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TopBetta Holdings Q3 earnings
AUSSIE ONLINE BOOKMAKER DOING WELL
TopBetta Holdings achieves robust growth momentum from betting tournaments.
Australian online bookmaker TopBetta Holdings latest performance numbers show that the company continues to prosper and grow, posting results that indicate turnover reached A$12 million and revenues A$1.2 million during the third quarter ended September 2016.
The ASX-listed company recently added fantasy sports to its offering, and the report indicates that the site held 1,650 tournaments and paid over A$1.5 million to winners.
TopBetta’s subsidiary, The Global Tote Limited, was recently granted a Category 2 (business to business) e-gambling licence by the Alderney Gambling Control Commission, allowing TopBetta to offer its products to international corporate bookmakers through The Global Tote Limited.
Chief executive officer Todd Buckingham reported to shareholders that the company has enjoyed another solid trading quarter in the companys busiest quarter to date.
“The business is now ready to tackle the busy Spring Racing which is in full swing, heading into the Melbourne Carnival,” he said.
In August this year, the company raised $2.6 million from an oversubscribed capital raising to global and domestic institutional investors.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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