London, United Kingdom, January 16, 2019 --(PR.com
)-- 123gaming Limited advises today that they have canceled the sale to PlayUp Australia and their "World First Token Deal" Acquisition using PlayChips as was reported in several articles over the past few months. 123gaming had been awaiting the agreed settlement in PlayChips from PlayUp but without resolution. 123gaming has come to the conclusion PlayUp is unable to complete the purchase and is not likely to in the future.
CEO of 123gaming – Rob Earle said, "Clearly, we are very disappointed by the collapse of this deal, but we very much still believe in the concept and will be moving on to seek out other opportunities that can properly fulfill the promise of a universal gaming token and integrated platform that we can utilize in the US marketplace. With that in mind, we will be reaching out to a number of other players in the space with the hopes of continuing the mission," concluded Earle.
123gaming was established in 2006 and is a multi-award winning gaming development and online wagering company and has been providing fantasy gaming technology services to horse tracks and horse players throughout the US for the past 13 years. 123gaming is currently licensed in North Dakota and Washington State and in 2015 launched 123bet.com which provides online horse wagering to residents in over 20 US States.