STTCOMP BET FA LONG Betmakers TechnologySP $0.07MC ~$29m SOI...

STTCOMP BET FA LONG

Betmakers Technology

SP $0.07
MC ~$29m
SOI ~400m

"Betmakers Technology Group Ltd (BET, formerly The Betmakers Holdings Ltd ) is licensed to conduct race wagering and sports betting, under the Bookmakers and Betting Exchange Act 1998 (Norfolk Island). The group acquired and integrated DynamicOdds & Global Betting Services." - description from Morningstar.

Update of 23/07 says
"• Positive underlying EBITDA for the June 2019 quarter
• Positive cashflow expected for September 2019 quarter
• Updated guidance for FY20 of $3.4mil to $3.7mil EBITDA on expected revenues of$10mil
• Completed current payment obligations for acquisition of DynamicOdds Pty Ltd andC.D.K Software Limited
• Completed current payment obligations for acquisition of Global Betting ServicesPty Ltd
• Secured strategic investment from Tekkorp Holdings LLC"

Ann of 31/07 states that

"BetMakers Technology Group Ltd (ASX:BET) (the “Company” or “BetMakers”) today announced adeal with Racing Victoria for the use of BetMakers’ technology to provide real-time data andinformation on horses loading into barriers before races.Barrier Tech is a new technology developed for Racing Victoria in a partnership that allows theAustralian racing body to capture data from the loading of runners into barriers prior to a race,which provides critical information for punters and will be monitored for integrity purposes.The real-time data is transmitted by BetMakers’ systems to on-track digital screens and can alsobe transmitted to other racetracks and directly integrated with wagering operators for theirinternal trading teams to monitor, as well as display for their customers."

pmd3nka (holds)