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Fansunite Entertainment Inc FUNFF


Primary Symbol: T.FANS

FansUnite Entertainment Inc. is a Canada-based global sports entertainment and gaming company. The Company is focused on the regulated and lawful sports betting affiliate market, which includes customer acquisition, retention, support, and reactivation. The Company, through its subsidiary, American Affiliate Co LLC (AmAff), is focused on covering both retail and digital customer activation for sportsbooks, casinos, poker, and fantasy sports platforms. AmAff is a North American omni-channel customer acquisition company, which operates affiliate brands, including Betting Hero and Props.com.


TSX:FANS - Post by User

Comment by Doozeron Aug 25, 2023 8:07am
257 Views
Post# 35604964

RE:Same name but different person..thank God..Chris Grove isn't

RE:Same name but different person..thank God..Chris Grove isn'tYeah different Guy.  FANS' Chris owned American Affiliate and was on the Board of FANS prior to the USD $58.2million acquisition / reverse takeover ($16.5m cash + $41.7m in shares + extensive additional shares via earnout fiasco).  He also has other venture dealings. The customer relationships he has and combined synergistic offerings were supposed to yeild extensive B2B contracts for North America, which never happened, so basically we paid $58.2m + earnouts for Betting Hero and have abandoned all other business verticals. 

On that note, guess my question was answered about whether Dragonbet represents a quarterly and yearly net loss for the company as this was inferred due to lack of scale.  Turns out this is huge and will save FANS ~7.1m/year by not supporting Dragonbet anymore starting in September and just cutting head count / staff.  The B2B strategy and underlying economic conditions and scale required to actually be profitable for shareholders appears to have been severely flawed and based on poor assumptions and a lack of execution for anticipated/probable B2B deals for North America that never materialized.

Gotta say I'm not sure how much value Scott brings to the table given past performance and future focus of the company.  May be best to sell code for the RNG games we have, get rid of Scott, rename/brand the company, and just keep the Betting Hero folks.      
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