Canadian team of financial advisors, Mackie Research Capital, estimated a target price of a single FansUnite Entertainment Inc. share at $0.55. Mackie team considered it was a speculation.
The company now expands B2B contracts and B2C platforms. Other further catalysts of the speculative purchase are new coming licenses, acquisitions and total growth of revenue.
On August 11, FansUnite acquired Askott Entertainment Inc., a former leading provider of esports games. Mackie noted that the acquisition resulted in building a leading online gaming company in Canada.
Now FansUnite obtains two brands with B2B solutions: Chameleon providing iGaming turnkey offers for launch of new sportsbooks; and a service developer of randomized casino games, Askott Games.
The biggest sports betting company has almost completed getting B2B and B2C licenses from the Malta Gaming Authority. Now it’s in the process of requesting another license from the UK Gambling Commission.
In addition to the acquisition, FansUnite became a partner of GameCo LLC, manufacturer of gambling platforms in the US, on September 2, 2020.
The analysts from Mackie see a potential in FansUnite for the reason of their growing technology, team, and of course experience of becoming the leader in the Internet gaming industry.
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