FansUnite and MoneyLine Sports
Announce Launch Of New Online Wagering Platform for Regulated
Markets
-The new online
wagering portal will feature FansUnite's proprietary white-label
online wagering solution along with MoneyLine's Sports Streaming
OTT platform and mobile application-
Vancouver, British Columbia -- December 16, 2021 --
InvestorsHub NewsWire -- FansUnite Entertainment Inc. (CSE:
FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is
pleased to announce that the Company's official white-label
partner, MoneyLine Sports Inc. ("MoneyLine"), an Ontario-based SaaS
and gaming technology company providing gaming solutions in the
European and overseas markets, will be launching the online sports
streaming and wagering portal, www.monelinesportsbook.com,
in January 2022.
As previously announced, MoneyLine entered into a licensing
agreement with FansUnite to create a joint media and wagering
platform that integrates the Company's wagering technology with
streaming OTT sports content via web, Apple TV and mobile
application. The next generation gaming portal will deliver an
immersive user experience by offering live streaming services,
robust odds, premium insights, and aggregating of leading sports
betting services through its mobile application. In addition, the
portal will offer several payment options, including crypto and
fiat currencies, which MoneyLine will reward users for PayPal and
fiat conversions on the Money Line Network.
Specifically, the MoneyLine platform will offer
subscription-based premium streaming sports content and a customer
acquisition-focused affiliate marketing business that operates in
multiple betting jurisdictions.
"FansUnite is thrilled to serve as the technology provider
for Moneyline Sports as we celebrate the upcoming launch of their
online sportsbook," said Scott Burton, CEO of FansUnite. "Our full
gaming solution for player management, risk, data, player
verification, sports and esports betting, and iGaming will allow
MoneyLine to offer their customers a top-tier experience from Day
1. Our highly scalable technology will be with MoneyLine as they
deploy their multifaceted, cross-platform strategy."
"We are extremely excited to announce the launch of MoneyLine
Sportsbook with our long time partner, FansUnite," stated B.
Michael Friedman, Founder of MoneyLine Sports. "It is our goal to
build on the technology and licensed gaming platform of FansUnite
as a streaming and gaming content provider, integrating our
streaming OTT platform within this multibillion-dollar sector which
is growing rapidly, but also converging. This opportunity will
create the foundation and platform to build a global media and
gaming technology company with technology and licensed content that
separates us from the rest of the sector. As a public company, this
rapidly growing sector is almost certain to increase in popularity
and I believe is in the best interest for both current and new
shareholders considering the current social climate."
About MoneyLine Sports
Inc.
Founded in 2019 and launching in 2022, MoneyLine Sports Inc.
is a SaaS technology Company focused on developing licensed,
digital streaming content and tools for the growing land based and
online gaming sector. The Company provides streaming content
through an OTT platform that allows online operators the ability to
offer their customers innovative software solutions including live
streaming events, odds and player stats including aggregating
sportsbook data. The MoneyLine technology platform is purpose-built
for streaming live sporting events coupled with a new application
giving the ability to place a wager of choice with your existing
betting service, or open an account with a licensed sportsbook in
legal jurisdictions through one log in and digital wallet.
MoneyLine's diverse revenue model includes a subscription-based pay
for view model and a rapidly-growing affiliate marketing business
focused on customer acquisition for betting operators in Europe and
additional jurisdictions as well as sports and casinos.
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.
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 STATEMENTS: Certain information contained
herein may constitute "forward-looking information"
under Canadian securities legislation. Generally, forward-looking
information can be identified by the use of
forward-looking terminology such as "believes," "belief,"
"expects," "intends," "anticipates," "potential,"
"should," "may," "will," "plans," "continue" or similar expressions
to be uncertain and forward-looking. Forward-looking
statements may include, without limitation, statements relating to:
the licensing agreement with Money Line, including the anticipated
benefits therefrom; the creation and timing of the anticipated
online sports betting portal, the characteristics of the Money Line
platform; the competitive advantage of the relationship with Money
Line; the user experience regarding the Money Line platform;
business development plans of FansUnite;
the Company's unique portfolio of assets; and discussion of future
plans, projections, objectives,
estimates and forecasts and the timing related
thereto. Forward-looking statements are based
on the Company's estimates and are subject to
known and unknown risks, uncertainties and other
factors that may cause the actual
results, level of activity, performance or achievements of
FansUnite to be materially different from
those expressed or implied by such forward-looking statements
or forward-looking information.
Additional information regarding the risks and
uncertainties relating to the Company's
business are contained under the heading
"Risk Factors" in the Company's Non-Offering
Prospectus dated March 27, 2020 filed on
its issuer profile on SEDAR at www.sedar.com and risks
related to global pandemics, including
the novel coronavirus (COVID-19) global health
pandemic, and the spread of other viruses or
pathogens and influence of macroeconomic
developments. Accordingly, readers should not place
undue reliance on forward-looking
statements and forward-looking information. The
forward-looking statements in this news
release are made as of the date of this release.
FansUnite disclaims and does not undertake to
update or revise any forward-looking statements
or forward-looking information, whether as a result of
new information, future events or
otherwise, except as required by applicable securities
laws.