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FansUnite Entertainment (FANS.C) enlists compliance firm, OneComply, to aid the bounce into American gambling jurisdiction

01/19/2021

Fansunite Entertainment (FANS.C) has forged a partnership with Vancouver-based compliance and licensing solution OneComply to offer advice on protocol and strategy on entering other legalized North American gambling hotspots today, according to a press release.

This moves comes shortly after the repeal of the Professional and Amateur Sports Protection Act (PASPA), which has orchestrated a steady stream of newly regulated potential gaming options across the broader United States gaming market. Companies need to file for access to each jurisdiction separately, obtaining operational licenses for each in order to set up shop. The disclosure filings can be thousands of pages in size, which can lead to both internal and external overhead creep. This partnership eases the strain.

“We are pleased to be partnering with OneComply as we look to tackle the North American gaming market. As a licensed betting and iGaming company, we understand how difficult and nuanced the licensing process can be. With the help of OneComply, we will be able to streamline the process to enter new North American markets and showcase our suite of gaming solutions to a broader audience,” said Scott Burton, CEO of FansUnite.

FansUnite is in the business of legal, technologically-aided online gambling. Their principle business are Sportsbook and the website of its subsidiary, McBookie, which offers online gaming services in the UK. FansUnite also provides technology solutions, produces and services in the gaming industry and is on the lookout for suitable platforms and other assets that will help further develop their potential in new and developing markets.

This move follows FansUnite’s June 2020 announcement of their acquisition of Askott Entertainment, in which they created one of Canada’s leading online gaming companies, specifically focused on sports betting, esports wagering, and casino games. A deal which Equity Guru’s own Chris Parry called, “Ego-free and genuinely accretive – you really don’t see many amalgamations like this.”

Source: stockwatch.com

FansUnite is up $0.08 on the day, and is presently trading at $1.18.

—Joseph Morton

Full disclosure: FansUnite Entertainment is an equity.guru marketing client.

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