Australia-based online gambling firm Favourit Global has launched a public offer through a reverse takeover of Australian Stock Exchange (ASX)-listed Celsius Coal in an effort to raise Aus$6 million (€4.1 million/US$4.6 million).
Matthew Tripp, founder and chief executive of Australian online betting website Crownbet, said that the company is set to achieve profit this year, despite having suffered losses in the latter part of 2015.