FansUnite granted UK gambling licenses for B2C and B2B businesses

(PRESS RELEASE) -- FansUnite Entertainment Inc. is pleased to announce today that its subsidiaries, Askott Entertainment Inc. and E.G.G. Limited, have been granted licenses from the U.K. Gambling Commission, enabling the Company to serve as a Business-to-Business technology provider and Business-to-Consumer operator in the U.K. online gambling market.

The UK is one of the world’s largest online betting markets. From 2019 to 2020, the UK gambling industry, which comprises 30.2 million registered adult bettors, generated a gross gambling yield of £14.26 billion.

Through its subsidiaries, FansUnite has received a remote gambling software license and remote betting license from the Gambling Commission. These licenses allow FansUnite to supply its B2B wagering platforms to U.K. sportsbooks and casino operators, and deliver its B2C betting solutions to the U.K. marketplace. The Company previously announced that it had submitted its license applications on 4 March 2021.

FansUnite already holds both B2B and B2C gaming licenses in Malta.“The approval of both the B2B and B2C licenses represents a significant milestone for us as we can now expand our operations to one of the largest online gambling markets in the world,” said Scott Burton, CEO of FansUnite. “The UK Gambling Commission’s approval of our application for these licenses opens the door for FansUnite to showcase the strength and robustness of our advanced technology in this market. As we enter our next phase of global growth, we will look to partner with betting operators in the United Kingdom and deployour wagering solutions to capitalize on the UK’s large population of online bettors.”