- FansUnite Entertainment (FANS) has issued a statement in response to the passing of Bill C-218
- Bill C-218 enables lawful betting on individual sports events in Canada
- The legalization of Bill C-218 would provide additional employment opportunities, tax revenue, and a safe and regulated platform for betting
- FansUnite Entertainment is a global sports and entertainment company focused on online gaming technology
- FansUnite Entertainment Inc. (FANS) is down 16.26 per cent, trading at C$1.03 per share at 11 am ET
FansUnite Entertainment (FANS) has issued a statement in response to the passing of Bill C-218, also known as The Safe and Regulated Sports Betting Act.
The approval of this bill by both the House of Commons and the Senate will make it eligible to receive Royal Assent and become law, which would enable lawful betting on individual sports events in Canada.
“Today marks a historic milestone in the global gambling industry as Canada has taken a pivotal step forward in legalizing single-event sports betting,” said Scott Burton, CEO of FansUnite.
“The legalization of this bill will provide the Canadian economy access to additional employment opportunities, tax revenue, and a safe and regulated platform for betting options.
As a multinational i-gaming company, we have successfully launched brands and licensed our B2B technology in several jurisdictions, including Latin American and Europe,” continued Burton.
“This bill’s passing positions FansUnite to play a foundational role in the development of Canadian single sports betting and help shape the Canadian sports betting marketplace. We are ready, eager, and well positioned to continue our successful global expansion strategy right here on our own home soil.”
FansUnite also wants to thank Paul Burns and the Canadian Gaming Association for all of their efforts to help Bill C-218 pass.
FansUnite Entertainment is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products.
FansUnite Entertainment Inc. (FANS) is down 16.26 per cent, trading at C$1.03 per share at 11 am ET.
