- 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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About Topbetta Holdings Ltd
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.
Topbetta Holdings Ltd