Another acquisition for PlayUp

Reports that Aussie sports fantasy company has now added the retail bookmaking assets of TopBetta to its stable.

Undeterred by recent obstacles to its reverse takeover and ASX listing via Mission NewEnergy (see previous reports), Perth-based sports fantasy and betting group PlayUp announced Monday that it has acquired the retail bookmaking assets of Australian listed  company TopBetta for A$6 million in cash and 800 million in its cybercurrency PlayChip coins.

The acquisition follows that of DraftStars from CrownBet and moves to acquire Sydney-based ClassicBet.

“We’ll be doing a cryptocurrency IPO in the middle of the year and then you’ll see us doing a reverse listing on the ASX by the end of the year,” PlayUp CEO Daniel Simic said.

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