Tag Archives: BetMakers Technology Group

BetMakers Technology Group Ltd has secured an agreement with UK Tote Group for the provision of its Quantum software tech. The Australian company’s Quantum platform will now serve as the core pools wagering platform across UK Tote Group-partnered racecourses, providing additional technical support for inbound comingling, such as World Pool events. BetMakers’ deal with the Tote – which as operator …

BetMakers Technology Group has released its financial results for the second half of 2024 which demonstrates an improved growth outlook. Throughout the period, the company delivered technology upgrades, new platform launches and reduced operating costs. Looking at the figures, BetMaker’s adjusted EBITDA loss was reduced to AU$1.3m for 1H FY25 (July – December 2024) from AU$1.4m in 1H FY24, whilst …

BetMakers Technology Group has announced its acquisition of RACELAB’s global assets, along with the amendment of its Betr agreement. The move adds leading race form, preview, and statistics technology to BetMakers’ ecosystem, as well as proprietary fixed odds pricing technology and associated algorithms. Meanwhile, the acquisition also offers potential for BetMakers to further expand its services in the harness and …

A succession of new partnerships and continuing of long-term client relationships has driven  strong trading performance for BetMakers Technology Group during Q4 of the 2023 financial year. At the close of the three month period ending 30 June 2023, the ASX-listed betting technology supplier declared cash flow of $41m, driven by a 5% quarter-on-quarter increase in cash receipts to AU$24.8m …

BetMakers Technology Group has signed two new contracts this week, renewing its existing partnership with Dabble in Australia and partnering with Parx Racing in the US. The prior contract in the company’s home market of Australia enables the continued use of BetMakers’ Price Manager technology solution, eyeing up a strengthened position in the local racing market. BetMakers added that the …

Australia-based international betting solutions provider BetMakers Technology Group has detailed progress on its operational restructure, as the firm seeks to streamline its business model. The company updated its ASX investors that the operational review it has been undertaking over the past four months will lead to a reduction in operating costs – from AUS$91.5m in H1 FY2023 (June 2022-June 2024) …

Australia-based betting technology firm BetMakers Technology Group has completed a major milestone in North America, supporting the launch of MonmouthBets. MonmouthBets will accept wagers from New Jersey’s Monmouth Park from 13 May onward, building on BetMakers’ launch of retail fixed odds horse racing at the track in 2022. The product, regulated by the New Jersey Division of Gaming Enforcement, marks …

Global Racing Network, a subsidiary of BetMakers Technology Group, has been awarded the rights to distribute thoroughbred racing content from Malaysia’s Selangor Turf Club. The racing content will be used for fixed odds, booked bets and exchange wagering across the UK and Ireland. Kerry Gatten, Vice President of Global Racing Network, commented: “At Global Racing Network we believe that Selangor …

BetMakers has signed an agreement with the Royal Sabah Turf Club, providing its solutions to the Malaysian racecourse operator and its betting network.  The five-year deal will see BetMakers deliver a tote betting system along with content management services at the Tambalang Race Course and the Royal Sabah’s off-course betting network, via its Global Tote and Global Racing Network divisions. …