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BETMAKERS TECHNOLOGY GROUP LTD Capital/Financing Update 2016

Apr 10, 2016

64512_rns_2016-04-10_6f7bda1f-86de-464b-b657-050d94d87730.pdf

Capital/Financing Update

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  • 11 April 2016

TOPBETTA COMPLETES INVESTMENT IN WAGERING TECHNOLOGY COMPANY

  • TopBetta acquires a strategic stake in Australian wagering technology company Modern Wagering Systems Pty Ltd

  • TopBetta to exclusively integrate its Fantasy Wagering product into MWS’ wagering platform

  • New product range to be available to all online Corporate Bookmakers

Further to the ASX Announcement dated 9 March 2016, online fantasy sports, wagering and content company, TopBetta Holdings Limited (ASX:TBH) (“TopBetta” or the “Company”), is pleased to announce that is has completed its strategic investment in Australian wagering technology company, Modern Wagering Systems Pty Ltd (“MWS”). As a result of this strategic investment, TopBetta has acquired a 12.5% interest in MWS with an option to acquire a further 12.5% within 12 months.

As detailed in TopBetta’s ASX Announcement dated 9 March 2016, the investment in MWS will allow TopBetta to:

  • Integrate the unique “TopBetta Tournament” products and a new pooled betting product with MWS’s existing sports betting and racing systems, allowing third-party operators to easily access the network of TopBetta tournaments and create mass distribution;

  • Offer fully-integrated white label solutions for potential wagering operators in Australia and globally; and

  • Launch a newly-developed pooled betting product on global sporting contests, including football, golf, racing, car racing and sports among others.

The agreement with MWS also provides for TopBetta to be appointed as the exclusive global wholesale distributor of MWS’ wagering products for 24 months.

For further information please contact:

Charly Duffy Jane Morgan

Company Secretary Investor & Media Relations [email protected] [email protected] + 61 (0) 409 083 780 + 61 (0) 405 555 618