FansUnite Entertainment Inc. (OTCQB: FUNFF) (CSE: FANS) CEO Scott Burton today issued the following statement regarding legislation that was introduced by the Federal Government to legalize single-event sports betting in Canada.
The proposed federal government legislation will give provinces and territories in Canada the discretion to offer single-event sports betting products and manage single-event sports betting either online or in a physical facility in their respective jurisdictions.
“We are pleased that the federal government has decided to introduce legislation to legalize single-event sports wagering in Canada,” said Scott Burton, CEO of FansUnite Entertainment. “This is the first important step to making sports betting competitive in this country, followed by the potential for outside operators to participate in the Canadian market. With our team and global experience in regulated jurisdictions, we are positioned to capitalize on this opportunity if and when it happens.”
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, Chameleon Gaming 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.