FansUnite Entertainment Inc.(OTCQX: FUNFF) (CSE: FANS) (“FansUnite” or the “Company”) CEO Scott Burton issued the following statement after the announcement by iGaming Ontario (“iGO”), a subsidiary of the Alcohol and Gaming Commission of Ontario (“AGCO”), that the province will be launching a new regulated online gaming market on April 4, 2022.
“The launch of an online gaming market in Ontario represents a major milestone for the entire Canadian gaming industry,” said Scott Burton, CEO of FansUnite. “We have been proponents of the legalization of online betting across Canada and we are pleased to see the significant progress made over a short period of time. We will continue to work with the AGCO in completing our application process in order to capitalize on this new exciting opportunity.”
FansUnite has formally submitted an application to the AGCO to become a fully registered Gaming Related Supplier – Manufacturer in Ontario. The application is currently under review by the AGCO.
The establishment of the new online gaming market is intended to protect consumers in Ontario and provide them with a wider selection of iGaming products. Gaming operators must register with the AGCO and execute an operating agreement with iGO to be able to offer their games in Ontario as an agent of the province once the market is launched.
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.