HeadsUp Entertainment International is in the final stage of negotiations to acquire a licensed online sportsbook and online casino platform.
It is expected to acquire between 50 and 100 per cent of the shares of 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 two 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 remains unchanged over the past four 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.
