The initial two-year agreement represents the biggest shirt sponsorship deal in the Clarets’ history.
Burnley chairman Barry Kilby told the club’s official website: “We are delighted and proud to have secured Fun88 as our shirt sponsors for the 2010/11 and 2011/12 seasons.
“This multi-million-pound deal is clear evidence of the global appeal of Burnley Football Club as a result of our Premier League status.
“We had discussions with many top international companies, expressing an interest in getting involved with the club.
“But we feel the special relationship we have enjoyed and established with Fun88 will be one that is hugely beneficial to both parties.
“We look forward immensely to working with them on several exciting ventures over the next two years.”