PlayUp Stock Market Press Releases and Company Profile

View in Other Languages PlayUp Accelerates U.S. Market Growth with Strategic Investment and Bolstered U.S. Executive Team PlayUp 通过战略投资和加强美国执行团队加速美国市场增长 PlayUp beschleunigt US-Marktwachstum mit strategischen Investitionen und verstärktem US-Führungsteam PlayUp acelera o crescimento do mercado dos EUA com investimento estratégico e equipe executiva reforçada dos EUA PlayUp acelera el crecimiento del mercado de EE. UU. con una inversión estratégica y un equipo ejecutivo de EE. UU. reforzado PlayUp accélère la croissance du marché américain avec un investissement stratégique et une équipe de direction américaine renforcée PlayUpは、戦略的投資と強化された米国エグゼクティブチームにより、米国市場の成長を加速します PlayUp Mempercepat Pertumbuhan Pasar A.S. dengan Investasi Strategis dan Dukungan Tim Eksekutif A.S. PlayUp, 전략적 투자 및 강화된 미국 경영진으로 미국 시장 성장 가속화 PlayUp ускоряет рост рынка США за счет стратегических инвестиций и поддержки исполнительной команды США PlayUp เร่งการเติบโตของตลาดสหรัฐด้วยการลงทุนเชิงกลยุทธ์และสนับสนุนทีมผู้บริหารของสหรัฐ 
PlayUp Accelerates U.S. Market Growth
PlayUp Accelerates U.S. Market Growth

Las Vegas, NV, Jan 21, 2022 AEST (ABN Newswire) - Following the appointment of well known industry authority, Mr Dennis Drazin to the role of U.S. Chairman, PlayUp is pleased to announce the appointment of Mr Art Hamilton as USA Chief Financial Officer. Mr Hamilton brings to PlayUp significant U.S. based experience in mergers and acquisitions, business development, financial budgeting, strategic planning, IFRS and U.S. GAAP, growth strategies, project and program management and business analytics. He previously worked with wagering veteran and PlayUp shareholder Matt Davey at NYX Gaming Group that listed on the TSX, acquired OpenBet and ultimately sold to Scientific Games.

Strategic investment

PlayUp has secured an investment of USD $35.0 million from Sam Bankman Fried's crypto exchange, FTX in Q4 2021. This financing round will be used primarily to accelerate PlayUp's U.S. market access. In addition to their investment in PlayUp, FTX has been actively investing in partnerships and endorsement deals in the sports and esports arena over the past twelve months.

FTX Head of Product, Ramnik Arora said, "We are delighted to have an investment in PlayUp" and "we believe PlayUp is at a pivotal moment in its corporate journey."

U.S. market entry data

Momentum continues to grow following PlayUp's October launch into the New Jersey sports betting market, with recent Eilers & Krejcik reports indicating PlayUp achieved 0.6% market share in its first month, placing it in the top 10 operators within the state.

U.S. market access progress

PlayUp has made significant progress with U.S. market access over the past twelve months and will be announcing several new market access deals now finalised in January 2022.

PlayUp Global CEO Daniel Simic said "We are very happy with the progress of our U.S. market entry. The recent investment by FTX will assist PlayUp in accelerating its U.S. market opportunities and grow our global sports betting and wagering presence."


About PlayUp

PlayupPlayUp is a next generation entertainment and technology group that enriches the lives of its clients by providing an entertaining, rewarding, and responsible online betting service. At its core, PlayUp develops innovative betting technologies in-house to power its brands and deliver world-class user experiences. Its energies are focused on fulfilling the needs of dedicated and passionate users who seek a deeper connection to the games they play.
 
PlayUp's mission is to unify online betting into one platform inclusive of Sports Betting, Fixed-Odds Racing (Horses and Greyhounds), iGaming, Esports and Daily Fantasy Sports (DFS) where it now hosts Australia's largest and indeed some of the world's biggest prize pools in competitive peer-to-peer online betting.
 
The company holds online betting licenses in multiple jurisdictions and currently operates in Australia, New Zealand, India and several regulated USA states.

https://twitter.com/PlayUpGlobal https://www.facebook.com/playupglobal/ https://www.linkedin.com/company/playup-ltd abnnewswire.com 


Contact

Press inquiries:
Kevin Smith
Chief Marketing Officer, PlayUp
Kevin.Smith@PlayUp.com


ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 21) (Last 30 Days: 79) (Since Published: 18976) 

View in Other Languages 189764363417139003817334031193081293926122548 (52866)

googlechart