Update on PlayUp Transaction
Sydney, Jan 17, 2019 AEST (ABN Newswire) - The Board of The BetMakers Holdings Limited (
ASX:TBH) (TPBTF:OTCMKTS) (the "Company") wishes to update the market in relation to the sale of TopBetta Pty Ltd ("TopBetta") and the associated TopBetta and MadBookie retail brands to PlayUp Australia Pty Limited ("PlayUp").
PlayUp has undertaken to pay the outstanding $1.75M payment as follows:
- $750k to be paid by 17th January 2019. The Company confirms that this payment has been received; and
- $1Mil to be paid by 29th January 2019.
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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