The Global Tote, a subsidiary of TopBetta Holdings, has entered into an agreement to provide its services to Australian online bookmaker Neds.com.au in relation to racing and sporting events over the course of 2018.
Neds can utilise the Global Tote and customise its products for its betting platform currently in Australia and soon to be launched global version.
Neds CEO Dean Shannon said: “The Global Tote will play a key role in our Australian and international plans for the Neds business. The deal with The Global Tote will help us to customise our offering to give our punters the best available pricing in the market."
TopBetta Holdings CEO Todd Buckingham said: “Being a wholesale tote, The Global Tote allows wagering operators to tailor pricing using a range of products including other totes and SP pricing to deliver some of the most competitive products in online wagering.”
Under the terms of the deal, the provision of the services will be subject to standard approvals from the Alderney Gambling Control Commission. As there is no volume commitment, the financial implications are unable to be quantified at this stage.
