leadf
logo-loader
viewBetmakers Technology Group Ltd

TopBetta Holdings bags $1 million for its global betting platform

The company’s system enables wagering operators to participate in a global pool.

thoroughbred racing
Deals covering thoroughbred, harness and greyhound events

TopBetta Holdings Ltd (ASX:TBH) has received firm commitments to raise $1 million via a placement of shares at $0.285 each to sophisticated and institutional investors.

Funds received will be used primarily for working capital and to strengthen TopBetta’s future cash flow obligations.

The company’s Global Tote is a system which enables wagering operators, including corporate bookmakers and tote operators from all over the world to participate in a global pool.

Turnover uplift of 95% vs the last quarter

Turnover uplift of 95% vs the last quarter

New deal with UK tote operator

In December 2017, The Global Tote revealed a deal with the official UK tote operator Totepool Alderney Limited.

The deal will allow UK wagering operators to offer punters access to Global Tote pools on Australasian racing for the first time via the Totepool platform.

Totepool is currently integrated into more than 9,000 betting shops in the UK and Ireland, as well as 5,000 outside of the UK, and is on some of the world’s biggest betting company websites such as Betfred, Betfair, Skybet and Paddy Power.

Betting on thoroughbred, harness and greyhound events

Last month, The Global Tote executed a licence agreement with global wagering market technology company, International Racing Data Limited.

The deal covers all thoroughbred, harness and greyhound events, and will initially concentrate on all forms of Australian racing to accompany the distribution deals that The Global Tote already has in place.

Quick facts: Betmakers Technology Group Ltd

Price: 0.83 AUD

ASX:BET
Market: ASX
Market Cap: $642 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Bionomics' positive pharmacokinetic results confirms it can begin second...

Bionomics Limited (ASX:BNO) (OTCQB:BNOEF) Executive Chairman Errol De Souza tells Proactive tells Proactive the Adelaide, Australia- based biopharmaceutical company has received positive pharmacokinetic results from a 7-day dosing study to treat PTSD, using its new formulation of BNC210. De...

1 day, 18 hours ago

2 min read