BetMakers seeks new CFO as Pullin resigns ahead of Punting Form deal

BetMakers has informed investors that Anthony Pullin has resigned as Chief Financial Officer (CFO) of the ASX-listed wagering technology group.

Pullin, who has served as BetMakers’ financial lead since 2018, will end his CFO tenure on Wednesday, 27 March.

CEO Jake Henson thanked Pullin for his significant contribution to BetMakers’ growth and development.

“Over the past 5 years, Anthony has been a valued senior team member, adding financial rigour to our business. He leaves BetMakers in a strong position, with the foundations now in place for the company to achieve profitability. We wish Anthony all the very best for his future endeavors, where I have no doubt that he will be an extremely highly valued team member.”

The board of BetMakers has initiated an executive search to appoint a new CFO, in which it will provide an update in due time.

In the interim period, BetMakers’ Group Financial Controller, Warrick van der Merwe, will act as interim CFO. Warrick has been with the company for approximately 3 years and previously led the Australian and Group financial reporting teams, reporting directly to Pullin.

Further corporate developments saw BetMakers announce that it had satisfied ‘special events and deeds’ to acquire Punting Form, a specialist data provider for North American horseracing.

BetMakers will proceed to put forward an AU$ 3m offer to acquire Punting Form, consisting of $0.5m in cash with the remaining offer to be determined by the board.

Jake Henson said, “This represents the completion of the initial consideration for the Punting Form business and we are pleased with the development of the product as well as the underlying performance of the business so far.

Over the next 12 months, BetMakers will further integrate the Punting Form asset into our core offering, including the NextGen wagering platform.