FansUnite Entertainment (FUNFF) skyrocketed nearly 13%. Does the future hold strong potential?

The online gaming firm FansUnite Entertainment Inc. (OTCQB: FUNFF) saw its shares surging 12.90% on Friday. With a rise of $0.20, the stock price has risen to $1.75 at the ring of the bell in the weekend session. The number of shares traded on the day remained 3.88M while the stock remained trading in a range of $1.5120 to $1.8800.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

What does the company do?

Discover Tomorrow's Stocks Today!

When it comes to discovering hidden gems within the stock market, Stock Wire News has consistently provided invaluable insights. Stock Wire News invites you to explore their upcoming Wealth Building Report. This report will shine a spotlight on little-known companies with the potential for substantial growth in 2024, and it's completely FREE for a limited time.

Claim the free report now by clicking here and start discovering the hidden gems of the market
Sponsored

FansUnite is an entertainment and sports company, with a focus on the development of new and related technologies around regulated and legal online gaming. One of FansUnite’s main businesses is operating the FansUnite Sportsbook and its UKisubsidiary, McBookie Limited, offering online gaming services through a website. Besides providing technology solutions and products, FansUnite also offers entertainment and gaming industry services. It focuses on the acquisition of high-growth potential platforms and assets in new and developing markets.

Read More

Recent developments and targets:

Scott Burton, the CEO of Fans Unite, explained in a recent presentation at the Wall Street Journal’s NEXT SUPER STOCK Livestream how the burgeoning online gaming market will result in exponential prospects for revenue growth.

  • The company has struck a new distribution contract with an online casino games aggregator setting the stage for significant growth in revenue.
  • FUNFF plans to extend its current line from three games to twelve within the next 12 months, targeting millions of potential online casino customers worldwide, thus adding several aggregators for each slot.
  • These figures will easily add up for each game that produces as much as $500,000 in revenue per month for FUNFF.
  • Such per online casino potential can come up with an ability to be in hundreds of online casinos for the company.
  • Prominent U.S. gaming law firm Ifrah Law PLLC has been engaged by FansUnite to assist it with its U.S. licensing strategy through collaboration with OneComply Inc.
  • FansUnite has therefore engaged Jeff Ifrah, the founder of Ifrah Rule, to offer advice on accelerating expansion in New Jersey and through numerous states in the U.S.
  • FUNFF engages the services of Ifrah Law PLLC, a prominent U.S. gaming law firm to collaborate with OneComply Inc. in assisting FansUnite with their U.S. licensing strategy.
  • S. gambling and casino operators have shown very positive interest on FansUnite’s sports betting and iGaming solutions.

    Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Future of online sports betting has much for FansUnite:

New markets are opening in North America, with online sports betting markets experiencing explosive growth. With New Jersey recently making over $1 billion in taxable revenue per month, more states seeking tax revenue are allowing sports betting and gaming. Canada may soon follow suit and allow sports betting with the passage of Bill C-218. All of this points toward a good growth potential for businesses operating in this industry segment.

Most Popular

Related posts