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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."
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NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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