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New Listing: FansUnite Entertainment (CSE:FANS)

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The principal business is operating the FansUnite Sportsbook and the website of its wholly-owned subsidiary, McBookie Limited, offering online gaming services to the UK market.

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Additional Information:

Company: FansUnite Entertainment
Website: http://www.FansUnite.com
Stock Symbol: CSE: FANS
Date Published: May 7, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

FansUnite Entertainment, a sports and entertainment company, focusing on technology related to regulated and lawful online sports betting and other related products, is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “FANS”.

The principal business is operating the FansUnite Sportsbook and the website of its wholly-owned subsidiary, McBookie Limited, offering online gaming services to the UK market.

FansUnite is also a provider of technology solutions, products and services in the gaming and entertainment industry and looks to acquire technology platforms and assets with high-growth potential in new or developing markets.

Darius Eghdami, Chairman and CEO, stated: "Today marks a major milestone for FansUnite as we begin trading on the Canadian Securities Exchange. In preparation to scale our business, we have assembled an experienced team with strong industry expertise, invested in new and innovative technology while completing our first acquisition of McBookie. With our public listing completed, we look forward to executing on our company vision through both organic and acquisitive growth."

McBookie is and has been a leading provider of betting services in the U.K. for more than 10 years.

With a focus on B2C offerings in the Scottish market, McBookie's two biggest markets are Football and Horse Racing.

McBookie also offers casino and virtual sports offerings.

Victory Square Technologies, an emerging technology accelerator with over 20 innovative portfolio companies, owns approximately 12.4 million shares, or 17% of FansUnite.

FansUnite recently raised gross proceeds of $3,132,000 from the placement of approximately 8.95 million shares priced at $0.35 per share.

The shares are trading at $0.36.

For more information, please visit the company’s website www.FansUnite.com, contact Darius Eghdami, CEO, at 778-558-9067 or by email at darius@FansUnite.com.

For investor relations, contact Prit Singh at 905-510-7636 or email ir@FansUnite.com.

I’m Fiona Forbes for Investmentpitch Media