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PlayUp shareholders face vote on AUD18.6m Australian assets sale to CrossBet

Deals & M&A

PlayUp shareholders are due to vote on 10 December on a proposed sale of its Australian gaming assets to CrossBet, according to a media report. The proposal, shared with investors on 10 November, values the assets at AUD18.6m; CrossBet would assume AUD8m in liabilities and repay a further AUD7.5m over five years. The sale remains subject to the vote.

PlayUp’s Australian asset sale depends on shareholder approval, while CrossBet would assume liabilities and make further repayments.

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Deals & M&A

Macau Legend extends loan repayments to 2030 under revised terms

Macau Legend Development said revised bank-loan arrangements have extended repayment periods on two facilities to 2030, and that it has begun repayments under the new terms. As of 31 October 2026, HK$1.96 billion remained outstanding on a HK$2.3 billion term facility; the company said HK$4.5 million had been repaid.

Macau Legend Development has begun repaying bank loans under revised arrangements as it works to address the issues behind its auditor’s disclaimer of opinion, the company said. Further steps may still be necessary to resolve those issues.

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