Tag Archives: BetMakers

BetMakers Technology Group will repay all outstanding corporate debt, having secured new financial commitments from investors. The ASX-listed racebook and sportsbook technology provider has locked in firm commitments worth AU$12.5m (€7.8m) from professional investors via an institutional placement priced at AU$0.10 per share. The raise includes a AU$1m commitment from Tekkorp Holdings, the gambling investment fund of BetMakers’ President Matt …

Sports betting platform betM is looking to optimise its Australia offering by fully migrating its technology infrastructure to BetMakers.  The transition, which has now been finalised, includes the transition to BetMakers’ Apollo platform and leveraging its Managed Trading Services (MTS) suite.  Lucas Hopkins, Head of Commercial at BetMakers, said: “BetMakers is very pleased to welcome betM to the BetMakers’ Apollo …

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 …

Sportradar’s sportsbook customers can now enjoy an enhanced horse and greyhound racing offering due to a new integration between BetMakers and Podium. In a joint announcement, the two parties confirmed that their racing wagering tool, AdVantage Platform, will be integrated into Sportradar’s ORAKO sportsbook solution for full access to global racing events.  Jake Henson, CEO at BetMakers, said: “We are …

BetMakers Technology Group has extended its partnership with Australia-based wagering operator Sportsbet. The enhanced agreement will see BetMakers continue to supply Sportsbet with its pricing and data solutions that will further expand the global footprint of the latter’s racing book.  Leveraging BetMakers’ global race day control technology will allow Sportsbet to optimise its market management, racing event life-cycle, as well …

BetMakers Technology Group has expanded its partnership with Dabble to help the latter enter the UK market.  Dabble, a racing and sports betting provider based in Darwin, Australia, will integrate BetMakers’ Price Manager technology and Racelab form product to strengthen its international presence.  Jake Henson, CEO of BetMakers, said: “We’re thrilled to strengthen our partnership with Dabble as they take …

BetMakers Technology Group has closed a significant deal to integrate technology that would enhance its upcoming GTX platform.  The contract with wagering software developer Protocol Zone Private Ltd ensures that BetMakers receives digital tote technology, API data feeds, proprietary trading and ratings models from Protocol Zone’s arsenal.   BetMakers’ proprietary software GTX is expected to launch sometime this financial year, with …

BetMakers’ Executive Chair Matt Davey lauded “significant results” from the betting technology provider’s transformation strategy as improvements were revealed in the firm’s Q2 FY2025 results.   Throughout 2024, the ASX-listed betting systems provider implemented several initiatives to enhance its operational efficiency – including a 6.4% reduction in staff costs and a 24-month, $3m debt facility with Tekkorp Holdings to provide additional …

BetMakers Technology Group has signed a new partnership with Australian wagering operator betr.  The deal will see betr receive the former’s fixed odds solutions, content, and data services that will be tailored for the local market.  One of these solutions is BetMakers’ Price Manager tool, which offers all-in-one fixed odds wagering that combines automated trading strategies with the firm’s proprietary …

BetMakers Technology Group has enhanced its reorganisation strategy to lower operating expenses and improve cost controls of the ASX-listed betting systems supplier.  Thanks to a series of implemented initiatives to generate further operational efficiencies, BetMakers is now expecting operating expenses to drop below the previously outlined $60m target. Some of the initiatives include reductions in staff costs, corporate function centralisation …