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HEADSUP ACQUIRES FANLOGIC
HEADSUP ACQUIRES FANLOGIC
Ticks boxes for online gambling sector expansion strategy.
Calgary-based HeadsUp Entertainment International Inc. (HeadsUp) has acquired the assets of daily fantasy sports, eSports and social gamification platform provider FanLogic LLC.
The acquisition forms part of HeadsUp’s global expansion initiative into the sports, eSports, poker and social gaming sectors and is expected to generate revenue through marketing contracts with major brand partners, sports teams, charities and direct user engagement, the company said.
Through the Asset Contribution Agreement, HeadsUp issued 60 million restricted shares at a price of $0.06 per share as consideration for the technology, infrastructure and management team of Fanlogic.
HeadsUp is engaged in the creation of branded entertainment through the development, production and marketing of televised programming based on poker and other entertainment themes.
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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