RaaS Interview with Matt Davey, page-15

My understanding of the Sportech acquisition was that Sportechs revenue was around $47m AUD at time of purchase.

And there has also been a couple of other tiny revenue acquisitions (eg Form Cruncher) in the past couple of years - which may have added another $1m or so in revenue.

So I would think that organic growth from the original Betmakers business (which was around $9m in late 2020) and also from the Sportech business (post acquistion) have been really strong.

And the organic growth revenue prospects for BET going forward look really strong - through Global Tote & fixed odds & other.

Now, with Matt Davey heavily involved, they need to increase their gross margins & reduce their fixed overheads.

So with $100m + AUD revenues (which should continue to grow strongly), they become the consistently profitable beast we imagined when we invested in BET.