Topbettaacquiresdata-feedcompanyDynamicOdds

June14,20181:32pm。

byToddDavey

ONLINEbookmakerTopbettaannouncedonThursdaythatitwilltakeacontrollingstakeindatafeedandbookmakercomparisonsiteDynamicOdds。

DynamicOddsisthesupplierofdatafeedstothePrincipalRacingAuthorities(PRAs),thegroupinchargeofsettingstartingpricesacrossthoroughbredracinginAustralia。

TopbettaHoldingsLimiteddetailedthedealinapressrelease,whichsaidthecompanyhasenteredabinding,conditionalagreementtopurchase100percentofDynamicOddsshares。

Oncethedealiscomplete,theacquisitionofDynamicOddswillcostTopbetta$10million。

TopbettaCEOToddBuckinghamsaidtheacquisitionwillhelphiscompanycontinuetogrowintheever-changinglandscapeofonlinesportsbetting。

Wereexcitedabouttheopportunitytocontinuetodevelopandenhancethecurrenttechnologystackthathelpspuntersmakebets,andbookmakerstakebets,MrBuckinghamsaid。

Atthesametime,wealsoseeahugeopportunitytoexpandthebusinessintootherverticalsviapartnershipswithsportingandracingbodiesglobally。

ThisacquisitionistheperfectcomplementarybusinesstocontinuewithourCompanysgrowth。

Meanwhile,CrownbetsmovetorebrandasSportingbetwassetinmotionafterthecompanyofficiallylauncheditsbidtochangeitsname。


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