Business
HeadsUp Entertainment Closes Global Digital Lottery Transaction with LotteryHub
HeadsUp Entertainment Closes Global Digital Lottery Transaction with LotteryHub.
About this update from Headsup Entertainment International, Inc.
[{"type":"text","content":"\n\n\n\nHeadsUp Entertainment Closes Global Digital Lottery Transaction with LotteryHub\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nHeadsUp Entertainment Closes Global Digital Lottery Transaction with LotteryHub\nCanada NewsWire\nCALGARY, AB, June 30, 2022\n\n\n\nCALGARY, AB, June 30, 2022 /CNW/ - HeadsUp Entertainment International Inc. (OTCPINK: HDUP) is pleased to announce it has now taken full control of the LotteryHub platform which has to date been servicing more than 4 million American users as a lottery information platform.\nIn the lead up to the transaction, HeadsUp has been active in securing global partnerships to expand the LotteryHub brand globally and strategically position it as the leader of online sales for state and national lotteries.\nHeadsUp is also announcing 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\nThe US lottery market in 2021 generated $94.9 Billion in revenue from lottery ticket sales. The Global Lottery market currently generates approximately $350 Billion in revenues and is set to grow to $450 Billion by the year 2027. LotteryHub aims to assist lottery partners in their online growth strategy with its integrated digital portal as a Digital Lottery Concierge Service.\nLotteryHub aims to improve its current offering by expanding its offering into online sales across various US state markets as regulations change over the coming years and improve its market share as it moves into new markets. Globally, LotteryHUB aims to utilize the success of its online presence to expand the brand globally into new markets to act as an online retailer and software platform for National and State based lotteries who see the need to go online and take advantage of the shift in online commerce since he onset ...