Tag Archives: BetMakers Technology Group

BetMakers declares AU$41m in Q4 FY23 cash flow after cost reductions

BetMakers pon ‘path to profitability’ with restructuring and cost reduction

A succession of new partnerships and continuing of long-term client relationships has driven  strong trading performance for BetMakers Technology Group during Q4 of the 2023 financial year. At the close of the three month period ending 30 June 2023, the ASX-listed betting technology supplier declared cash flow of $41m, driven by a 5% quarter-on-quarter increase in cash receipts to AU$24.8m …

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BetMakers signs deals home and away with Dabble and Parx Racing

BetMakers signs deals home and away with Dabble and Parx Racing

BetMakers Technology Group has signed two new contracts this week, renewing its existing partnership with Dabble in Australia and partnering with Parx Racing in the US. The prior contract in the company’s home market of Australia enables the continued use of BetMakers’ Price Manager technology solution, eyeing up a strengthened position in the local racing market. BetMakers added that the …

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BetMakers on ‘path to profitability’ with restructuring and cost reductions

BetMakers pon ‘path to profitability’ with restructuring and cost reduction

Australia-based international betting solutions provider BetMakers Technology Group has detailed progress on its operational restructure, as the firm seeks to streamline its business model. The company updated its ASX investors that the operational review it has been undertaking over the past four months will lead to a reduction in operating costs – from AUS$91.5m in H1 FY2023 (June 2022-June 2024) …

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BetMakers takes stateside leap as MonmouthBets goes to market

BetMakers takes stateside leap as MonmouthBets goes to market

Australia-based betting technology firm BetMakers Technology Group has completed a major milestone in North America, supporting the launch of MonmouthBets. MonmouthBets will accept wagers from New Jersey’s Monmouth Park from 13 May onward, building on BetMakers’ launch of retail fixed odds horse racing at the track in 2022. The product, regulated by the New Jersey Division of Gaming Enforcement, marks …

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BetMakers’ Global Racing Network to distribute Selangor Turf Club content across UK and Ireland

BetMakers Selangor Turf Club

Global Racing Network, a subsidiary of BetMakers Technology Group, has been awarded the rights to distribute thoroughbred racing content from Malaysia’s Selangor Turf Club. The racing content will be used for fixed odds, booked bets and exchange wagering across the UK and Ireland. Kerry Gatten, Vice President of Global Racing Network, commented: “At Global Racing Network we believe that Selangor …

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BetMakers to upgrade Royal Sabah tote system with Quantum solution

SBC News BetMakers to upgrade Royal Sabah tote system with Quantum solution

BetMakers has signed an agreement with the Royal Sabah Turf Club, providing its solutions to the Malaysian racecourse operator and its betting network.  The five-year deal will see BetMakers deliver a tote betting system along with content management services at the Tambalang Race Course and the Royal Sabah’s off-course betting network, via its Global Tote and Global Racing Network divisions. …

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RWWA enhances wagering offering through BetMakers deal

RWWA enhances wagering offering through BetMakers deal

BetMakers Technology Group will further develop its fixed odds and racing wagering products after signing a new, long-term partnership with Racing and Wagering Western Australia (RWWA).  Under the terms of the agreement, BetMakers will provide fixed odds win, place and exotic bet types for all codes of racing across all RWWA’s sales channels including TABtouch as well as more than …

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Raj Sanjanwala selected as new COO for BetMakers’ Global Tote division

SBC News Raj Sanjanwala selected as new COO for BetMakers’ Global Tote division

Global Tote, a division of BetMakers Technology Group, recently announced the appointment of Rajen “Raj” Sanjanwala to the role of Chief Operating Officer.  Praised as an experienced technology professional with extensive experience in the international pari-mutuel wagering industry, Sanjanwala previously served as the Head of Tote Development for Sportech Racing and Digital, and most recently as Chief Technology Officer for …

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Pronet expands into horse racing with BetMakers partnership

SBC News Pronet expands into horse racing with BetMakers partnership

Pronet Gaming has made its debut into the horse racing betting market, having secured a partnership with BetMakers Technology Group. The London-based platform provider’s sportsbook clients will gain access to over 250,000 races per year from over 20 different countries, including the UK, Republic of Ireland, Australia and the US, as well as greyhound and harness racing fixtures. Incorporating live …

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BetMakers given the green light to acquire Sportech

BetMakers given the green light to acquire Sportech

BetMakers Technology Group has completed an AU$50 million placement which will support its acquisition of Sportech‘s racing and digital assets. Sportech’s shareholders approved the acquisition yesterday, with the deal including its US, UK and European racing and digital assets valued at £30.9 million. Through the agreement, BetMakers will make an initial payment of £6.2 million before paying the balance of …

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