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TopBetta prepares for launch of new global tote betting product

19th August 2016 7:13 am GMT

Sydney-listed betting and fantasy sports operator TopBetta Holdings has received firm commitments to raise AUD$2.6m from institutional investors, with a portion of the funds to be used to launch a new international pooled betting product.

TopBetta will place approximately 14.5m fully paid ordinary shares at $0.18 per share with global and domestic institutional investors to raise the funds.

The operator said that the capital raising will better position TopBetta to aggressively target customer acquisition over the Spring Racing [...]

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