HeadsUp Entertainment Closes Global Digital Lottery Transaction with LotteryHub
HeadsUp Entertainment International has announced that it has taken full control of the LotteryHub platform which has to date been servicing more than 4 million American users as a lottery information platform.
In the lead up to the transaction, HeadsUp has secured global partnerships to expand the LotteryHub brand globally and strategically position it as the leader of online sales for state and national lotteries.
HeadsUp has also announced that it has secured partnerships in Peru, Brazil, Mexico, Eastern Europe and Eastern Africa (including Nigeria) and has ongoing discussions to enable national and state lottery partners to enhance their online offering and sell official tickets globally. The secured partnerships will give LotteryHub access to an immediate 120 million international customer base upon release of existing partnerships.
“Access for global lottery operators utilize software such as LotteryHub is huge for all of our partners and in times of recession and tough economic conditions, the lottery and gaming sectors see unprecedent growth in market size and the ability for the HeadsUp line of products and services fast tracks the path to massive revenues,” Doug Wilson, President and CEO of HeadsUp, said.
“My decades of working in the lottery business have come to an incredible moment where new regulatory opportunities, technology and a global network of business relationship are converging to position HeadsUp to aggressively acquire strategic assets, close sales and distribution agreements and make a substantial amount of money in the business. When the market realizes what we have built, I believe this Company will experience massive growth that will translate into enhanced shareholder value that I am very proud to help create along with this exceptional management team. This is a perfect example of the right people, with the right products at the right time,” Mark Hutchinson, Chief Business Development Officer for HeadsUp, said.
