Turnover $53.48m, Revenue $4.95m, Active Users 8,854
Quarterly Update
Sydney, April 30, 2018 AEST (ABN Newswire) - The Board of TopBetta Holdings Limited (
ASX:TBH) ("TopBetta" or the "Company") is pleased to provide shareholders with an overview on the quarterly activities for the period ending 31 March 2018 (see Note below).
Key Points
- Wagering and tournament revenue up 460% vs March 17 quarter down 26% from previous quarter
- Wagering and tournament turnover up 304% vs March 17 quarter down 35% from previous quarter
- Total quarterly active unique clients up 25% vs March 17 quarter down 38% from previous quarter
- Cash receipts from customers $5.28M for the quarter
- Global Tote turnover for the quarter totalled $33.16M
- Race meetings across the Global Tote at 784
- The decrease in activity compared with the December quarter reflects Spring Racing Carnival seasonality.
TopBetta's Managing Director, Todd Buckingham commented: "The strong year on year growth has been key for us and has put us in a position to execute the recently announced PlayUp deal."
"Over the past 12 months, the Company has grown the Active User base and over the busy Spring Carnival period of 2017 saw our turnover peak to $82.90M which is a substantial growth from the previous year. During this March quarter we focused on retaining those clients while significantly reducing our spend."
Note: All financial figures contained in this Announcement are provided on an unaudited basis.
To view the full report, please visit:
http://abnnewswire.net/lnk/2K86ECX2
About Betmakers Technology Group Ltd
Betmakers Technology Group Ltd (ASX:BET) (OTCMKTS:TPBTF) is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. The Company operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services.
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