Updating the market, Australia ASX-listed online bookmaker TopBetta Holdings Limited (TopBetta) has agreed to acquire racing specialist bookmaker Mad Bookie Pty. TopBetta governance detailed that the deal would defer payment of the purchase price until after the first 12 months, which will allow the TopBetta business to maintain cash flows over the initial period. Seeking to expand its profile within …
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A successful Spring Racing Carnival has seen Australia ASX-listed betting and fantasy sports operator TopBetta Holdings (TopBetta) report corporate wagering of AUS $14.5 million (£8.5 million) up 21% quarter on quarter. Issuing a corporate update, TopBetta revealed that the company had seen an all-time 61% high in active player numbers during Q4 2016 (period ending 31 December). TopBetta governance pointed …
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Updating the market, the governance of Australia ASX-listed TopBetta Holdings (TopBetta) has announced that it has signed a ‘landmark agreement’ which will see Ladbrokes Australia become the first client of it ‘The Global Tote’ service. The partnership will see Ladbrokes Australia replace its existing tote products for TopBetta’s The Global Tote system, which enables operators to participate in international betting …
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TopBetta, Australia’s first fantasy wagering company, continued its growth by achieving a September quarterly turnover of $12 million and revenues of $1.2 million. TopBetta held 1,650 tournaments during the quarter, with a total of $1.5 million paid out to tournament winners. The company was particularly pleased that its player on player product had 5,430 active users during a quarter which …
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George Oborne, Managing Director of India Bet, said that cricket has the potential to become a ‘growth sport for betting’, particularly given the huge turnover in the Indian Premier League (IPL) and other Twenty20 competitions, the way it lends itself to in-play betting and its status as a relative minor in the UK betting market. He was backed up by Todd …
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Australia ASX-listed racing and fantasy sports operator TopBetta has confirmed that it has raised AUS $2.6 million (£1.5 million) through a share placement funded by a group of ‘sophisticated and institutional’ investors. Placing 14.5 million shares at AUS $0.18, TopBetta governance will use the funds to implement an ‘aggressive growth’ strategy targeting customers during the key period of Spring Carnival …
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Australian fantasy sports betting provider TopBetta has signed an advertising deal with Fairfax Media. TopBetta currently has 2800 active users but aims to increase this to over 10,000 by utilising the channels that Fairfax Media has access to. The terms of the deal will allow the operator to promote its fantasy sports and racing tournaments across Fairfax’s network of of 3.4 million readers across …
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Australian wagering and fantasy sports operator TopBetta is set to list on the Australian Securities Exchange (ASX) as its seeks to raise between AUS $5 – $7 million in investment. The company has targeted a September listing, as it seeks to fund its expansion within the burgeoning Australian online betting market. TopBetta governance stated that it would use its hybrid …
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