Racing and Sports (RAS) Technology Holdings announced a contract it said "has the potential to be RAS's most significant to date" with Stake, which will launch its horse racing offering around the world by the end of March.The news pushed RAS's share price on the ASX up 14 per cent on Monday to a 12-month high of $1.07, giving the Canberra-based business a market capitalisation of about $49m.Stake.com is an online cryptocurrency gambling company that is banned in regulated markets like Australia but is thriving around the world, claiming to have taken more than 200 billion bets on its platform since launching in 2017 - including more than 100 million on its sports book.RAS will provide racing data and contact, a trading managing platform, risk management services and customer and generosity management tools that will be integrated into Stake's existing online wagering platform.Stake will pay RAS a percentage of the net gaming revenue generated by bets it will take on racing for two years, with the contract also including a further one-year renewal period.The RAS deal is the second move Stake has made with a small or mid cap ASX-listed stock, having reportedly taken a strategic 4.2 per cent shareholding in corporate bookmaker Pointsbet late last year.Competitor doing more than us
- Forums
- ASX - By Stock
- BET
- Ann: Amendment of Betr Agreement ahead of Betr acquisition
Ann: Amendment of Betr Agreement ahead of Betr acquisition, page-36
-
- There are more pages in this discussion • 204 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BET (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.8¢ |
Change
-0.001(1.12%) |
Mkt cap ! $84.93M |
Open | High | Low | Value | Volume |
8.8¢ | 8.9¢ | 8.7¢ | $37.32K | 424.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 130252 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 79178 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 130252 | 0.087 |
4 | 86047 | 0.086 |
1 | 50000 | 0.085 |
3 | 215841 | 0.084 |
4 | 167000 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 79178 | 2 |
0.090 | 52868 | 3 |
0.091 | 38396 | 1 |
0.092 | 50000 | 1 |
0.094 | 71920 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
BET (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online