CEO of FansUnite Entertainment Scott Burton is highly optimistic for the company’s future and believes that 2021 will be their break-out year in the industry. For the first quarter of 2021, the corporation had recorded incredible growth compared to last year’s Q1 and reported a record-breaking figure of CA$28.3 in betting volume on its McBookie Limited sportsbook and casino offerings in Scotland.
The sports betting platform of McBookie has reached CA$982,000 in gross gaming revenue, for the first three months of this year, which is s 136% year-over-year rise. McBookie had also more than 1,000 unique customers on its casino platform. Over 23,000 bets were placed in a single week on the sportsbook which is the highest ever since its inception.
Great Start
Mr. Burton stated that the strong start of the year is a key inflection point for the gaming corporation which reached new heights. He admitted that a big chunk of the company’s revenue is due to McBookie’s success but he explained that the firm will continue on its road to expansion as it will focus on more B2B offerings and acquire more partners along the way.
The CEO has also stated that the gambling company is looking into further exploring its eSports betting solutions. Mr. Burton said that the corporation has a full platform for eSports wagering where players can bet on professional video game leagues, tournaments, and other similar events as the company targets the 18 to 30-year-old demographic who are most likely to be interested in these kinds of offerings.
The betting supplier will also be looking into enhancing its influence in the North American region as the company finds the U.S. and Canadian markets really appealing. Mr. Burton stated that there is a lot of growth opportunities in the States but it is still a difficult market due to its state-to-state regulations. And as for Canada, he said that they are waiting to see the decision on the single-sports wagering bill.
Last but not least, the company is also preparing for being a potential acquisition target. According to the CEO, there will surely be someone who is interested in the corporation’s technology. Additionally, the company is also considering applying to the NASAQ list, which will certainly help its growth process. Currently, the corporation is debt-free and is well capitalized with CA$14 million and CA$8-9 million in untapped warrants.
New Partners
Most recently FansUnite made some serious moves to assert its position as top-brand in the gaming industry. The company has inked a partnership deal with Cash Live which is a rather newly-established poker and casino games platform. Through this deal, the recently founded company will have access to the supplier’s huge portfolio of gambling solutions and offer it to its clients.
Another significant improvement that FansUnite most recently introduced is the ability to use cryptocurrency as a payment method on its B2B platforms. This is possible after the recent deal with CoinsPaid, which is a cryptocurrency exchange and payment services provider. Users of the websites will be able to use the most popular Bitcoin, Dogecoin, Ethereum, Litecoin, Bitcoin Cash, and Tether to make deposits.
Source: Graham, Patrick “FansUnite Entertainment looks to 2021 as break-out year”, Proactive, May 17, 2021
(No Ratings Yet)
Loading...