Betmakers Technology Group Ltd
BetMakers Technology Group Ltd is an international provider of advanced wagering technology, data, content, and service solutions with a footprint that spans the racing and betting markets.
The business
BetMakers Technology Group Ltd is an international provider of advanced wagering technology, data, content, and service solutions with a footprint that spans the racing and betting markets. The Company is engaged in the development and provision of software, data, and analytic products for the business-to-business (B2B) wagering market and the production and distribution of racing content. Its segments include Global Betting Services and Global Tote. The Global Betting Services segment provides customers with a variety of racing software, data, and analytical tools. This includes basic race data, such as pricing, runners, and form, as well as analytical tools to consume and leverage the data, and wagering tools, such as platforms and managed trading services. It also assists racing bodies and rights holders in producing and distributing race content. The Global Tote segment includes the provision of tote software and integrations to facilitate tote liquidity and resulting.
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Latest news
Betmakers Ends Transformational Year with Strong Financial Results and Positive Cash Flow
The three-month period to end June completed a transformational year for BetMakers Technology Group (ASX: BET), with investments in technology, product development and operational efficiency translating into strong financial results and positive cash flow. The company’s revenue rose to $22.6 million, representing an 8.9% increase on the previous quarter and more or less in line […]
BetMakers accelerates financial transformation strategy in drive toward profitability
Wagering specialist BetMakers Technology Group (ASX: BET) has accelerated its transformation strategy in a bid to move closer to profitability. The company has focused on lowering its cost base, exiting unprofitable contracts, restructuring operations and rebuilding its core technology platform to produce annual improvements in operating expenses and adjusted EBITDA. Key initiatives have included $5.1 […]
BlueBet and betr join forces to create competitive new wagering service
BlueBet (ASX: BBT) will join forces with online bookmaker betr in a move expected to create a larger and more competitive online wagering service for the Australian market. Under the terms of the merger, Bluebet will acquire NDT Pty Ltd (the owner of betr) by way of an asset purchase in return for the issue […]
ESG friendly versus sinful stocks: which ones perform the best?
In a new era in which environmental, social and governance (ESG) considerations have been enshrined in the way fundies pick their shares, the so-called ‘sin’ stocks had been largely discounted as relics of the past. Until Woolworths’ spin-off Endeavour Group (ASX: EDV) came along, that is. By virtue of Endeavour’s sheer size and pure-play focus […]
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