FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “FansUnite Entertainment Inc. Introduces McBookie Ltd Acquisition.”
FansUnite Entertainment Inc. (OTC: FUNFF) (CSE: FANS) a sports and entertainment company, is pleased to introduce the acquisition of McBookie Ltd., a leading provider of regulated betting services in the United Kingdom. The recent acquisition of McBookie provides a strong foundation for the future of FansUnite as the Company continues to look to consolidate assets in leading regulated gaming jurisdictions such as the U.K.
FansUnite is a sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. 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.
The increasing popularity of online gambling is attributed to several factors, such as advancements in the field of digital marketing, wider availability of modern technology as well as easy-to-use systems. In recent years, the global online gaming market expanded to represent one of the fastest growing segments of the gambling industry. Despite legal restrictions, regionally and country wise, in 2018 the market already produced more than USD 48.9 Billion in worldwide revenue and is projected to expand past USD 134.5 Billion by 2027, according to data provided by Transparency Market Research. Relaxation of laws and regulation across the globe for online gambling is anticipated to further drive the market further. And from the various segments associated with online gambling, it is the sports betting segment that is expected to expand at a substantial pace.
The most significant boost to the sports betting segment is attributed to the usage of smartphones, which allow bettors to bet at anytime and anywhere. In addition, innovative technologies such as Blockchain, Internet of Things (IoT) and VR are changing the intricacies in many fields including gambling in an online casino. Blockchain, for example, helps the market address some major concerns regarding online gambling. A lot of online casinos and online gambling sites have been accused of not being transparent, hiding details on internal mechanisms and the methods for their dealings. With blockchain technology, everyone will be able to see exactly what is going on behind the scenes. Blockchain can potentially help in preventing fraud and greatly increasing the trust people having in online gambling services.
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