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HeadsUp Entertainment International Inc. (OTCPINK: HDUP) announced the identification of an acquiring company to complete a Reverse Triangle Merger, aiming to transition to a high-tier exchange. The company is in a mandated quiet period under NDAs to consolidate its assets and finalize corporate finance agreements. Upcoming tasks include completing two years of audited financial statements and preparing a Registration Statement to meet exchange requirements, which also aims to remove a Cease Trade Order in Canada. Strategic partnerships and product launches are planned, with more details to emerge as disclosures are made.
HeadsUp Entertainment International Inc (OTCPINK: HDUP) has successfully finalized an agreement to become the operational partner for Emirates Draw products as of August 26, 2022. The operational website is now live, featuring multiple draws and lottery games. This agreement will enable HeadsUp to leverage existing technology and expand its global presence, targeting significant markets in India and South Africa. Revenue sharing and additional product opportunities are anticipated, marking a strategic growth initiative for the company.
HeadsUp Entertainment International (OTCPINK: HDUP) has completed a significant milestone in acquiring Spinola Gaming, a global lottery software provider. The acquisition allows HeadsUp to own 100% of Spinola, facilitating access to various regulated markets. Independent valuations estimate the deal's potential revenue at over $150 million, with acquisition values between $65 million and $72 million. Spinola's operations span key Latin American markets and upcoming launches in Africa and the UAE. This acquisition is pivotal for expanding HeadsUp's footprint in the online lottery space.
HeadsUp Entertainment International (OTCPINK: HDUP) has acquired full control of the LotteryHub platform, which serves over 4 million users in the U.S. This strategic move is aimed at expanding LotteryHub globally, establishing it as a leader in online lottery sales. With secured partnerships in several countries including Peru and Brazil, LotteryHub anticipates access to a customer base of 120 million internationally. The U.S. lottery market generated $94.9 billion in 2021, and globally, the lottery market is expected to grow from $350 billion to $450 billion by 2027.
HeadsUp Entertainment International Inc. (OTCPINK: HDUP) has formed a strategic marketing alliance with Centurion Fight Club Malta, a leading Mixed Martial Arts organization in Southern Europe. This partnership will utilize the GameChangerz media platforms to promote Centurion's upcoming events, starting with the 8th event on July 2, 2022, in Malta. They aim to develop an Interactive Sports Betting Lottery Game to enhance real-time wagering during events, creating lifetime revenue sharing opportunities. The collaboration is expected to enhance the sports experience and generate significant revenue streams for both companies.
HeadsUp Entertainment International Inc. (OTCPINK: HDUP) has announced the launch of multiple revenue platforms for regulated iGaming and sports betting in six US states and Ontario. The company has formed a partnership with Enteractive Media to produce content aimed at customer acquisition and has signed super affiliate agreements, notably with Casino Affiliate Partners. Projections estimate revenues of USD 1.3 million in the first year, reaching over USD 30 million by year four. The growth in the online gaming market is expected to be bolstered by the new licensed gaming initiatives in Ontario.
HeadsUp Entertainment International (OTCPINK: HDUP) announced a strategic plan involving multiple mergers and acquisitions aimed at consolidating into a new entity, HeadsUp Global Inc. The company is in negotiations for 8 transactions and plans to apply for NASDAQ listing based on asset values and revenues. CEO Doug Wilson highlighted the complexity of this strategy while expressing confidence in building substantial revenue. Chief Business Development Officer Mark Hutchinson emphasized the potential opportunities within the global gaming and lottery sectors. Further updates will be shared via press releases and social media.
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