Money Line Sports to launch new streaming sports wagering platform with block chain technology in partnership with FansUnite
VANCOUVER, BC / ACCESSWIRE / May 18, 2021 / Money Line Sports Inc. today announced that the Company has signed an agreement with Fans Unite Entertainment Inc. (CSE:FANS), allowing Money Line Sports to be an approved white label partner and operator of the FAN's proprietary licensed wagering platform. The Companies will work together to combine the Money Line Sports newly developed streaming media OTT platform and content within the best of class FANS wagering platform enabled for online sports betting within legal jurisdictions. Both Companies are excited to announce the formation of the joint venture and anticipated launch of www.MoneyLineSports.tv before the upcoming professional football season.
The CEO's of both FANS and Money Line Sports have a proven track record of extensive industry expertise to revolutionize the online user experience of sports betting and online gaming within legal markets. The licensing agreement and joint venture will significantly increase the speed to market for the multi-functional gaming platform for both parties and creates meaningful early mover advantages for streaming sports content, interactive odds and sports betting with digital currency acceptance.
Founded in 2019 and launching in 2021, Money Line Sports, an Ontario based company is uniquely positioned within the European markets to provide premium streaming sports content and wagering technology for sports bettors seeking a truly interactive experience. Money Line's sports media platform will provide an enhanced experience for its users through original sports live streaming content, premium insights, live odds feeds and proprietary betting tools and data for sports betting utilizing the FAN's gaming platform already proven through millions of dollars of gaming transactions.
The Joint FANS and Money Line Sports platform will seek a diverse revenue model to include a subscription based pay for view model for premium sports content, syndicated television show, a rapidly-growing affiliate marketing business focused on customer acquisition for sports betting in the Europe and additional jurisdictions, as well as integrating the Company's exclusive digital currency partner "Bettor COIN" (BTUSD) and rewards coin "BOOKIE" ($BOOK) recently approved on the Etherium block chain. Bettor Coin will be utilized alongside most crypto currencies now accepted and recently announced on the FAN's platform as a payment option providing loyalty and rewards for conversion from PayPal and Fiat currency on the Money Line Network.
Additionally, Money Line Sports Inc. recently announced that it has signed an agreement with Zeu Technologies Inc., a publically traded company on the CSE and OTC Markets. The acquisition agreement allows for ZEU to acquire 100% of the shares in Money Line Sports Inc. as a wholly owned subsidiary. Completion of the Transaction is conditional on several conditions including completion of a definitive agreement, final due diligence, MoneyLine majority shareholders' approval with CSE approval expected to be completed in Q2 2021.
"We are extremely excited to partner with Fans Unite and benefit from their proprietary, best-in-class gaming technology platform, digital customer acquisition expertise, and approved operating gaming licenses in multiple jurisdictions. Together, we expect to create a one-of-a-kind wagering platform that we expect will raise the bar for the international sports betting market through a truly interactive and engaging sports betting experience. This move will quickly solidify Money Line's unique value proposition within the gaming sector providing subscription based live streaming sports, wagering in legal jurisdictions and the use of our licensed block chain digital currency "Bettor COIN" and player rewards coin "BOOKIE" ($BOOK) to improve KYC, AML and reduce credit card fraud as a soon to be publicly traded company," stated B. Michael Friedman, Founder of Money Line Sports Inc."
"The new digital betting portal will showcase FansUnite's advanced gaming applications that will be equipped with Money Line's top-tier streaming media solutions and robust sports content, resulting in a synergy that can capitalize on the betting interests of football fans and bettors," said Scott Burton, CEO of FansUnite. "Given the rising popularity of online gambling, we are pleased to be working with the Money Line team on creating the ultimate betting experience for sports enthusiasts through the new joint wagering platform, which will provide modern payment methods, integrated with Blockchain technology to accept cryptocurrencies."
The Market
A recent Grandview Research Report stated "The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market. In addition, factors such as easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements are also contributing to market growth. The growing availability of cost-effective mobile applications across the globe is further expected to fuel market growth".
By establishing a unique and interactive gaming platform with relevant best-in-class assets, both Companies believe the venture will be well-positioned to capture meaningful market share and will be the platform of choice for additional commercial partners in the future.
About MoneyLine Sports Inc.
Founded in 2019, and launching in 2021, Money Line Sports is uniquely positioned within the online gaming sector through its unique licensed platform to provide premium streaming sports content and wagering for sports bettors within legal jurisdictions. Money Line's sports media platform provides an enhanced experience for its users through original sports live stream content, premium insights, live odds and proprietary betting tools and data. Money Line's diverse revenue model includes a subscription based pay for view model and rapidly-growing affiliate marketing business focused on customer acquisition for betting operators in the Europe
About FansUnite Entertainment Inc.
FansUnite is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. FansUnite has produced a one of a kind complete iGaming platform, with a sports and esports focus geared for the next generation of online bettors and casino players. The platform includes products for pre-match betting, in-play betting, daily fantasy, content and a certified RNG to produce casino style chance games. The platform operates multiple B2C brands and B2B software for the online gambling industry. FansUnite also looks to acquire technology platforms and assets with high growth potential in new or developing markets. The company also provides technological solutions and services in the global gaming and entertainment industries. Its technology includes fixed/parimutuel odds, in-stream betting, live betting, casino-style games, cryptocurrency wallet and news content.
Contact Sean at sean@proactiveinvestors.com
About ZeU
ZeU is a forward-thinking Canadian technology company that has developed a state-of-the-art blockchain protocol, providing the foundation for the next-generation of encrypted and distributed networks. Thanks to its high level of sophistication, ZeU's technology maximizes transparency, security and scalability as well as big data management. ZeU's strategy is to monetize blockchain transactions in diverse sectors such as payment, gaming, data, and healthcare.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the timing for launching a new integrated offering in the U.S. market, expectations regarding the integration process, anticipated revenue synergies and the position of the combined company to drive long-term shareholder value, as well as statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate" and similar statements of a future or forward-looking nature. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.
Contact:
Money Line Sports
info@moneylinesports.tv
SOURCE: MoneyLine Sports, Inc.
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