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Betmakers Technology Group Ltd (ASX:BET) Quarterly Activities Report
Quarterly Activities ReportSydney, July 26, 2021 AEST (ABN Newswire) - The Board of BetMakers Technology Group Ltd ( Quarterly highlights - 71% increase versus Q3 FY21 and 272% increase versus Q4 FY20 - Completion of acquisition of Sportech racing, tote and digital business - Fixed Odds Bill passed unanimously in Senate and General Assembly in New Jersey - Acquisition of Form Cruncher and Swopstakes assets - Placement shares issued to wagering industry leader Matt Tripp - Closing cash balance of $120mil The Company recorded its strongest quarter to date with $8.91mil in cash receipts from customers in Q4 FY21. This was up from $5.2mil (+75%) on the previous quarter (Q3 FY21) and a (+272%) increase on comparison Q4 FY20. A summary of the Company s historic quarterly performance is tabled in link below . ....
Betmakers Technology Group Ltd (ASX:BET) Update on Tabcorp and BET s International Growth Strategy
Update on Tabcorp and BET s International Growth StrategySydney, July 5, 2021 AEST (ABN Newswire) - BetMakers Technology Group Limited ( ASX:BET) (T07.F) has today received notification that Tabcorp Holdings Limited ( ASX:TAB) has decided it will pursue a demerger strategy for its business. As a result of the engagement with Tabcorp to date, and instead of the Company progressing its previously announced (May 28, 2021) Indicative Proposal, BetMakers and Tabcorp will continue discussions in relation to commercial opportunities in international markets. These discussions are consistent with BetMakers plans to be the leading provider of B2B services to wagering operators around the world. The Company s international growth plans have accelerated in recent weeks following the respective announcements of Fixed Odds progress through the New Jersey legislature ....