Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased to announce that the Ohio Casino Control Commission has granted FansUnite a Sports Gaming Supplier License for the state of Ohio.
Legal sports betting will be available in Ohio beginning on January 1, 2023, and it is projected to generate a sports betting handle of roughly $8.8 billion during its first calendar year.1 FansUnite will become a legal gaming supplier for Betr Holdings Inc.'s micro-betting sports brand betr, as well as potential new clients that operate in this state. betr is expected to launch in Ohio soon after the state legalizes sports wagering.
"This license represents a major milestone for not only our U.S. licensing strategy and B2B business, but also our overall North American expansion plan," said Scott Burton, CEO of FansUnite. "The state of Ohio is the latest jurisdiction to legalize sports betting and as a major sports hub, we expect it to generate significant gaming revenues for our B2B clients and our live activation team at Betting Hero. This license will enable us to gain an early-mover advantage in a new market. Furthermore, as we secure more client contracts for our B2B solutions and/or affiliate operations, we intend to gain access to new betting jurisdictions where our customers operate; additional state license applications are underway."
In addition to the Ohio license, FansUnite has obtained a Gaming Related Supplier - Manufacturer license from the Alcohol and Gaming Commission of Ontario, as previously announced in March 2022 and the Company plans to become a legal gaming and affiliate solutions provider in more betting jurisdictions in accordance with its clients' operations.
About FansUnite Entertainment Inc.
FansUnite is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming. FansUnite's one-of-a-kind iGaming platform Chameleon offers operators a full suite of gaming solutions with a sports and esports focus geared for the next generation of online bettors and casino players. Along with providing B2B technology solutions, FansUnite operates multiple B2C brands, such as Scottish sportsbook McBookie and Brazilian sportsbook VamosGG. FansUnite is the parent company of North American-focused AmAff, which operates leading affiliate brands such as Betting Hero, Props.com, and BetPrep.
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
FORWARD-LOOKING INFORMATION:
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: availability of legal sports betting in the state of Ohio beginning on January 1, 2023; the projection regarding sports betting handle in Ohio in its first calendar year; FansUnite becoming a legal gaming supplier for betr and potential new clients in Ohio; betr launching in the state of Ohio soon after Ohio legalizes sports wagering; impact of the Ohio license on the Company's revenue and business; and the Company's future plans. 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 Annual Information Form dated June 15, 2021 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.
- https://www.betohio.com/news/ohio-sports-betting-handle-could-surpass-8-billion-during-year-1
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