TopBetta subsidiary Global Tote lands US deal

Company News

by Jessica Ellerm

TopBetta (ASX:TBH) has announced its subsidiary The Global Tote has signed a deal with WatchandWager.com.

The tie-up will allow US punters to access Global Tote’s pools on Australian racing for the first time.

Under the terms of the deal, WatchandWager.com will provide to pools on a non-exclusive basis across its distribution network and Advance Deposit Wagering platform.

The agreement starts on 1 February 2018 for an initial term of 12 months, with Global Tote receiving 2 per cent of the takeout from bets placed.

TopBetta (ASX:TBH) was trading around 2.70 % higher this morning at $0.28
 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.