PlayUp Ltd. & The Betmakers Holdings Ltd. Deal to be Completed in January 2019

SYDNEY, Jan. 23, 2019 /PRNewswire/ -- PlayUp Ltd. has announced a further $750,000 has been paid towards its acquisition of The Betmakers Holdings Ltd. (ASX:TBH), and their leading wagering platforms, TopBetta and MadBookie.

"PlayUp is a strong, growing brand that has made several key acquisitions in 2018, including TopBetta and MadBookie," said PlayUp CEO Daniel Simic.

"The decision was made to delay payment until all terms were fully satisfied and we look forward to completing the transaction and closing the deal within the coming days."

As announced by Betmakers on January 17th, a further payment of $750,000 had been received from PlayUp, with the final $1 million payment to be processed on January 29th pending performance of final tasks by both parties.

About PlayUp:

PlayUp Limited is a Universal Gaming Platform offering Daily Fantasy Sports, sports and race betting, fantasy stables, eSports, and casino table games. PlayUp makes up the team behind the PlayChip and operates PlayUp.com, ClassicBet, Draftstars, Betting.Club, TopBetta, and MadBookie. PlayUp Limited will deliver the world's first fully-integrated, blockchain enabled global fantasy sports, online sports betting and gaming ecosystem.

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SOURCE PlayUp

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