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AUSSIE GAMBLING FIRM CALLS TRADE HALT PRIOR TO KEY ANNOUNCEMENT
Monday September 19,2011 : Two Way interactive television wagering service provider granted a halt pending a capital raising statement
Australian publicly listed interactive television gambling provider Two Way was granted a trading halt by the ASX Monday pending a key capital raising announcement.
The company, which developed its television wagering service in collaboration with Tabcorp Holdings and Foxtel has not yet indicated where the funds will be allocated, but it has recently made major progress in moving towards an increased revenue stream.
The interactive wagering service was recently extended to include Racing and Wagering Western Australia and TattsBet Limited, and there is potential to establish similar relationships with other wagering and broadcasting partners throughout Australia and overseas.
The company's products are currently being deployed by leading wagering and interactive TV operators in Australia and New Zealand, with the client list including Tabcorp, RWWA, TattsBet, Sportingbet, Betfair, Foxtel, Austar, Optus TV and Sky New Zealand - and Two Way having five year contracts with many of these major companies.
The service includes live betting capability linked to the betting engines of all the TABs, and is Australia’s first and only TV wagering service. In the last three years more than 25,000 users have placed at least one bet using the TAB Active interactive TV service on the Foxtel platform.
Two Way earlier reported that more than 15.5 million bets in total have been made thus far, with total turnover exceeding A$137 million.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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