News and Announcements
RewardBet FY16 Update: New Version Ready to Launch with 5 Country Patents Granted
- Published July 26, 2016 3:58PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
RewardBet’s now been granted five country patents, including Australia. They were invited to present at the world’s biggest startup conference in Paris in June – a nod to the innovation of the product.
They are about to launch their new version, which will be the world’s fastest betting interface. They have a world-wide distribution signed as well as NDA’s with other operators in many regions.
On the back of this, they are seeking expansionary capital at a significant discount for a limited time until the revenue from these overseas deals starts to flow.
ABOUT REWARDBET
Described as one of the most innovative gaming developments in decades, RewardBet is a patent protected (50+ countries; granted and pending) and award winning software product designed to significantly enhance the betting experience for customers and increase revenue for operators across Racing, Sports and Casino.
With a major global licensing agreement signed and many very forward implementation discussions with operators including four Tier 1 totes, RewardBet is seeking funding for resources to implement current opportunities and invest in future B2B licensing deals.
It is a very low-cost operation with three years of traction and growth including three rounds of investment. The opportunity for high levels of free cash flow combined with IP protection provides upside to a healthy dividend return as well as an IPO exit or trade sale.
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