Online Gambling Tech Stock On a Roll | FansUnite (CNSX:FANS)
FansUnite Entertainment Inc (OTCMKTS:FUNFF) (CNSX:FANS) provides technology solutions to traditional sports, esports, gaming, and online gambling industries. FansUnite has focused on building its technology to provide the company with the foundation to generate large revenues and the ability to launch in new jurisdictions. FansUnite wants to be the global leader in the online gambling industry by servicing the entire industry via its technology.
FansUnite has a few ways of generating capital. The company operates its own consumer-facing online gambling/casino brands. They also licence their technology to other casinos and sportsbook operators with a business-to-business (B2B) model.
Certain betting markets, like the UK, are already mature and have big players dominating the space. FansUnite is looking to grow its brands in niche markets. A business plan that has been proven successful. Its wholly-owned subsidiary McBookie.com, for example, focuses on the Scottish market and was able to generate record gaming revenues close to CAD$1 Million last quarter (a 136% increase YoY).
The company is looking to replicate that same kind of success in new markets. CEO Scott Burton said that Brazil was the next big market FansUnite is looking to dominate. As Canadian regulators approved single-sports betting recently, Canada could also become a new market FansUnite technology could help break into.
Whether it’s sports, gaming or casino gambling that tickles your fancy, watch the full interview to see if FansUnite is the company to roll the dice on.