HeadsUp Entertainment International Inc. has entered into the final stage of negotiations to acquire a licensed online sportsbook and online casino platform.
HeadsUp revealed that is in the final stages of a deal to acquire between 50% and 100% of shares of the company, which has processed over $110m in wagers and reported over $5.2m in revenue in the past four years.
An LOI is expected to be completed in the next 2 weeks. A second acquisition, also in the Gaming sector has been targeted by management as well as plans to enter into a Licensing Agreement with a global media partner.
The Company reports that its total issued and outstanding shares remain unchanged over the past 4 years at 204,207,657 shares with total non-restricted shares also unchanged at 70,091,138. New members of the management team will be announced soon along with the upcoming expansion of global gaming operations in this quickly expanding sector.