Betmakers Technology Group Ltd (ASX:BET) Quarterly Activities - Cashflow Report
Quarterly Activities - Cashflow ReportSydney, Jan 29, 2021 AEST (ABN Newswire) - The Board of BetMakers Technology Group Ltd (
QUARTERLY HIGHLIGHTS
- Clear pathway for Fixed Odds legislation on Horse Racing in New Jersey
- Expected net cash of more than $35.0M post completion of the Acquisition
- Cash receipts for the 1H FY21 up 90% on previous half
- Annualised cash receipts at $16.0M
The Board is pleased to report another strong quarter following the substantial growth delivered by the Company in Q1 FY21. These results have contributed to cash receipts for the first half of FY21 being $7.9 million, an increase of 130% on the comparative period in FY20.