FansUnite Entertainment Releases Financial Results
On 14 April, FansUnite issued its corporate update and financial record for Q1 2021.
FansUnite Entertainment, a sports entertainment company that provides a range of sport-related gambling products, has issued its first-quarter 2021 financial results. The corporate update was published on 14 April and shows a significant growth of its fiscal numbers, with revenue hitting new heights. The income growth saw a 136% surge in revenue for McBookie and a CA$28,3 million worth of betting volume.
First Quarter Results
For the first quarter of 2021, the company massively improved its numbers on sportsbook and McBookie platforms and even set a few records. The platform has reported a CA$982,000 gross gaming revenue (GGR), which is an impressive 136% rise compared to the same quarter of 2020. The total volume of bets placed via the online platform has exceeded CA$28 million.
During the Q1 prime-time betting volume, the online platform reported a significant rise in unique customers, amounting to over 1,000 individuals. Additionally, during the peak period, 23,000 weekly bets have been placed by the casino’s players. This is by far the most significant number of bets since the company began operations in 2009.
Previously, FansUnite applied for the necessary UK Gambling licenses, which are considered the gold standard for sports wagering. The company has also launched an eSports sportsbook beta test with the Sky Ute Casino, and it awaits its final approval. Additionally, FansUnite subsidiary, Askott Games, has successfully finished its integration with The Ear Platform.
CEO of FansUnite, Scott Burton, has commented on the company’s successful first-quarter results. According to him, the results are vital for the company’s development, paving the way to new milestones. Burton noted that the company’s recent achievements, such as the McBookie record-breaking numbers, and the new partnerships, will additionally cement the company’s position in the iGaming sector.