PlayUp announced late Tuesday evening that Monmouth Mungo Park Chairman and CEO Dennis Drazin has been named PlayUp USA’s chairman. The move is good immediately as the Australian-based gaming fellowship takes effectual litigate against the former CEO of its American division.
Drazin, whom the companionship called a “longstanding gaming manufacture icon,” will work with PlayUp’s incorporated leadership inward securing new marketplace get at agreements inwards states where sports betting and iGaming are legal. He was named to the company’s board of directors a year ago.
Drazin said inwards the Tuesday dark button he’s been excited to consider PlayUp develop over the past few months.
I’m super encouraged by the warm execution of the business, peculiarly within New island of Jersey where we have made substantive advance inward a unawares period of time amongst what may be the to the highest degree private-enterprise(a) securities industry inwards the world,” Drazin said.
As chairman and CEO of New Jersey-based Monmouth Park, Drazin played a key role inwards serving that say decriminalise sports betting, a make a motion that led to the US Supreme Margaret Court overturning PASPA in May 2018. Over the endure two years, he’s been leading the force to convey fixed-odds gymnastic horse racing to New island of Jersey in an travail to work unexampled bettors to the sport.
It’s unclear for now how or if Drazin’s new role will impact his work on at Monmouth Park. He did non respond right away to a subject matter sent Tues dark for additional comment.
PlayUp currently operates sports betting apps inwards CO and New Jersey. It also has securities industry access agreements for sports betting skins in Robert Indiana and Iowa and iGaming rights inward Iowa, New island of Jersey and Pennsylvania.
Lawsuit Filed Against Former CEO
On Nov. 30, PlayUp filed a suit in US District Margaret Court inwards NV against its US naval division CEO, Dr. Laila Mintas, whose employ declaration ended that same day. The causa stated Mintas did non stick to to confidentiality and non-disparagement provisions inwards her contract. That included a six-month geological period upon pass completion prohibiting her from piquant or participating “in any personal manner or fashion inward an employment, business, or other activity competitive with PlayUp.”
According to the suit, as both sides negotiated a new contract, Mintas wanted her yearbook salary doubled to $1 million and her deal of accompany inventory increased to 15 percent. She also requested the expiration of PlayUp Global CEO St. Matthew the Apostle Simic and that she become the new global CEO.
After PlayUp refused, the cause claims that Mintas contacted Sam Bankman-Fried, beginner and CEO of cryptocurrency change FTX. FTX had been inward negotiations to gain PlayUp, but after Mintas told him about “a struggle within management,” those discussions stopped. The accommodate also claims she threatened to middleman gaming regulators and customers to injure the companion and make it to spell bankrupt.
US District Judge Gloria Navarro granted a temporary restraining order barring Mintas from breaking the confidentiality and non-disparagement provisions of her contract.
In statements to SBC Americas and Legal Sports Report Tuesday, Mintas denied trying to undermine PlayUp, of which she’s ease a shareholder. She added her lawyers were workings on a response to the suit.
In Tuesday’s statement, PlayUp said that suing Mintas was “undesirable” but also “necessary” to protect the company’s interests.
“PlayUp refutes the recent publications made past Laila Mintas with prize to the proceedings,” the statement said, adding that it would not comment further on the litigation.
PlayUp Seeks Alternate Form of Serving Mintas
The case has taken some unusual turns inwards the ii weeks since it was filed. PlayUp notified Navarro that it cannot wait on Mintas with the lawsuit. An effort to function her at her Las Vegas nursing home led to the discovery that she was reportedly selling the house, with a place inspector telling the plaintiffs Mintas was on the face of it moving to the Bahamas. An try past PlayUp’s lawyers to gain Mintas via email was also unsuccessful.
As a resultant of that, Navarro last hebdomad extended the restraining prescribe against Mintas from Thursday to Jan. 3.
As of Tuesday, PlayUp’s attorneys relieve have non had a chance to do Mintas with the suit. In a movement filed Tues seeking an alternate way of life of serving Mintas, an attorney for PlayUp told the courtyard that Mintas appeared in an Australian courtroom earlier that day. In that appearance, she gave them a personal email to incur effectual notices. PlayUp’s attorneys hold asked for the power to service Mintas inward that fashion.
For now, Navarro has place a auditory modality for Jan. 3 to set if the temporary restraining say would turn a permanent enjoining that would ram Mintas to not disparage PlayUp for the duration of the court of law case.