well in excess of what i was expecting for initial operation av $280k turnover per week... from just 3000 account holders which in turn had doubled in number from start up .... imho i see the turnover in Vic alone will head in excess of the $1M/week mark and thats just 30% of the market.. is anyone following this ?
anyway read the report:
Performance of TV Wagering Service Two Way Limited is pleased to confirm that Sky Racing ACTIVE, the TV wagering service created by Two Way for its partners Tabcorp and FOXTEL, has performed well since launch on 28 April 2008. The service is available to FOXTEL and Optus TV subscribers in NSW and Victoria. The service provides detailed race and wagering information to viewers of the Sky Racing channel. In addition, Tabcorp account holders in Victoria may access their accounts and place bets. In the first two months of operation, wagering turnover via the service (in Victoria only) met the Company’s internal targets. As at end June 2008: • More than 3,000 Tabcorp account holders had placed a bet via the service. • More than 200,000 bets in total were placed through the service. • The average number of bets per day has doubled (from 2,000 per day in week 1, to 4,000 per day in week 9). • The average bet size has remained consistent at $9-$10.
TTV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held