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Fansunite Entertainment Inc
Symbol FANS
Shares Issued 153,901,495
Close 2020-11-04 C$ 0.195
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Fansunite boasts of McBookie monthly revenue increase

2020-11-05 09:30 ET - News Release

Mr. Scott Burton reports

FANSUNITE ENTERTAINMENT BETTING PLATFORM ACHIEVES RECORD MONTH

Fansunite Entertainment Inc.'s wholly owned subsidiary McBookie Ltd. has closed out October with the highest increase in monthly revenue and gross margin in the company's 10-year history.

The United Kingdom Sportsbook set company records with triple-digit growth in multiple areas, led by a 433-per-cent increase in overall revenue compared to October, 2019, and a total gross win of $602,000 during the month. Much of the growth was attributed to the unveiling of McBookie's live casino games and increased activity in sports betting which resulted in $7.3-million in total betting volume being placed during the month.

Casino segment

McBookie's new Live Casino product, encompassing multiple tables and variations of blackjack, roulette and baccarat, all with live real dealers, garnered substantial interest from on-line bettors.

During the month

  • Betting volume was $5.1-million, an increase of 460 per cent as compared with October, 2019.
  • Gross win was $197,000 an increase of 679 per cent as compared with October, 2019.

Sports segment

McBookie added new features, including bet builder, which enables on-line bettors to fully customize and build their bets across any number of markets, and instantly receive a price on their desired wager. The user friendly feature combined with a full slate of English soccer fixtures and the Scottish National Soccer Team's presence in the prestigious UEFA European Championship qualifiers, helped propel the company to new financial heights.

During the month

  • Betting volume was $2.2-million, an increase of 188 per cent as compared with October, 2019.
  • Gross win was $405,000, an increase of 363 per cent as compared with October, 2019.

"Despite the global pandemic, McBookie had a record-breaking month of growth in October and demonstrated how seasoned operators can not only pivot their business during challenging times but still produce results that propel their business to new heights," said Scott Burton, chief executive officer of Fansunite Entertainment. "With sports now starting to come back and new products in their casino offering, we have full faith that McBookie will establish themselves as the preeminent on-line betting platform in Scotland and expand their footprint throughout the highly sought after U.K. gambling industry."

"We are very encouraged with the continued growth of the McBookie platform and continue to add new features to provide our customers with innovative solutions that will create a unique experience for them," said Paul Petrie, founder and director of McBookie. "With Serbia playing against Scotland in the European Championship soccer qualifiers, the U.S. Masters beginning in two weeks and the Scottish Cup final coming up in the next few months, sports are very much back in business and should see an increase in betting volume on our platform."

About Fansunite Entertainment Inc.

Fansunite is a global sports and entertainment company, focusing on technology related to regulated and lawful on-line gaming and other related products. Fansunite has produced a one of a kind complete iGaming platform, Chameleon Gaming platform, with a sports and e-sports focus geared for the next generation of on-line bettors and casino players. The platform includes products for prematch betting, in-play betting, daily fantasy, content and a certified RNG to produce casino style chance games. The platform operates multiple business-to-consumer brands and business-to-business software for the on-line gambling industry.

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