience betting
on mobile, providing consumers with the smoothest possible
experience as they register, fund, and bet. Betting Heroes are a
prominent presence at dozens of casinos, sports bars and live
sporting events across the country each and every week.
-
BetPrep
- A game-changing
software that saves sports bettors the effort of collecting data,
calculating useful statistics and finding what conditions lead to
profitable betting opportunities, BetPrep allows bettors and sharps
to test their own strategies on over 10 years of historical sports
data and odds.
-
Props.com
- Providing wall-to-wall coverage of the news, insights,
analysis, and trends through entertaining and actionable content,
Props.com is a leading hub for the ever-growing population of U.S.
sports bettors.
-
Wagers.com
- The authority at the intersection of sports, gambling,
finance and technology, Wagers.com covers industry developments,
breaking news and offers expert insight and analysis in an
accessible approach.
American Affiliate currently has regulatory approval to
operate in 10 states: Arizona, Colorado, Indiana, Louisiana,
Michigan, New Jersey, Pennsylvania, Tennessee, Virginia, and West
Virginia, and is authorized to provide marketing services for
licensed sports betting operators in Massachusetts, New York, and
Nevada. Additionally, AmAff is poised to apply for regulatory
approval in any other states that legalize sports
betting.
"American Affiliate's multi-state operation enables FansUnite
to increase our reach to different regulated betting markets across
the United States," said Scott Burton, CEO of FansUnite. "To be
able to achieve these figures within a short, six-week span that
included both American Thanksgiving and Christmas is a testament to
their ability to connect with consumers and bodes well for
FansUnite to continue its positive momentum in 2022."
About FansUnite Entertainment
Inc.
FansUnite 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, 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. The
Company also provides technological solutions and services in the
global gaming and entertainment industries. Its technology includes
fixed/parimutuel odds, in-stream betting, live betting,
casino-style games, cryptocurrency wallet and news
content.
About American
Affiliate
American Affiliate is a U.S. pure play affiliate company
focused on generating new depositing customers for online
sportsbooks, casinos, daily fantasy and poker platforms. American
Affiliate is the only true omni-channel affiliate, covering both
retail and digital activation across the legal U.S. states.
American Affiliate owns and operates numerous brands,
including Betting
Hero, BetPrep,
Props
and Wagers and
is operated by a group of industry experts with decades of
experience in the U.S. and global gaming market.
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 INFORMATION:
This news release contains certain statements that may
constitute forward-looking information under
applicable securities laws. All statements, other than those
of historical fact, which address activities, events,
outcomes, results, developments, performance or achievements that
FansUnite anticipates or expects may or will occur in
the future (in whole or in part) should be considered
forward-looking information. Often, but not always, forward-looking
information can be identified by the use of words such
as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such
words and phrases, or statements formed in the future
tense or indicating that certain actions, events or results "may",
"could", "would", "might" or "will" (or other
variations of the forgoing) be taken, occur, be achieved, or come
to pass. Forward-looking statements in this news
release include, but are not limited to, discussion of future plans
and ability to increase the Company's reach to different regulated
betting markets across the United States.
Forward-looking information are based on assumptions and
analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments,
including, but not limited to, expectations and assumptions
concerning: interest and foreign exchange rates;
capital efficiencies, cost saving and synergies; growth and growth
rates; the success in the online gambling and sports
betting industry; the regulatory environment applicable to online
gambling and sports betting; the technological
infrastructure and support needed to host the Company's online
gambling and sports betting platforms and
applications; any cryptocurrency applications to the Company's
business; and the Company's growth plan. While
FansUnite considers these assumptions to be reasonable,
based on information currently available, they may
prove to be incorrect. Readers are cautioned not to place
undue reliance on forward-looking information. In addition,
forward-looking information necessarily involve known
and unknown risks, including, without limitation, risks associated
with general economic conditions; risks associated
with the regulatory environments in the jurisdictions the Company
operates in; technology-related risks that could
adversely effect the Company's ability to operate its online
gambling and sports betting platforms and
applications, risks related to the novel coronavirus (COVID-19)
global pandemic and any effects it might have on the
Company's business thereto. Readers are cautioned that
the foregoing list is not exhaustive. For more information on
the risk, uncertainties and assumptions that could
cause anticipated opportunities and actual results to differ
materially, please refer to the public filings of
FansUnite which are available on SEDAR at www.sedar.com. Readers
are further cautioned not to place undue reliance on
forward-looking information as there can be no assurance that the
plans, intentions or expectations upon which they are
placed will occur. Such information, although considered
reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ
materially from those anticipated. Forward-looking information
contained in this news release are expressly qualified
by this cautionary statement and reflect our expectations as of the
date hereof, and thus are subject to change
thereafter. FansUnite disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise,
except as required by applicable law.
NON-IFRS FINANCIAL MEASURES:
This shareholder letter refers to certain non-International
Financial Reporting Standards ("IFRS") measures.
Earnings before interest, taxes, depreciation and
amortization ("EBITDA") is not a recognized
performance measure under IFRS. EBITDA does not have a standardized
meaning prescribed by IFRS and therefore may not be
comparable to similar measures presented by other issuers.
EBITDA, is a non-IFRS measure which represents net
income (loss) adjusted to exclude interest, income taxes,
depreciation, and amortization. EBITDA is included as
supplemental disclosure because management believes that such
measurement provides a more meaningful
assessment of the Company's operations on a
continuing basis by eliminating certain non-cash
charges and charges or gains that are infrequent. The most
directly comparable measure to EBITDA calculated in
accordance with IFRS is net income (loss). Readers are
cautioned that these measures should not be construed as an
alternative to measures determined in accordance with
IFRS as an indication of the Company's performance.