HeadsUp In Discussions With Poker Companies

March 18, 2010 by lesley
Filed under Poker News

HeadsUp Entertainment is currently negotiating with one of the world’s largest poker companies to either co-brand the Canadian Poker Tour or arrange an outright purchase of the poker tournament.

The deal will require due diligence on both parts, and there are numerous conditions that must be fulfilled, but if it happens, it will be big news. The Canadian market is believed to be the second largest poker markets in the world, and HeadsUp Entertainment have cornered a massive slice of that market, as the onwers of the Canadian Poker Tour, Canadian Poker Player Magazine, and the Canadian Poker Player Television Network.

Kelly Kellner, HeadsUp Entertainment’s CEO, said “Over the next 12 months we will manage more than 550 casino-based events in Canada, Costa Rica, the Dominican Republic, and our Poker Super Cruise, which will attract some of the best poker players in North America. As a result of our relationships with the casinos, some of them exclusive, the online poker company wishes to go unnamed at this time. As the online poker market becomes more competitive, our brand name and ourmarket become more and more valuable. As a result of these negotiations, the numbers here can get very large, very quickly.”

We will keep you updated as more news of the deal unfolds.