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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."
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 Microgaming’s 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 Sunday’s 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 –115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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