Press Releases

TopBetta Holdings augments its fund – raising Aus$1m to foster its global betting platform

Published

7 years ago

February 20, 2018

Athira A

Reading Time: < 1 minute

TopBetta Holdings which engages in the online racing and sports wagering businesses in Australia raised an additional Aus$1m (€638,000/US$791,000) to foster the advancement of its global betting platform.

ProactiveInvetsors.com stated that “TopBetta will utilise the funds for working capital and to enhance its future cash flow obligations.”

TopBetta was able to secure the latest investment via a placement of shares at Aus$0.285 each to both sophisticated and institutional investors.

The move comes on the heels of TopBetta revealing a 95% subsequent revenue growth, the preceding month for the second quarter.

In August of last year, TopBetta was also able to pick up US licences for both its TopBetta Pty and The Global Tote brands.

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Athira A

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.