Charges to Online Poker Companies in U.S. Create Substantial Opportunity for Canadian Poker Tour
April 18 2011 - 8:00AM
HeadsUp Entertainment International Inc. (Pink Sheets:HDUP)
operators of the Canadian Poker Tour, Canadian Poker Player
Magazine and the Canadian Poker Player Television Network have been
examining the effects of charges issued Friday against 3 major
online poker companies. A major shift in the business model of
poker is underway and has begun to play into the hands of HeadsUp
Entertainment and the strategies management has implemented.
Over the past 6 six years, HeadsUp Entertainment has been
developing relationships and business operations with land based
casinos in Canada and Internationally. By operating in this
sector and hosting poker events that are licensed and sanctioned by
regional governing bodies, it has avoided the potential short term
gains associated with the unregulated online sector and positioned
it for opportunities that now become the mainstream revenue sectors
of the tournament poker market.
Given the effects of major changes in the poker industry,
HeadsUp and its Canadian Poker Tour brand are accelerating changes
to its tournament model and television production operations to
quickly take advantage of a new market that is well positioned to
substantially increase the market for its events. The company
will immediately be building a series of new proprietary events
that have been the backbone of the revenues generated by the
company and will be announcing a new television model in the coming
weeks.
Management expects to see its market size and resultant revenues
increase exponentially over the coming months and a full re-launch
of the CPT model is forthcoming.
About HeadsUp Entertainment International Inc.
HeadsUp Entertainment International Inc. is a global media and
entertainment company engaged in the creation of branded
entertainment through the development, production and marketing of
televised programming based on poker and other entertainment
themes. For more information see the Company's website
www.headsupentertainment.com.
Forward-Looking Statements:
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, not guarantees of
HeadsUp Entertainment International Inc.'s future operational or
financial performance, and are subject to risks and uncertainties.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Due to the risks and uncertainties, actual events may
differ materially from current expectations. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: HeadsUp Entertainment International Inc.
Investor Relations
Kelly B. Kellner
(403) 269-9039
Website: www.headsupentertainment.com
HeadsUp Entertainment (PK) (USOTC:HDUP)
Historical Stock Chart
From Jun 2024 to Jul 2024
HeadsUp Entertainment (PK) (USOTC:HDUP)
Historical Stock Chart
From Jul 2023 to Jul 2024