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BETMAKERS TECHNOLOGY GROUP LTD — M&A Activity 2017
May 1, 2017
64512_rns_2017-05-01_91ff74c4-aa20-48b2-b1ff-080553ed8f4a.pdf
M&A Activity
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TopBetta Holdings Limited ABN: 21 164 521 395 Phone: 1300 886 503 Fax: +612 4962 2553
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22 Lambton Road Broadmeadow NSW 2292
2 May 2017
TOPBETTA’S ACQUISITION OF MAD BOOKIE COMPLETE
The Board of TopBetta Holdings Limited (ASX: TBH) (“TBH” or the “Company”) is pleased to advise that the recently announced acquisition of Australian racing and sports wagering company, Mad Bookie Pty Ltd (“Mad Bookie”). by TopBetta Pty Ltd (“TopBetta) has now been completed.
Highlights:
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Approvals from Northern Territory Racing Commission and relevant racing bodies have been received
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Acquisition will enable the Retail Wagering business unit to accelerate quickly into the current quarter
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Management expects the turnover for the Retail Wagering business unit to exceed $20M for the current quarter
Further to the announcement on the 13[th] of April, TopBetta has now completed the acquisition of the assets of online Australian corporate bookmaker, Mad Bookie Pty Ltd, including its customer database, clients and IP.
The necessary approvals required for the completion of the acquisition have now been obtained from the Northern Territory Racing Commission (“NTRC”) and relevant racing bodies.
Mad Bookie will now operate under the TopBetta license through the NTRC, and TopBetta expect that it will be able to align the synergies of the businesses to create approximately $1M/annum of value.
TopBetta’s CEO, Todd Buckingham, said: “We’re excited about the acquisition of the Mad Bookie business and its potential to immediately accelerate the retail wagering side of our business.”
“As mentioned previously, we continue to look out for similar deals both here and overseas in an effort to continue adding value to shareholders.”
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
topbetta.com.au • [email protected] • Postal Address: PO Box 33 Broadmeadow NSW 2292