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TopBetta Quarterly Earning Report
TOPBETTA HIGHS AND LOWS
But optimistic about future prospects.
Australian sports betting operator TopBetta’s latest quarterly report delivers a strong performance in its core business and a bullish outlook for the year ahead.
The company said, however, revenue had been impacted by certain underperforming wagering products, a situation it hopes to reverse with the anticipated release of The Global Tote product.
Key performance highlights for the three months ending December 31, 2016 include:
- A 61 percent increase in active unique clients was attributed to effective marketing campaigns over the Spring Racing Carnival
- Wagering and tournament turnover grew quarter on quarter by 21 percent to A$14.5 million
- Wagering and tournament betting revenue grew quarter on quarter by 13 percent to A$ 1.3 million
- Successful capital raise of A$3 million closed at an 11 percent premium to the last trade
"It has certainly been a busy quarter again for the Company achieving some key milestones and continued growth post the Spring Racing Carnival,” TopBetta's chief executive officer, Todd Buckingham, said.
“After getting through these milestones, management believes that we are well positioned to leverage from these achievements not only from the current quarter but all the achievements since being listed on the ASX, a little more than 12 months ago."
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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