The Company has since been notified by Ladbrokes Australia that its submission of the commercial agreement ("Agreement") with The Global Tote to the Northern Territory Racing Commission ("NTRC") has not been approved in its current format. Ladbrokes and The Global Tote are reviewing the Agreement with a view to making any changes that will allow the Agreement to be re-submitted to the NTRC imminently for reconsideration and approval.
Ladbrokes' Chief Executive Officer Mr Jason Scott said: "Ladbrokes is committed to working with The Global Tote and is in a position to go live once regulatory approval is confirmed."
TopBetta Managing Director Todd Buckingham said: "We look forward to updating the market on next steps for The Global Tote platform in the near future, but we are happy to have completed the technical integration with Ladbrokes."
About Topbetta Holdings Ltd
TopBetta 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.
Investor & Media Relations
Topbetta Holdings Ltd (ASX:TBH) The Global Tote Signs Deal with International Racing Data to Expand Product Offering