FansUnite Boosts U.S. Presence with American Affiliate Purchase
Sports betting and iGaming technology supplier FansUnite Entertainment has announced a definite deal that will see it acquire the brands and businesses of American Affiliate - a gambling affiliate focused on creating gaming technologies for the industry.
FansUnite will pay $58.2m to complete its purchase of the gambling affiliate business. FansUnite takes this huge business step hoping that American Affiliate would help consolidate and strengthen its presence in the U.S. online betting market.
This transformative transaction will provide us further access to the lucrative U.S. regulated sports betting and online gambling market while generating accretive, high-margin revenue, expanding our leadership team, and accelerating the growth of our company's footprint in the global gambling market.
American Affiliate is dedicated to generating new customers for legal sportsbooks, online casinos, online poker sites, and adjacent products in the American gambling market.
From its inception to date, the company has garnered over 150,000 new depositing customers for major US brands like DraftKings, WynnBet, Underdog Fantasy, and FanDuel. Its portfolio of affiliate brands includes top names like Betting Hero, BetPrep, and Props.com.
We anticipate unprecedented near-term growth as legal online betting continues to expand into new states and new products. Joining with FansUnite was key to our strategy of aggressively scaling our business to meet that opportunity head-on.