Betmakers Technology Group Ltd Stock Market Press Releases and Company Profile
Quarterly Activities Report for the Period Ending 30 June 2017
Quarterly Activities Report for the Period Ending 30 June 2017

Sydney, July 12, 2017 AEST (ABN Newswire) - The Board of TopBetta Holdings Limited (googlechartASX:TBH) (the "Company") is pleased to provide shareholders with an overview of the quarterly activities for the quarter ending 30 June 2017 ("Quarter").

Highlights

- Strong quarterly wagering and tournament turnover of over $42.459 million up 220% since March 2017 quarter

- Robust quarterly revenue growth of over $2.282 million - up 158% since March 2017 quarter

- Strong quarterly growth in Active Users to 9,083, up 28% since the March 17 quarter

- Wholesale wagering business The Global Tote delivering results through TopBetta platform

- Estimated $200 million wagering commitment for The Global Tote from top Australian punter

- Retail wagering business accelerated with acquisition of Mad Bookie

- Over $2.1 million raised via a placement and Share Purchase Plan during the quarter

Total turnover was at $42.459 million for the Quarter (up from $13.249 million the previous quarter ending 31 March and compared with $11.173 million in the quarter ending 30 June 2016).

The strong growth has been underpinned by the launch of the wholesale product, The Global Tote, by the Company's wholly-owned subsidiary, The Global Tote Ltd ("TGT") on May 4, and completion of the Mad Bookie Pty Ltd ("Mad Bookie") acquisition by the Company's retail wagering division on May 2.

TGT is now focused on further expansion of The Global Tote, including opening more pools daily on Australian race meetings and opening in International markets over the next 6 months.

The Company is also well placed to accelerate its retail wagering business for the Australian Spring Racing Carnival and AFL and NRL football finals as part of the next quarter's priority marketing activity.

Active Users and Revenue

With the acquisition of Mad Bookie Pty Ltd and the launch of The Global Tote during the quarter, the Company's turnover and revenue numbers increased significantly. The Company recorded 9,083 Active Users for the June Quarter compared to 7,106 in the quarter ending March 2017. Wagering and Tournament turnover for the Quarter was up 220% to $42.459 million and revenue increased by 158% to $2.282 million (see Note below).

The total revenue reported during the quarter (including wagering, tournament, content and other) was up 114% to $2.576 million.

The Global Tote

The Company's wholly-owned subsidiary, TGT, is licensed in Alderney, UK, with race day operations in Sri Lanka.

Further to The Global Tote launch on May 4, the Company announced its deal on June 15 with one of Australia's largest punters, Sean Bartholomew, who has entered an agreement to bet more than $200 million into win and place pools on The Global Tote product through TopBetta's platform ("TopBetta") over the next 12 months.

It is expected that all Australian racing products will be available on The Global Tote within the current quarter, along with International racing markets such as the previously announced UK Racing and British Greyhound racing content.

Development for the integration of The Global Tote offering on the Mad Bookie platform is expected to be completed shortly and launching within this quarter.

As previously announced, The Global Tote Ltd has an Agreement in place with Ladbrokes Australia. The Company and Ladbrokes have agreed to delay integration discussions until The Global Tote is fully operational across all racing products and timing for the development can be accommodated. It is not expected that this integration will happen prior to the Australian Spring Racing Carnival this year.

TGT is in discussions with other major operators within Australia and internationally and is now focused on further expansion of The Global Tote into international markets which is expected to occur over the next 6 months, with approvals pending for operations in UK and US markets which are expected to be received imminently. The Company will update the market in respect of these approvals in due course.

Retail Wagering

The retail wagering business unit comprises of both the TopBetta brand and the recently acquired online bookmaker, Mad Bookie.

Through the acquisition of the Mad Bookie brand and client base, the Company has seen an increase in Active Users and revenue. During the quarter, the Company had anticipated that the Mad Bookie acquisition would drive turnover for the business unit to over $20M for the June quarter. With the quarterly numbers now received, the Board is extremely pleased with the increase in turnover up 220% to $42.459 million and total group revenue up 114% to $2.576 million.

Business Update

During the quarter, the Company completed a $1.5 million placement to sophisticated and institutional investors at 16 cents per share. In addition, the Company also launched a Share Purchase Plan ("SPP") to raise $500,000 at the same price. The SPP was heavily oversubscribed and the Company had received over $2.14 million in interest from shareholders. As announced in the SPP, the Company elected to accept oversubscriptions and the SPP closed raising $614,160.

The funds raised from the placement and the SPP have assisted the Company's Alderney-based subsidiary, TGT, to accelerate the recently launched The Global Tote product in Australia and internationally as well as provide working capital for the overall business.

As part of the Company's focus on TGT's wholesale product, The Global Tote, and TopBetta's retail wagering platform as two major revenue drivers, the Board has supported management in a reallocation of resources and budgets from its content business, 12Follow, and e-Sports division, GameBetta.

The TopBetta fantasy tournaments continue to be a major part of the Company's longer term strategy however allocated resources have also been scaled back to enable the business to deliver on its wagering and wholesale model and optimise the opportunity for the fantasy tournament product under the longer term strategy.

TopBetta CEO Todd Buckingham commented: "This is an exciting time for the Company's businesses after TGT completing its development phase and moving into execution. While the growth numbers look promising, we are certainly not getting ahead of ourselves as we still have a long way to go. I am personally excited about the international opportunities that we have been working on over a long period and we now have a very strong base to spring from."

Note: All figures quoted in this Announcement are unaudited.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/ML4F6F3P


About Betmakers Technology Group Ltd

Betmakers Technology Group LtdBetmakers Technology Group Ltd (ASX:BET)  (OTCMKTS:TPBTF) 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.

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Contact

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

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



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