- FansUnite Entertainment (FANS) has been granted U.K. gambling licenses for B2C and B2B businesses
- The licenses enable FansUnite to deliver its gaming tech to casinos and sportsbooks and serve as a B2C operator in the U.K. online gambling market
- The U.K. reported 30.2 million registered adult bettors in 2019
- FansUnite is a global sports and entertainment company focused on technology related to regulated and lawful online gaming
- FansUnite (FANS) is up by 14.29 per cent and is currently trading at $0.80 per share
FansUnite Entertainment (FANS) has been granted U.K. gambling licenses for B2C and B2B businesses.
The company’s subsidiaries, Askott Entertainment and E.G.G. Limited were granted the licenses from the U.K. Gambling Commission, enabling FansUnite to deliver its suite of iGaming products to casinos and sportsbooks and serve as a B2C operator in the U.K. online gambling market.
The U.K. is one of the world’s largest online betting markets. From 2019 to 2020, its gambling industry generated a gross gambling yield of £14.26 billion across 30.2 million registered adult bettors, according to Business Telegraph.
Scott Burton, CEO of FansUnite, commented,
“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. The U.K. 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 deploy our wagering solutions to capitalize on the U.K.’s large population of online bettors.”
FansUnite is a global sports and entertainment company focused on technology related to regulated and lawful online gaming.
FansUnite (FANS) is up by 14.29 per cent and is currently trading at $0.80 per share as of 12:51 pm ET.