BetMakers Technology has notified investors that it has entered a definitive share purchase agreement to acquire horse racing intelligence and rating systems provider Punting Form. A purchase agreement has been reached with Punting Form owner ABettorEdge Pty, which will see BetMakers take over all proprietary IPs and artificial intelligence of the technology. It will be used to continue the enhancement …
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As the ink dries on a number of partnership contracts, BetMakers’ CEO Todd Buckingham is confident in the company’s financial future as FY22 revenue rose by 371% from the previous year. As detailed in its FY22 financial report, the Australian sportsbook technology and software provider revealed that revenue (June 2021-June 2022) stood at AUS$91.6m (2021: AUS$19m). Adjusted EBITDA was positive …
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Australian sports betting tech supplier BetMakers has made amendments to a partnership between its OM Apps subsidiary and the soon-to-be-launched NTD wagering venture. This will see the annual cap payable by NTD to OM Apps increased by an incremental AUS$2m per annum during the initial 10 year term, and any additional extended term beyond this. As a result, the maximum …
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Australian sports betting solutions supplier BetMakers has detailed a successful close to its 2022 financial year trading, as group revenue grew 370% year-on-year. The firm, listed on the ASX stock exchange, achieved revenue of $91.6m for the full year, finishing June with a cash balance of AUS$87.6m and Q4 revenue ‘in excess’ of $100m. Additionally, in the final quarter BetMakers …
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BetMakers has made further inroads on the European sports betting space, signing an agreement with Norway’s Norsk Rikstoto. The 10-year agreement will see BetMakers provide new tote technology and services to the Norwegian horse racing pari-mutuel betting operator, including its Quantum tote engine as part of a fully managed SaaS solution. Quantum will be used to replace the current pari-mutuel …
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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. …
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Venture capital fund Tekkorp Capital has announced that it will launch a new sportsbook business in Australia, partnering with the Murdoch family’s News Corp Australia media subsidiary. Expected to launch in the latter half of this year, Tekkorp’s venture will be led by Australian market figurehead Matt Tripp, Founder of Sportsbet AUS, who will be charged with establishing Australia’s next …
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Sportech Plc has backed its ongoing transformation strategy and focus on cost management, as the London AIM-listed racing and wagering systems provider declared statutory profits of £34.6m today. The much-improved bottom-line results see the firm reverse full-year losses of £12m recorded during 2020 trading. 2021 developments saw Sportech complete the disposals of its Global Tote business to BetMakers – Bump …
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BetMakers Technology Group will further develop its fixed odds and racing wagering products after signing a new, long-term partnership with Racing and Wagering Western Australia (RWWA). Under the terms of the agreement, BetMakers will provide fixed odds win, place and exotic bet types for all codes of racing across all RWWA’s sales channels including TABtouch as well as more than …
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Technologies from Global Tote, a BetMakers company, have helped British racing’s World Pool expand to new racecourses across the UK. Praising its Quantum technologies and services, Global Tote revealed that World Pool has been rolled out to 17 race days across six racecourses in 2021. The BetMakers company also noted that in the last 12 months it has added a …
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