TopBetta reports quarterly turnover of $54.62 million

Company News

by Liz Pal

TopBetta (ASX:TBH) has reported quarterly wagering and tournament turnover of $54.62million, up 29 per cent on the June 2017 quarter.

The race wagering and sports betting company, also reported quarterly active users jump by 20 per cent to 10,904 users.

The strong results come as TopBetta progresses with its licensing agreements with US and UK, which allow the company to launch retail TopBetta businesses and the Global Tote product into these markets.

The company is looking to go live in both the US and UY in the first quarter of the 2018 calendar year.

Shares in TopBetta (ASX:TBH) are trading 6.85 per cent higher at $0.39.
 

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