TopBetta is Australia’s first fantasy wagering company to be listed on the ASX and is licensed to conduct race wagering and sports betting tournaments.
The company held 1,650 tournaments and paid over $1.5 million to the tournament winners during the September 2016 quarter.
TopBetta’s subsidiary, The Global Tote Limited, was recently granted a Category 2 (B2B) eGambling licence from the Alderney Gambling Control Commission.
The Category 2 eGaming licence allows TopBetta to offer its products to international corporate bookmakers through The Global Tote Limited.
Todd Buckingham, chief executive officer, commented: “The Company has had another solid trading quarter, which was also accompanied by our busiest operational quarter to date.”
“The business is now ready to tackle the busy Spring Racing which is in full swing, heading into the Melbourne Carnival.”
In August, the company raised $2.6 million from an oversubscribed capital raising to global and domestic sophisticated and institutional investors.