Company Overview and News
Topbetta Holdings (ASX:TBH) and its subsidiary The Global Tote has crossed a major milestone after being granted licenses to operate in the U.S. market.
TopBetta Holdings’ (ASX:TBH) shares were trading higher after receiving licences to operate in the UK from the UK Gambling Commission.
TopBetta Holdings (ASX:TBH) has secured a commitment from one of Australia’s top punters to bet an estimated $200 million into its pooled wagering system, The Global Tote.
TopBetta Holdings (ASX:TBH) will accelerate its recently launched Global Tote product in Australia and across the world after receiving firm commitments to raise $1.5 million.
TopBetta Holdings (ASX:TBH) has been granted a trading halt by the ASX, pending details of a capital raising.
The Global Tote is a wholesale tote product which enables licensed wagering operators, including corporate bookmakers and tote operators from all over the world to participate in a global pool.
The innovate new product will enable licensed wagering operators from all over the world to participate in a global pool.
The halt will remain in place until the opening of trade on Thursday 24th November 2016, or earlier if an announcement is made to the market.
TopBetta is Australia’s first fantasy wagering company to be listed on the ASX and is licensed to conduct race wagering and sports betting tournaments. The company held 1,650 tournaments and paid over $1.5 million to the tournament winners during the September 2016 quarter. TopBetta’s subsidiary, The Global Tote Limited, was recently granted a Category 2 (B2B) eGambling licence from the Alderney Gambling Control Commission.
TopBetta Holdings Ltd (ASX:TBH) has received commitments to raise $2.6 million in a share placement to global and domestic sophisticated and institutional investors. TopBetta is a fast growing online betting website in Australia achieving 400% growth in the past 12 months. The company is using its proprietary technology to take share from the global wagering market. Funds from the placement of 14.5 million shares at $0.
TopBetta Holdings Ltd (ASX:TBH) is preparing to outline details of a share placement, and the ASX has granted the company a trading halt to prepare. The halt will remain in place until the opening of trade on Thursday 18th August 2016, or earlier if an announcement is made to the market.
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