Australian based gaming company Two Way has been given a trading halt by the Australian Securities Exchange, as the company is set to make a key capital raiding announcement.
Two Way, which develops interactive television gambling services has not made an announcement as to where funds will be placed, but reports have stated that the company is making strides toward increasing its revenue stream.
Currently Two Way is Australia's only TV wagering service. More than 25,000 punters have placed a bet on the TAB Active Interactive TV Service via the Foxtel Platform, all of which is utilizing Two Way service. Two Way has stated that players have made more than 15.5 million bets with turnover exceeding A$137 million.
Two Way service was recently extended to include Racing and Wagering Western Australia and TattsBet Limited, and there is a strong possibility of additional relationships being built throughout Australia and out of country.
Current Two Way clients include:
- Optus TV
- Sky New Zealand