PlayUp plans to stop taking bets in Colorado after NJ collapse

Colorado sign
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PlayUp has notified the Colorado Division of Gaming that it intends to stop accepting bets in the state, continuing fears over the operator’s future after its license revocation in New Jersey. 

Late yesterday the Division of Gaming released a statement noting that it had received a request from PlayUp to place its site into maintenance mode, meaning that players will no longer be able to place bets on the site. They will, however, be able to make withdrawals from their accounts. 

As of 9:00 am ET on Saturday, the Colorado site of PlayUp was still operational.

A statement from the regulator read: “PlayUp contacted the Colorado Department of Revenue’s Division of Gaming, requesting to place their licensed PlayUp sportsbook application and website platforms into a maintenance mode, where active betting and customer-funded deposits are suspended. 

“The Division of Gaming will continue to work with PlayUp throughout this process to ensure compliance and for the protection of the Colorado citizens that utilized their sportsbook. 

This update came just hours after the New Jersey Department of Gaming Enforcement revoked the company’s license to accept bets in the Garden State. 

The revocation came after the DGE requested financial information in late June pertaining to payroll and tax information after reports staff went unpaid. After the firm missed the deadline, the DGE took away the firm’s license and the PlayUp site was inactive. 

“The Division reserves the right to bring future disciplinary action against PlayUp, as its associated entity and individual qualifiers, for any violation of the Casino Control Act, Sports Wagering Act, or Division regulations based upon the facts currently presented or arising from subsequent investigations.”

Daniel Simic responded to SBC Americas‘ request for comment on the issues in New Jersey, promising to respond after the start of business Friday in his home country of Australia. At the time of writing, this outlet is yet to receive a response. 

While the Colorado regulator made no comment on whether it would follow in the footsteps of New Jersey and pull PlayUp’s license, the operator’s move to close its operations for a period of time is indicative of the tumult going on within the business at the moment.