Update on PlayUp Transaction
Update on PlayUp Transaction
Sydney, Jan 17, 2019 AEST (ABN Newswire) - The Board of The BetMakers Holdings Limited (ASX:TBH) (OTCMKTS:TPBTF) (the "Company") wishes to update the market in relation to the sale of TopBetta Pty Ltd ("TopBetta") and the associated TopBetta and MadBookie retail brands to PlayUp Australia Pty Limited ("PlayUp").

PlayUp has undertaken to pay the outstanding $1.75M payment as follows:

- $750k to be paid by 17th January 2019. The Company confirms that this payment has been received; and

- $1Mil to be paid by 29th January 2019.

About The Betmakers Holdings Limited

The Betmakers Holdings Limited (ASX:TBH), (OTCMKTS:TPBTF) (FRA:T07) formerly TopBetta Holdings Limited, is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. The Company operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services. Global Tote Australia Pty Ltd conducts TBH's Wholesale Business, which includes operating and licensing its wholesale tote product which enables licensed wagering operators, including corporate bookmakers and tote operators from all over the world, to participate in global pools. The Wholesale Business is conducted under a B2B licence granted by the UK Gambling Commission to Global Tote Limited, a company incorporated in Alderney, UK.

     


Contact

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

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



Related Companies

The Betmakers Holdings Limited              
PlayUp              

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