Sydney, Oct 31, 2017 AEST (ABN Newswire) - As TopBetta Holdings Limited (ASX:TBH) ("TopBetta" or the "Company") continues to grow its retail and wholesale divisions, the Board of TopBetta is pleased to provide the following update on the Company's activities for the quarter ended 30 September 2017.

Highlights

- Wagering and tournament turnover up 29% QoQ to $54.62M

- Active User numbers continue to grow with 20% increase from June quarter to 10,904

- Cash receipts from customers during the quarter at $4.1M

- Global Tote turnover for the quarter totalled $22.58M (up from $8.96M the previous quarter)

TopBetta's Managing Director, Todd Buckingham commented: "The first quarter of FY17 has been a significant quarter in terms of building the base for the Company. We have capitalised on a number of opportunities and it was pleasing to see the continual growth across our wagering divisions.

The Company raised $9M via a placement, which has allowed us to accelerate the roll out of a number of initiatives around our retail business here in Australia and also tick off some regulatory requirements to move into other international markets."

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http://abnnewswire.net/lnk/58ZC7MMW


About Topbetta Holdings Ltd

TopBetta Holdings Limited ASX TBHTopBetta Holdings Limited (ASX:TBH) is licensed to conduct race wagering and sports betting under the Bookmakers and Betting Exchange Act 1998 (Northern Territory).

The Company has built proprietary technology platforms that combine an online racing and sports wagering offering with a fantasy wagering platform and enables sports fans to compete against each other via online tournaments.

     


Contact

Charly Duffy
Company Secretary
E: companysecretary@topbetta.com
T: +61-409-083-780

Jane Morgan
Investor & Media Relations
E: investors@topbetta.com
T: +61-405-555-618



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