2UP Gaming PLC, a publicly traded company registered with the London GXG Exchange, is all set to expand its gambling operations in Atlantic City, New Jersey.
The UK-based and Curacao-licensed gaming company entered into a $75 million project finance agreement with MidOil USA in Oct. 2012 and subsequently acquired the DBG Poker Group for €25 million ($33 million) in Feb. 2013.
About 2UP Gaming
Initially, the company started out as 2UP Holdings Pty in 2009, in Melbourne, Australia, to conduct research and development before entering the growing global online wagering industry.
In 2010, the Internet gambling venture was formed through the creation of Kingfisher Limited and was licensed by the Republic of Vanuatu to operate conditionally, as an interactive gaming remote operator for 15 years.
In 2011, 2UP Gaming PLC was established in UK and acquired 100 percent ownership of both 2UP Holdings Pty and Kingfisher Limited.
In January 2012, the company launched the website 2Up.com to offer a wide range of poker, casino, and sports betting facilities via the Internet, under the regulatory supervision of the Government of Curacao.
2UP’s plan is to use DBG Poker Group’s “live dealer” technology as a means to give New Jersey online players with real world gaming experience, by streaming live casino action directly to 2UP’s Internet site.
In line with this, MidOil USA, through its Managing Director Vincent Crandon, is currently holding talks with some Atlantic City casinos in behalf of 2UP Gaming PLC. The group, however, is also open to the option of building one if necessary. Crandon further disclosed that the company would come up with a decision by Labor Day.