Mission NewEnergy Limited (ASX:MBT) (OTCMKTS:MNELF) announces today that the proposed acquisition between Playup and 123gaming, as announced on August 1, 2018, has failed to proceed.
Mission NewEnergy Limited
Mission NewEnergy Ltd (ASX:MBT) (OTCMKTS:MNELF) is an Australian Securities Exchange ("ASX") listed company.
Mission NewEnergy Limited (ASX:MBT) (OTCMKTS:MNELF) announces today that PlayUp Limited has not paid MBT amounts owed under the terms of the agreement as announced on October 3, 2018. As a result of this non-payment, MBT has briefed its lawyers to recover the debt by all means necessary and review the status of the contract in light of PlayUp's default.
The PlayChip Foundation has announced the listing of its PlayChip token on Independent Reserve, Australia's first regulated cryptocurrency exchange.
Draftstars, one of Australia's most recognised fantasy sports platforms, has been launched in one of the fastest growing fantasy sports markets in the world. Draftstars India drew 2300 registrations in its first week of operation, with tens of thousands of Rupees being paid out in its initial few days.
PlayChip, the Universal Gaming Token, has announced its decision to forego its public token sale after entering a number of strategic business partnerships, as well as incentivising token utilisation amongst its active user base.
Mission NewEnergy Limited (ASX:MBT) (OTCMKTS:MNELF) provides the Company's Annual Report to shareholders.
PlayUp is gearing up to deliver the world's first online gaming ecosystem with a native token and exchange on December 19th. The PlayChip token, currently in use and available to their user base of over 1,000,000, will be one of the world's first to have genuine utility value prior to its listing date.
The PlayChip has continued its heavy role in sports sponsorships, with the Universal Gaming Token adding highly-regarded striking coach Owen Roddy, amongst other members of Team McGregor, to its team of ambassadors. The company is also negotiating an ambassador role with McGregor himself.
PlayChip, the Universal Gaming Token, has announced the appointment of prominent Australian businessman Brett King to their advisory board.
A record-breaking prize pool was paid out to more than 1600 savvy punters by Australia's biggest fantasy sports platform, Draftstars, following the conclusion of the AFL Grand Final. The final capped the biggest year in the platform's history, after being acquired earlier in the year by fellow Australian fantasy sports operator PlayUp.