FansUnite: A rare profit ‘double game’ in the booming $ 150 billion sportsbook industry
Profiting from both sides of the sports betting industry
ENTERTAINMENT FANSUNITE INC. CSE: FANS | OTC: FUNFF
The $ 150 billion sports betting market is poised to explode after growing steadily for several years now.
But after the pandemic shifts the main domino over this market explosion, it is expected to multiply up to 5 times over the next few years.
This is because it was one of the few hobbies that people around the world could still enjoy together, even from home.
And this has led the online side of the sports betting market, in particular, to grow at a rate no one could have expected.
This surge of interest has paid off with significant gains at a number of sports betting companies.
- Penn National Gaming, for example, has skyrocketed to record 298% gains in the past year.
- Draftkings also climbed an incredible 400% around its highly anticipated IPO.
- And the Canadian company under the radar, FansUnite, had its own exit party with stocks surging 212% in the past 7 months alone.
This is because FansUnite has blazed a trail in the industry that few have been able to do with their unique technology.
DOWNLOAD OUR SPECIAL FILE on FansUnite’s massive growth in the $ 150 billion sportsbook market and how early investors could profit from it.
Most large companies end up using âwhite labelâ versions of software to run their sports bets, place bets and process payments through the software.
This means that these companies end up paying for a third party platform, and they typically pay a percentage of net gaming revenue as part of the deal.
Think about how restaurants or other businesses pay a percentage to Visa or their payment processor every time they swipe a credit card.
This is why FansUnite not only built new platforms for their own sports betting, avoiding having to make payments to another tech company, they also license the platforms to others and are collecting a slice of the pie from other players in the sports betting space. as well as.
And across the industry, we’ve seen how profitable it can be to be the tech company holding the cards.
There have been a number of acquisitions amounting to hundreds of millions or more in recent years.
- For example, Bally’s just recently acquired technology company Bet.Works for $ 125 million.
- GAN Limited spent $ 176 million to acquire CoolBets for its platform.
- And in the acquisition that made industry headlines, Draftkings acquired SB Tech through a public acquisition valued at $ 3.3 billion.
Now FansUnite is becoming a major competitor in the industry which continues to grow both in North America and globally.
They went public on the Canadian Stock Exchange (CSE) in May 2020 after raising $ 3 million in a first round of funding.
As part of the list, FansUnite then negotiated a deal to acquire an already successful UK platform, McBookie.com. Then, in August 2020, they finalized the acquisition of esports betting pioneer, Askott Entertainment.
Since then, they have experienced steady growth through acquisitions and organic growth to the point where they are now recognized in the same breath as industry leaders.
The EGR North America Awards are the industry gold standard for major sports betting companies.
And this year, FansUnite was shortlisted for 2 awards: the Full Service Platform Provider Award and the Sports Betting Platform Provider Award.
It is an incredible honor for a small up-and-coming company like FansUnite to be nominated among the giants with market caps of up to $ 12.7 billion.
Compare that to FansUnite’s market cap, which currently sits at just over $ 100 million, and it’s easy to see how much of an opportunity that could be.
Getting recognized on the main stage like this could propel them to the next level with the leaders in this $ 150 billion industry and help them become a major player in this space.
Awaiting the latest news on important licensing applications
ENTERTAINMENT FANSUNITE INC. CSE: FANS | OTC: FUNFF
FansUnite has already generated millions in revenue, mainly through its B2C platforms.
Between these platforms, they have processed a total of over $ 350 million in betting volume to date.
And it all comes from a whopping 300,000+ registered and counting users.
But the blue sky opportunity that is offered to them could come from their B2B side …
License their software so that other sports bets can use it and take a portion of the bets that go through the platform.
FansUnite has already signed several B2B agreements through the Chameleon gaming platform.
They also have 2 major partnerships with global brands behind their name, although these are only the first steps in their expansion plan on the B2B side.
Additionally, FansUnite has added another revenue stream with its suite of 4 casino games through Askott Games.
They are almost done in their 5th game and plan to have up to 10 completed and ready to play by the end of the year.
To help bring these games to dozens of sportsbooks around the world, FansUnite signed a deal with a major Europe-focused aggregator called The Ear Platform.
With this key agreement, he could help put Askott games on over 100 or more different sports bets.
And FansUnite continues to expand and expand its footprint across the globe over time.
They have already obtained B2B and B2C licenses in Europe with their remote gaming licenses in Malta.
And now they are preparing to apply in sports betting hot spots like New Jersey to become a gambling provider there.
In addition, they are a few weeks away from securing major UK gaming licenses.
READ OUR EXCLUSIVE REPORT on how investors could benefit from FansUnite’s rapid growth in 2021.
This would be huge news since their McBookie.com site is currently forced to use another vendor until it obtains the gaming license to use its own platform.
Locking in that license would not only free up more revenue than they are currently paying to another company for the platform they are using …
It would also give them more flexibility and the ability to customize their own platform to suit their unique needs.
It could be a game-changer for FansUnite.
Now, with half of the states in the United States having legalized online sports betting, the trend is towards legalization in more and more states.
This means that the market is only getting bigger as FansUnite races to become a player with its best platform in the United States.
And that could open up more opportunities in Canada with legislation pending to potentially legalize single-event sports betting there as well.
With this bill, Bill C-218, passed with an almost unanimous vote at its last hearing, it is nearing the final stages before it soon becomes law.
This would open up a huge market for online sports betting across North America, as FansUnite continues to verify major milestones.
- In the coming months, they could get more licenses to operate in different states and countries through their platform.
- They plan to continue making more casino games for their Askott Games platform.
- And they continue to sign more B2B customers to license their FansUnite platform, with another new customer signing in in just the past two weeks.
The $ 150 billion sports betting industry is only growing thanks to changes in the legislature and the next generation taking more of their hobbies online.
And with FansUnite owning both a part on the B2B and B2C side, they are quickly becoming the name to watch as they could profit twice from the expansion of this industry.