Heavy Chips is a fully operational online gaming site with over 800 popular casino games and over 5,000 sports betting opportunities every day on sports such as football, tennis, basketball, and more. In total, Heavy Chips provides access to live dealer games, casino slots, arcade casino games, and sports betting. Currently, Heavy Chips has over 240,000 registered players on its website.
Under the terms of this acquisition for the purchase of 100% of Heavy Chips, Alpha will pay Gamesoft C$300,000.
Interim CEO, Matthew Schmidt, said: “The acquisition of an online gaming site such as Heavy Chips will be a major milestone for Alpha in many ways. We will now be active in the adult gaming space, a space we feel has tremendous potential to help the company increase shareholder value. Ultimately, we believe Heavy Chips certainly provides value in a number of ways including revenue, an expanded global userbase, and further operational expansion into Europe.”
CEO of Gamesoft Ltd, Maxim Terehovich, commented: “We built a very strong platform in Heavy Chips and will continue to help Alpha maximize on the growth potential it has. Heavy Chips has especially seen a lot of growth in the last several months and we expect this will continue under the ownership of Alpha.”