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Betmakers Technology Group Ltd (ASX:BET) New Jersey Officially Legalises Fixed Odds Betting
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ASX 200 rises, Betmakers soars, REA Group drops on Friday 6 August 2021
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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 .
Thoroughbred Idea Foundation Preparing To Launch Third Annual Summer Prop Contest - Horse Racing News
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May 28, 2021
In Australia and antipodean iGaming pioneer Matthew Tripp (pictured) has reportedly become the third party to make an official play for the wagering and media business of local bookmaker Tabcorp Holdings Limited.
According to a report from The Australian Financial Review newspaper, the man who helped to establish online sportsbetting firm BetEasy Proprietary Limited has lodged a non-binding cash-and-scrip offer through his new BetMakers Technology Group Limited entity worth in the region of $3.1 billion. The proposed deal would purportedly see his latest endeavor hand over in the region of $768 million in cash as well as shares worth around $2.3 billion so as to take over the enterprise responsible for an estate of roughly 4,400 land-based sportsbooks spread across the length and breadth of Australia.