News and Announcements
RewardBet Annual Update 2015; Granted Four Patents & Signed a World-Wide License Agreement
- Published December 15, 2015 2:40PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
RewardBet.com provides what’s been called the most innovative product for wagering and gaming in decades. Shareholders include significant industry representatives and specialists.
In an industry that is very competitive but also extremely profitable, RewardBet was granted/accepted four patents in South Africa, Singapore, New Zealand and Australia this year. There are around 50 countries pending.
Highlights are:
- Signed world-wide license agreement with leading international virtual sports and racing provider; revenue expected Q1 2016.
- Advanced talks/NDAs with many operators in Australia and internationally. Multiple revenue flows expected in 2016.
- An extremely lean operating base (close to cash-flow positive with only a proof of concept site) with a very profitable software licensing/turnover model augurs well for future expansion across virtually all operators world-wide in the racing, sports and casino industries.
ABOUT REWARDBET:
RewardBet is a patent protected (50+ countries; granted and pending) and award winning product designed to significantly enhance the betting experience for customers, and increase revenue for operators across: Racing, Sports and Casino betting.
Invented by an Internet Betting Pioneer,RewardBet has been rightly described as the most innovative development in wagering and gaming for decades. With a world-wide licensing agreement already signed, a track-record of engagement which will lead to further deals and two rounds of investment behind them, RewardBet is seeking funds to realise their global potential.
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