Dynamic Odds acquisition update
Sydney, Dec 10, 2018 AEST (ABN Newswire) - The Board of The BetMakers Holdings Limited (
ASX:TBH) (T07:FRA) (TPBTF:OTCMKTS) ("TBH" or the "Company") is pleased to update the market, in relation to the purchase of the Dynamic Odds (DO) business.
Further to the announcements released by the Company on 9 August 2018 and 29 August 2018, the Second Instalment payment of $1Mil has been paid as part of the transaction and relevant share documents have been transferred.
In addition, TBH would like to advise that it has established a line of credit for up to $500k to assist with cash flows. The material terms of the line of credit are set out below.
The Company is progressing well towards its target of profitability in Q1 CY19 (March quarter).
About Betmakers Technology Group Ltd
Betmakers 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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