Former PlayUp US CEO denies lawsuit allegations

December 16, 2021
By

Dr. Laila Mintas has responded to a restraining order set by PlayUp, who claim she sabotaged FTX’s takeover attempt.

According to reports, the brand claims Mintas worked to undermine a $450m takeover attempt by the cryptocurrency exchange FTX. As a result of this legal action, the courts have granted PlayUp a temporary restraining order against Mintas.  

When Gaming America reached out to Mintas for comment, she vehemently refuted these claims, stating: “I am a major shareholder in PlayUp as of today and invested 7-figures of my own savings into the company. It makes no sense that I would have made any of those comments that are quoted in the filing or tried to destroy a deal to sell PlayUp as I would have benefitted from that as well as all other shareholders. All the claims mentioned in the fillings are wrong and my lawyers are working on filling shortly my response to those claims to tell the true story based on written evidence.”

 “I cannot comment on every detail right now as it would force me to make negative comments about the Australian leadership which I have to restrain from because of my former employment contract and now the court order they put on me,” Mintas continued.

 “Over the last 2 years, I built the PlayUp USA business from scratch, having been the US CEO of PlayUp and the only person on the ground for the first almost 1 ½ years. I built a great team on the ground, got PlayUp US live in Colorado and New Jersey and got PlayUp market access in many states which led to PlayUp USA often called 'the sleeping giant' in our industry. My hard work has created a valuation of over $400m alone because of the US market.

“The company is in possession of an FTX email stating the facts of why FTX rejected the deal which I will submit to the court which clearly outlines the reasons on the Australian side of the leadership team as the deal breaker. If someone tries to prevent you from speaking to the US regulators, that says everything,” she concluded.

While information at this point is limited, PlayUp promptly rejected the suggestions made by Mintas, claiming any legal action taken was in an effort to safeguard the interests of the company. The sports betting group refused to make any further comment due to the matter presently being before the courts.

Gaming America will continue to report on this story as more information comes to light.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.
GA HUDDLE #089

Brian Uran - AI has shown casinos new ways to think about business

GA HUDDLE #088

Adam Wexler: PrizePicks almost went out of business during Covid - but now...

Roughly six years after speaking to Gambling Insider as an upcoming start-up, PrizePicks CEO Adam Wexler joins the Huddle to reflect on huge growth since - which almost ground to a halt during the Covid-19 pandemic.

We cover:

- Entrepreneurship, regulatory changes and the pandemic

- Offering a different customer experience and differentiating by product

- Fantasy sports being strong enough without sports betting

- Barriers to entry in the fantasy market

- Opposition from FanDuel and DraftKings

- Targets, plans and the Philippines

- US markets and the future of fantasy


Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

gga
The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
GA
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
terre
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
andrew
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.