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Australia’s BetMakers transitions into B2B space after sale of retail brands

3rd July 2018 8:43 am GMT

Sydney-listed The BetMakers Holdings (TBH), formerly TopBetta Holdings, has completed the sale of its retail businesses TopBetta and MadBookie to operator PlayUp for AUD$6m.

Following an initial agreement in April, PlayUp has taken over the running of the TopBetta and MadBookie’ betting businesses effective July 1st.

TBH has received a non-refundable payment of $3m from PlayUp and has agreed to extend the payment term of the remaining $3m until September 30th.

If PlayUp fails to pay the deferred [...]

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