Topbetta pleased with second quarter results

Australian listed betting operator TopBetta Holdings has reported a 95 percent increase in total revenues for the second quarter driven by a record increase in active customers and a strong performance from its Alderney-based The Global Tote business.

Key performance indicators for the three-month period ending December 31, 2017 include:

–    52 percent increase in wagering and tournament turnover over September 2017 to reach A$82.91 million.

–    Total revenues up 95 percent over the previous quarter to A$6.92 million (Q1/2017: $3.34 million).

–    Active Unique Clients increased 30 percent from the previous quarter to reach 14,223.

–    Generated race field fees of A$1.59 million (Q1/2017: $0.94 million) for Australian racing bodies

“The two major drivers of increased turnover have been pleasing growth of the Company’s wholly-owned Alderney-based subsidiary, The Global Tote Ltd, through its pooled betting platform, and a solid quarterly period for the Australian retail platform (topbetta.com.au),” the TopBetta Board said.

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