Business
HeadsUp Partners with LOTIX to Launch US Sports Book and Lottery Operations
HeadsUp Partners with LOTIX to Launch US Sports Book and Lottery Operations.
About this update from Headsup Entertainment International, Inc.
[{"type":"text","content":"\n\n\n\nHeadsUp Partners with LOTIX to Launch US Sports Book and Lottery Operations\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 Partners with LOTIX to Launch US Sports Book and Lottery Operations\nCanada NewsWire\nLAS VEGAS, Oct. 29, 2020\n\n\n\nLAS VEGAS, Oct. 29, 2020 /CNW/ - HeadsUp Entertainment International Inc. (Pinksheets: HDUP.PK) is pleased to announce that it has entered into a joint venture marketing agreement with LOTIX LLC to pursue multiple sportsbook and lottery opportunities in the US and globally.  \nLOTIX is a licensed provider of world class gaming and payment technology including lottery, sports betting, central monitoring systems, social and wireless gaming, skill games, online casino, retail shops, sweepstakes and other gamification products and services to operate and develop todays modern gaming ventures.\nAs a leading content and B2B sportsbook provider, LOTIX brings one of the first ventures to the partnership, an opportunity to aggressively enter the US online gaming market through the acquisition of state licenses and launch operational platforms to multiple US states.  \nA 30+ year veteran in gaming & payment technologies, the LOTIX Sportscloud Platform shall be integral to HeadsUp's expansion in the U.S. and overseas markets; alongside the pioneering, PlayPay digital wallet, \"betting is akin to seepin' a martini in paradise,\" said Bil Liu, CEO & co-founder.\nWith the immediate launch of operations in the US, HeadsUp will be positioned to monetize the industry using its preferred, player proven and market ready platforms with sustainable game content and self-service betting technologies.  Compliance requirements have created the need for HeadsUp to restructure its plan to acquire offshore operating assets including VIP Entertainment and replace it with a revenue sharing marketing agreement which has been completed with a \"go to market\" digital campaign that is beginning this week.\n\"The market is massive … in the billions\" commented HeadsUp's Chief of Business Development Mark Hutchinson. ...