Just recently, HeadsUp Entertainment International reported that it has shaken hands on an agreement to acquire Gaming Hive Ltd. The strategic purchase corresponds with the company’s objective to bolster technical solutions with top-notch capabilities. The two parties have been partners for quite a while, hence expectations are that it will be a prolific acquisition.
It should be mentioned, HeadsUp Entertainment is a prominent supplier of cutting-edge technical solutions to several industries and sectors. The company is famous for its innovative and customer-centric approach, while also aiming to deliver the best-in-class technologies that generate success and empower organizations all around the globe.
- Committing to Innovation
By adding the Gaming Hive platform and technologies to its services, Alberta-based HeadsUp Entertainment will further strengthen its commitment to delivering innovative and comprehensive technical solutions to its clientele. In addition to that, the acquisition will mark another important milestone for the company’s growth trajectory, and will further enhance its position in the markets.
Established by Dan Bream, Gaming Hive provide a robust fundraising and gaming platform via Software as a Service. Its technology empowers charitable organizations by supplying them with a comprehensive range of features and solutions. This includes donations, sweepstakes, auctions, 50/50 draws, event tickets, fundraising events, activity tracking, online stores and much more.
GH’s platform is hosted, maintained, and features dedicated technical support. It was also designed to facilitate the easy integration of more features, making it the foundation o this charity software ecosystem. Its aim is to constantly improve its offering to stay ahead of its counterparts, while also offering bespoke customization and website development services for its many clients.
In March, the company also gave an update on its previously announced Reverse Triangle Merger. It has now identified and has been identified by an acquiring company for the RTM. Also, the company has been in a mandated quiet period under a series of NDAs to finalize a series of corporate finance agreements to consolidate its assets.
The company’s staff now has to complete 2 years of audited financial statements, which comes after its January 31 year-end. It also needs to sort out Registration Statement to meet exchange requirements for the completion of the proposed transactions. This process will provide the information required by the Alberta Securities Commission to request the removal of the Cease Trade Order in Canada.
- AGLC Receives Court Boost
Recently, the Province of Alberta learned that an Alberta Court of Appeal ruled in favour of the Alberta Gaming, Liquor and Cannabis Commission regarding its iGaming platform. Tsuu T’ina Gaming and other communities argued that the Crown’s online platform PlayAlberta violated the law. However, the court said the province was in the right to launch iGaming activities.
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