PlayUp, the Australian fantasy sports betting outfit, has paused its $10 million capital raise until it can sell its business in the United States.
The decision to pause the capital raise comes after New Jersey’s gambling regulator, the Division of Gaming Enforcement, revoked PlayUp’s licence to provide betting services in the state.
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Aaron Weinman was a correspondent at The Australian Financial Review.
Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
