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 …
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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 …
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Australia-based BetMakers Technology Group Ltd has released its latest quarterly financials, revealing a continued focus on operational efficiency through reduced staff costs. For the three months ending 30 September (Q1 FY25 in Australia), BetMakers achieved a 6.4% QoQ reduction in staff costs and brought them down to AU$11.7m (£5.9m) from the previous AU$12.5m (£6.4m). EBITDA stood at a AU$1.2m loss …
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BetMakers has notified investors that it expects to “normalise its operating cost base” by the end of full-year 2024 trading. The objective was outlined in the concluding statement of the ASX wagering technology group’s FY2022/2023 investor update, published on 30 August. Tough trading saw BetMakers miss the targets of its corporate consensus as group revenues increased by only 3.7% to …
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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) …
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BetMakers and 1/ST Content have signed a non-binding agreement targeting several international markets, with the UK and Ireland highlighted in particular. The partnership will focus on delivery of BetMakers’ North American horse racing content to established global betting markets, distributed via the Australia-based firm’s Global Racing Network. This will include fixtures from race tracks such as Kentucky Downs, Charles Town, …
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Tekkorp Capital has made its latest strategic investment, leading a non-brokered private placement of units in B2C and B2B sports betting firm FansUnite. Conducted at a price of $0.08 per FansUnite unit, the offering totals aggregate gross proceeds of $2m and sees Tekkorp acquire 13,750,000 financing units in FansUnite, corresponding to shares in the firm. The offering forms part of …
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BetMakers Technology Group finalised a six month period of ‘significant investment’ with strong revenue growth across two of its core verticals, amid major commercial developments for the firm. The B2B betting technology supplier, an ASX-listed enterprise, revealed revenue for 1H23 (1 July-31 December 2022) of A$46.7m, up 7.5% on corresponding H122 earnings of A$43.5m. On the other hand, the group …
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International gambling advisory group Tekkorp Capital has announced changes to its board, with President Robin Chhabra promoted to CEO. Matt Davey, the company’s founder, will now assume Chairman responsibilities, whilst Mark McMillan has also been confirmed as a new partner in the firm. Commenting on the board changes, Davey remarked: “Tekkorp Capital has grown rapidly over the last couple of …
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Ahead of its Q2 FY23 earnings call later today, BetMakers has announced some major changes to its Board, citing a need to address operational deficiencies to maximise and increase profits The long-time CEO of BetMakers, Todd Buckingham will transition to the role of Chief Growth Officer, whilst Jake Henson will step up to the CEO role, having previously been Chief …
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