American Affiliate Approved For
Entry Into New York Online Sports Betting Market
-American Affiliate, a division of
FansUnite, to bring its teams and brands into the largest market in
the U.S. online sports betting industry-
Vancouver, British Columbia, January 10, 2022 -- InvestorsHub
NewsWire -- FansUnite Entertainment Inc. ("FansUnite" or the
"Company") (CSE: FANS)
(OTCQX:
FUNFF), is pleased to announce that the Company's American
Affiliate division ("AmAff") is now authorized in the State of New
York to provide customer acquisition services for licensed sports
betting operators in the state.
The N.Y.S Gaming Commission announced on January 6,
20221 that four
licensed Mobile Sports Wagering Operators - Caesars Sportsbook,
DraftKings, FanDuel, and Rush Street Interactive - have satisfied
all statutory and regulatory requirements necessary to accept and
process mobile sports wagering and commenced operations starting
Saturday, January 8, 2022. Having secured the necessary regulatory
approvals, American Affiliate will now bring its team and brands
into New York to help drive new depositing customers to its
sportsbook partners.
"American Affiliate is uniquely well-positioned to help our
sportsbook partners achieve their primary goal: securing market
share in the largest online sports betting market in the U.S.,"
said Chris Grove, Chief Executive Officer of American Affiliate.
"We look forward to realizing the growth potential from bringing
our market-leading range of digital and retail activation assets to
New York."
Betting Hero
will kick off AmAff's retail efforts with live activation for
sportsbook partners at Madison Square Garden for Wednesday night's
(January 12, 2022) Knicks/Mavericks game.
"We have been preparing for the launch of New York since
early 2021, laying the vital ground work to ensure we successfully
build on our position as the #1 live activation company in the
industry nationwide," said Jai Maw, President of the Betting Hero
brand. "With the support of many of our key partners, we will be
helping New Yorkers enjoy their experience betting on mobile on day
one just as we have in every legal state since 2018."
AmAff will also be turning on
its marquee digital brands, including Props.com,
Wagers.com,
and BetPrep.com,
with the goal of engaging and capturing a share of the millions of
existing and potential sports bettors in New York State.
According to projections from Eilers & Krejcik Gaming,
New York is poised to become the largest active market for online
sports betting in the United States, generating over a billion
dollars in annual revenue at
maturity.
About FansUnite Entertainment
Inc.
FansUnite is a global sports and entertainment company,
focusing on technology related to regulated and lawful online
gaming and other related products. FansUnite has produced a
one-of-a-kind complete iGaming platform, with a sports and esports
focus geared for the next generation of online bettors and casino
players. The platform includes products for pre-match betting,
in-play betting, daily fantasy, content and a certified RNG to
produce casino style chance games. The platform operates multiple
B2C brands and B2B software for the online gambling industry.
FansUnite also looks to acquire technology platforms and assets
with high growth potential in new or developing markets. The
Company also provides technological solutions and services in the
global gaming and entertainment industries. Its technology includes
fixed/parimutuel odds, in-stream betting, live betting,
casino-style games, cryptocurrency wallet and news
content.
About American Affiliate
Inc.
American Affiliate is a U.S. pure play affiliate company
focused on generating new depositing customers for online
sportsbooks, casinos, daily fantasy and poker platforms. American
Affiliate is the only true omni-channel affiliate, covering both
retail and digital activation across the legal U.S. states.
American Affiliate owns and operates numerous brands,
including Betting
Hero, BetPrep,
Props
and Wagers and
is operated by a group of industry experts with decades of
experience in the U.S. and global gaming market.
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
Darius Eghdami, President of FansUnite
darius@fansunite.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS
SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE
FORWARD-LOOKING INFORMATION:
This news release contains certain statements that may
constitute forward-looking information under
applicable securities laws. All statements, other than those
of historical fact, which address activities, events,
outcomes, results, developments, performance or achievements that
FansUnite anticipates or expects may or will occur in
the future (in whole or in part) should be considered
forward-looking information. Often, but not always, forward-looking
information can be identified by the use of words such
as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such
words and phrases, or statements formed in the future
tense or indicating that certain actions, events or results "may",
"could", "would", "might" or "will" (or other
variations of the forgoing) be taken, occur, be achieved, or come
to pass. Forward-looking statements in this news
release include, but are not limited to, discussion of future plans
and ability to increase the Company's reach to different regulated
betting markets across the United States.
Forward-looking information are based on assumptions and
analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments,
including, but not limited to, expectations and assumptions
concerning: interest and foreign exchange rates;
capital efficiencies, cost saving and synergies; growth and growth
rates; the success in the online gambling and sports
betting industry; the regulatory environment applicable to online
gambling and sports betting; the technological
infrastructure and support needed to host the Company's online
gambling and sports betting platforms and
applications; any cryptocurrency applications to the Company's
business; and the Company's growth plan. While
FansUnite considers these assumptions to be reasonable,
based on information currently available, they may
prove to be incorrect. Readers are cautioned not to place
undue reliance on forward-looking information. In addition,
forward-looking information necessarily involve known
and unknown risks, including, without limitation, risks associated
with general economic conditions; risks associated
with the regulatory environments in the jurisdictions the Company
operates in; technology-related risks that could
adversely effect the Company's ability to operate its online
gambling and sports betting platforms and
applications, risks related to the novel coronavirus (COVID-19)
global pandemic and any effects it might have on the
Company's business thereto. Readers are cautioned that
the foregoing list is not exhaustive. For more information on
the risk, uncertainties and assumptions that could
cause anticipated opportunities and actual results to differ
materially, please refer to the public filings of
FansUnite which are available on SEDAR at www.sedar.com. Readers
are further cautioned not to place undue reliance on
forward-looking information as there can be no assurance that the
plans, intentions or expectations upon which they are
placed will occur. Such information, although considered
reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ
materially from those anticipated. Forward-looking information
contained in this news release are expressly qualified
by this cautionary statement and reflect our expectations as of the
date hereof, and thus are subject to change
thereafter. FansUnite disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise,
except as required by applicable law.
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https://wagers.com/news/analysis-new-york-sportsbook-operator-landscape-ahead-of-saturdays-launch/
