GLI-33 certification provides wide credibility to recipients, enabling FansUnite to meet U.S. event wagering system standards for its betting technology platform
Vancouver, British Columbia–October 5, 2022- FansUnite Entertainment Inc. (TSX: FANS) (OTCQX: FUNFF) (“FansUnite” or the “Company”) is pleased announce it has obtained GLI-33 Event Wagering Systems certification (the “Certification”) from Gaming Laboratories International (GLI ®) for its Chameleon Platform as a Service sportsbook solution (the “Product”).
GLI is an internationally recognized independent testing laboratory that provides compliance testing, auditing, regulatory advisory and certification services for all forms of regulated gaming, including iGaming and sports betting. They are recognized and trusted by gaming regulatory agencies around the world. The GLI-33 standard represents comprehensive and rigorous technical requirements for sports and event wagering systems, which is compliant with the legal requirements of various betting jurisdictions in the United States. As a result, the Certification enables FansUnite to meet compliance requirements of U.S. gaming regulators and provides credibility to the Company as a technology supplier within the U.S. sports betting industry.
The Product is installed and managed by FansUnite while clients that utilize this offering will be given access to the back-office reporting and management tools. As part of its GLI-33 certification, the Company successfully underwent a stringent evaluation process for the Product which included, but was not limited to, the following:
- Software and System Version Control
- Sportsbook System Evaluation
- Player Account Management (PAM) Platform Evaluation
- GLI-33 Specific Evaluation
The specific scope of enumerated requirements from the GLI-33: Event Wagering Systems technical standard were as follows:
- Chapter 2: System Requirements
- Chapter 3: Wagering Device Requirements
- Chapter 4: Event Wagering Requirements
“The GLI-33 certification validates the robustness of our technology infrastructure as it allows us to be recognized by U.S. gaming regulators and operators as a trusted supplier for sports and event wagering solutions,” said Scott Burton, CEO of FansUnite. “As part of our U.S. licensing and expansion strategy, we intend to expedite the process of entering into the U.S. gaming market and this includes being compliant with GLI standards. I would like to recognize and thank the development team at FansUnite for achieving this milestone as we continue to lay the groundwork to expand across the United States.”
“The FansUnite development and compliance team came prepared, and worked conscientiously with the GLI test team throughout both the pre-certification and certification testing phases,” said Salim L. Adatia, GLI’s Vice President of Client Services for North America. “FansUnite’s diligence and cooperation ultimately contributed to the efficiency and success of their GLI-33 evaluation project.”
About FansUnite Entertainment Inc.
FansUnite is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming. FansUnite’s one-of-a-kind iGaming platform Chameleon offers operators a full suite of gaming solutions with a sports and esports focus geared for the next generation of online bettors and casino players. Along with providing B2B technology solutions, FansUnite operates multiple B2C brands, such as Scottish sportsbook McBookie and Brazilian esportsbook VamosGG, and produces casino style slot games under its Askott Games subsidiary. FansUnite is the parent company of North American-focused American Affiliate Co., which operates leading affiliate brands such as Betting Hero, Props.com, and BetPrep.
For further information, please contact:
Prit Singh, Investor Relations at FansUnite
Scott Burton, Chief Executive Officer of FansUnite
Darius Eghdami, President of FansUnite
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “believes,” “belief,” “expects,” “intends,” ”anticipates,” “potential,” “should,” “may,” “will,” “plans,” “continue” or similar expressions to be uncertain and forward-looking. Forward-looking statements may include, without limitation, statements relating to the future compliance and certification with GLI-33 Standards; GLI being a large and widely accepted testing laboratory; efficacy of testing to allow for delivery of products to States and Provinces; expansion of FansUnite into the U.S. market; FansUnite’s ability to fulfill technology needs with its platform; business development plans of FansUnite; the Company’s unique portfolio of assets; and discussion of future plans, projections, objectives, estimates and forecasts and the timing related thereto. Forward-looking statements are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of FansUnite to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Additional information regarding the risks and uncertainties relating to the Company’s business are contained under the heading “Risk Factors” in the Company’s Non-Offering Prospectus dated March 27, 2020 filed on its issuer profile on SEDAR at www.sedar.com and risks related to global pandemics, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and influence of macroeconomic developments. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The forward-looking statements in this news release are made as of the date of this release. FansUnite disclaims and does not undertake to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.