PlayUp’s Pending License Denial in Ohio May Lead to Other Issues

What peradventure happens in Buckeye State could hold repercussions elsewhere inwards the state for PlayUp.

The Australian-based gaming society has taken push down an online slot-like gritty after the OH Casino Control Commission proclaimed during its Midweek encounter that it intended to abnegate the operator a sports betting license.

The commission sent PlayUp a alphabetic character on Dec. 2 expression because the accompany had “one or to a greater extent disqualifying violations” it would not be considered “suitable or eligible” for licensure. In that letter, the OCCC said PlayUp accepted “illegal wagers” from American bettors through and through its Slots+ product.

The military commission also accused PlayUp of breaking OH law “engaging inwards false, deceptive, misleading, or otherwise impermissible advertising… by publicizing the Slots+ product as legal gaming inwards the province of Ohio.”

OCCC Executive Director Matt Schuler also informed commissioners at its coming together Wednesday that the agency issued a cease-and-desist mark to PlayUp and Potent Systems, its engineering partner. Schuler added that the companies had started taking steps to follow with the commission’s request.

Mentions of Slots+ have been removed from PlayUp’s website, and a page for the gamy has also been wiped from Facebook.

A cached webpage for Slots+ described the spunky as using “results from real living events to powerfulness merriment and exciting slots.” It also listed 26 states where Slots+ and PlayUp’s racebook were available. Ohio was listed on the cached page, but the site noted only when the racebook was legal in the Buckeye State.

PlayUp is currently licensed to extend sports betting inwards Colorado River and New Jersey. It also holds an iGaming, or online casino, license in New Jersey. In Ohio, it’s slated to follow a nomadic partner with JACK Casino Cleveland. Last month, JACK lost a peregrine partner when MaximBet announced it was ceasing operations.

Appeal Hearing Planned

PlayUp did not respond to requests seeking comment.

The society does get the correct to postulation a auditory modality in its case, and OCCC Director of Communications Jesica Franks confirmed to Casino.org that unity will follow held inwards the matter.

Under Ohio’s process, the audition testament appropriate PlayUp and the say to proffer evidence and inquiry witnesses on both sides. The presiding judge will then issuance a written report and the OCCC commissioners will then submit action.

The auditory sense could happen inward January, although it’s unsure when the judge’s news report will be completed.

Should the OCCC adjudicate to refuse PlayUp, it could wallop the company’s suitableness inwards other states where it is licensed or may live applying.

Richard Schuetz has worked as both a gaming executive director and a regulator. He told Casino.org that states require licensees that they must live informed of a stuff event in another jurisdiction.

“That’s what tin initiation the dominoes,” he said.

Ohio Issue PlayUp’s Latest Woe

A pending denial inward Ohio River is not PlayUp’s only if concern.

Three months ago, PlayUp announced plans to merge with a special aim acquisition companionship (SPAC) inwards an elbow grease to suit a publically traded company. On Dec. 8, that SPAC, IG Acquisition Corp. (IGAC), filed an 8-K written report with the US Securities and Exchange Commission that noted the parties signed an amended arrangement that allows IGAC to explore opportunities with other companies.

The conclude for the ledger entry into the Amendment Agreement is because of the wait in obtaining the Company’s (PlayUp’s) audited financial statements and other materials, as good as securities industry conditions that make made it difficult to obtain financing necessary to consummate the transactions,” IGAC said inward the filing. “Unless the Company is able to deliver its audited financial statements and obtain the necessary funding, IGAC intends to seek to site an alternative target area accompany and potentially pursue the consummation of a concern compounding with such alternative direct company.”

In November 2021, PlayUp had a $450 billion purchase offering from FTX, the now-collapsed cryptocurrency change currently making headlines after its founder was arrested inward the Commonwealth of the Bahamas this yesteryear week. That trade felled seam through and through and has since turn a Florida key issuing inwards a case and countersuit between PlayUp and Dr. Laila Mintas, PlayUp’s former US sectionalisation CEO.

This past times Jan FTX agreed to vest $35 million inwards PlayUp.

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