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TopBetta agrees acquisition of Australian bookmaker Mad Bookie

13th April 2017 8:19 am GMT

Sydney-listed betting operator and B2B provider TopBetta Holdings has entered into an agreement to acquire Melbourne-based bookmaker MadBookie.com.au.

The deal will see the company acquire the assets of the Australian corporate bookmaker, which generates annualised turnover of AUD$80m, including a database of more than 15,000 customers.

TopBetta will pay a purchase price of the greater of AUD$400,000 (less specified expenses), or 24 times Mad Bookie’s average monthly net gaming revenue over the 12 months following completion.

TopBetta will [...]

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