Fixed odds alone increased betting turnover by 83k in the first 4 days (NSW & VIC only)...This space grew 48% YOY....Be very interesting to see the annual report and how much more turnover we've captured
Add in QLD SA NT with tote and fixed odds, we should venture well into cashflow positive territory. Costs are roughly fixed so good leverage to future earnings and speaking to Ben it sounds like a high % will be paid out as dividends.
As saracen mentioned, longterm agreements with Tabcorp/sportingbet but more importantly we've got betfair onboard for the arrival of internet TV later in the year. We also own various patents on the technology and the industry is largely reccessionproof.
Great little longtermer.. Not much risk left, but current market cap suggests otherwise...take advantage..... get lonnnggggg
TTV Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
