They now own two other businesses - Global Betting Services (GBS) and Dynamic Odds. These are businesses used by all the bookies which have long-term contracts, as well as punters. Hence, revenue is really high, and I believe they're aiming at 3m+ EBITDA for FY20. The way I understand it is, they offer data services to wagering participants, whether that is bookies, or racing bodies such as Racing Victoria/Racing NSW etc. The business has the capacity to grow in Australia, by ramping up their service to racing bodies, as well as internationally (The US). I reckon BET can piggyback on Pointsbet's success in the US and hopefully generate some hype, as well as growing EBITDA.
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9 | 485083 | 0.080 |
5 | 226127 | 0.079 |
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4 | 98741 | 0.077 |
Price($) | Vol. | No. |
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0.083 | 28161 | 2 |
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