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TopBetta confirms AUD$6m sale of B2C businesses to PlayUp

18th April 2018 9:25 am GMT

Sydney-listed TopBetta Holdings (TBH) has confirmed the sale of its customer-facing businesses to Australian fantasy sports and betting operator PlayUp for AUD$6m in cash.

TBH has entered into a binding heads of agreement to sell all of its shares in TopBetta Pty, which operates fantasy sports and online betting under the TopBetta and Mad Bookie brands.

The company has also agreed a software and services deal with PlayUp for the provision of various risk management, technology and [...]

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