- TBH signs Agreement with Australian wagering operator BetEasy
- Extended deal begins immediately
- Update to PlayUp transaction for sale of retail assets
BetEasy is licensed in Australia's Northern Territory and majority owned by The Stars Group.
While the commercial terms are confidential, the Agreement continues to push the Company to its forecasted cash flow positive 2019 goal.
CEO of The BetMakers Todd Buckingham said: "The contact extensions from BetEasy as well as the previously announced deal with William Hill Global show the importance of The BetMakers offering towagering operators globally."
Retail transaction update
The Company would like to advise it has received the next instalment in full, from PlayUp Australia Pty Limited of $750,000 in line with its agreement. Payment was received on Friday 30 November by the way of cheque.
The remaining $2 million is payable to the Company on or by 31 December 2018.
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.
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The Betmakers Holdings Limited (ASX:TBH) Payments Made for the Acquisitions of Global Betting Services, DynamicOdds and CDK Software