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Australia’s Favourit ceases trading after Celsius Coal IPO collapse

13th June 2016 7:49 am GMT

Australian sports betting platform provider Favourit has ceased trading after Celsius Coal failed in its attempt to raise funds to acquire the business.

Favourit’s core product is a sports betting product complemented by a number of social features, and it recently expanded its operations with the launch of a new online casino.

The company originally launched as a B2B social betting product for Australian sportsbook brands such as Tabcorp’s Luxbet and the Paddy Power-owned Sportsbet, before it [...]

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