PlayUp has brought on Art Hamilton as their top financial executive for the United States. They also declared that they secured funding from the digital currency exchange FTX.
Hamilton has a wealth of experience in the field. He previously held a position at NYX Gaming Group, which acquired OpenBet and was later acquired by Scientific Games.
Hamilton is the latest addition to PlayUp’s management team. Dennis Drazin was named head of the board in December 2021.
These appointments come after PlayUp faced a legal disagreement with their former chief executive, Laila Mintas.
PlayUp obtained a temporary order to prevent Mintas from taking certain actions in early December. However, their request for a permanent order was rejected by the Nevada District Court. The court determined that PlayUp failed to demonstrate that Mintas’ actions hindered the company’s acquisition by FTX.
Mintas has now filed a lawsuit against PlayUp, seeking compensation for damages, claiming that PlayUp’s accusations are false and have harmed her reputation.
In addition to hiring Hamilton, PlayUp also announced that they received a $35 million investment from FTX. This investment played a significant role in the dispute with Mintas.
PlayUp declared that this investment round will be utilized to expedite its growth into the American market.
Ramnik Arora, FTX’s chief product officer, stated: “We are enthusiastic about investing in PlayUp. We believe PlayUp is at a pivotal point in its development.”
Daniel Simic, PlayUp’s worldwide CEO, remarked: “We are delighted with the advancement we are making in entering the US marketplace. FTX’s recent investment will aid PlayUp in accelerating its prospects in the American market and expanding our operations in the global sports betting and wagering sector.”
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