Topbetta completes tote tech acquisition deal

Australian sports betting and horserace wagering operator TopBetta Holdings has completed the acquisition of the code base of The Global ToteB2B product from Modern Wagering Systems (see previous report).

The wholesale distribution deal, agreed earlier this month, assigns all proprietary rights and interests in the software code base, for use by The Global Tote and other partners, to TopBetta Holdings for an AUS$550,000 consideration.

Our readers will recall TopBetta was granted a license by the UK Gambling Commission a couple of weeks ago to operate The Global Tote in the UK market.

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