The Board of The BetMakers Holdings Limited (ASX:TBH) (OTCMKTS:TPBTF) wishes to update the market in relation to the sale of TopBetta Pty Ltd and the associated TopBetta and MadBookie retail brands to PlayUp Australia Pty Limited.
PlayUp is a Universal Gaming Platform offering Daily Fantasy Sports, sports and race betting, fantasy stables, eSports, and casino table games. PlayUp Limited is the creator of the PlayChip and operates PlayUp.com, ClassicBet, Draftstars, Betting.Club, TopBetta, MadBookie and 123Gaming. PlayUp Limited will deliver the world's first fully-integrated, blockchain enabled global fantasy sports, online sports betting and gaming ecosystem.
As announced on 09 April 2018, PlayUp agreed to merge with Mission NewEnergy Limited (ASX:MBT) (OTCMKTS:MNELF), subject to the approval of the ASX and NASDAQ and regulatory approval requirements. Upon the completion of the merger it is anticipated that the company's securities will seek to re-comply with both ASX and NASDAQ listing rules resulting in the trading of shares on the NASDAQ stock exchange and the ASX.
The BetMakers Holdings Limited (ASX:TBH) (OTCMKTS:TPBTF) advises today that it has not received the final payment of $2Mil from PlayUp Australia Pty Limted in relation to the sale of 100% of the shares in TopBetta Pty Ltd and the associated TopBetta and MadBookie retail brands, which was due on 31 December 2018.
The PlayChip Foundation has announced the listing of its PlayChip token on Independent Reserve, Australia's first regulated cryptocurrency exchange.
Draftstars, one of Australia's most recognised fantasy sports platforms, has been launched in one of the fastest growing fantasy sports markets in the world. Draftstars India drew 2300 registrations in its first week of operation, with tens of thousands of Rupees being paid out in its initial few days.
PlayChip, the Universal Gaming Token, has announced its decision to forego its public token sale after entering a number of strategic business partnerships, as well as incentivising token utilisation amongst its active user base.
PlayUp is gearing up to deliver the world's first online gaming ecosystem with a native token and exchange on December 19th. The PlayChip token, currently in use and available to their user base of over 1,000,000, will be one of the world's first to have genuine utility value prior to its listing date.
The PlayChip has continued its heavy role in sports sponsorships, with the Universal Gaming Token adding highly-regarded striking coach Owen Roddy, amongst other members of Team McGregor, to its team of ambassadors. The company is also negotiating an ambassador role with McGregor himself.
PlayChip, the Universal Gaming Token, has announced the appointment of prominent Australian businessman Brett King to their advisory board.
A record-breaking prize pool was paid out to more than 1600 savvy punters by Australia's biggest fantasy sports platform, Draftstars, following the conclusion of the AFL Grand Final. The final capped the biggest year in the platform's history, after being acquired earlier in the year by fellow Australian fantasy sports operator PlayUp.
The Board of The BetMakers Holdings Limited (ASX:TBH) (OTCMKTS:TPBTF) would like to provide an update in respect of the sale of 100% of the shares in TopBetta Pty Ltd and the associated TopBetta and MadBookie retail brands, to PlayUp Australia Pty Limited, along with the expansion of services into the US market between BetMakers, PlayUp and the Global Tote.
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