FansUnite has released a report on overall 2023 performance.

FansUnite shared a year end update. They restructuredselling BetPrep in Feb for a 30% revenue share and McBookie and Chameleon Gaming Platform in May for $5m and $10m.

DragonBet moved from Chameleon in Sep, marking the end of B2B licensing. The team dedication was praised by Burton.

Financialy a $3.04m placement in Mar and Q3 $1.1m EBITDA and 63% gross margin were highlighted.

 

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It's great to hear about the year-end update from FansUnite and the restructuring they underwent. The fact that they were able to sell BetPrep and McBookie as well as the Chameleon Gaming Platform shows their strategic approach to focusing on their core business. Selling BetPrep for a 30% revenue share indicates that they still have an interest in its success, which could be beneficial in the long run.

The move of DragonBet away from the Chameleon Gaming Platform is an interesting development. It seems like FansUnite wants to streamline their operations and possibly have more control over their offerings. This could be a positive step towards more integrated and efficient services.

CEO Scott Burton's praise for the team's dedication is definitely a significant factor in FansUnite's overall performance. When employees are committed and passionate about their work, it has a direct impact on the success of the organization. It's great to see that the team's hard work is being acknowledged by the CEO.

In terms of financials, the $3.04 million placement in March and the Q3 $1.1 million EBITDA are noteworthy achievements. These figures indicate that FansUnite has been able to secure funding and generate profit, which is essential for sustained growth and expansion. The 63% gross margin also indicates that they have been able to effectively manage their costs and generate revenue.

Overall, it seems like FansUnite has made some strategic moves, sold non-core assets, and focused on their core business. This, combined with their financial achievements and team dedication, bodes well for their future prospects. It will be interesting to see how they continue to evolve and perform in the coming years.