In recent news, the New Jersey Division of Gaming Enforcement (NJDGE) has suspended the license of PlayUp, an online sports betting and gaming platform. Despite this, PlayUp has announced that their acquisition plans remain unaffected by the suspension.
PlayUp is a leading online sports betting and gaming platform that operates in Australia, New Zealand, India, and the United States. The company has been in the process of acquiring a number of other companies in order to expand its operations.
The NJDGE suspended PlayUp’s license due to concerns about the company’s compliance with state regulations. The suspension was effective immediately and will remain in effect until the NJDGE is satisfied that PlayUp has addressed all of its concerns.
Despite the suspension, PlayUp has stated that their acquisition plans remain unaffected. The company has stated that they are continuing to pursue their acquisition plans and that they are confident that they will be able to address the NJDGE’s concerns in a timely manner.
PlayUp has also stated that they are committed to providing a safe and secure environment for their customers and that they are working closely with the NJDGE to ensure that they are in full compliance with all applicable regulations.
The suspension of PlayUp’s license is a reminder of the importance of compliance with state regulations. It is also a reminder that companies must be prepared to address any issues that arise in a timely manner.
Overall, PlayUp’s acquisition plans remain unaffected by the suspension of their license in New Jersey. The company is continuing to pursue their acquisition plans and is confident that they will be able to address the NJDGE’s concerns in a timely manner.
