BetMakers has announced that its Global Tote division has been chosen by Selangor Turf Club to be the exclusive provider of a new pari-mutuel wagering solution. The 10-year agreement will see Global Tote replace the horse racing track’s current pari-mutuel wagering system with its Quantum tote engine – as part of a tote technology and service solution for the Club’s …
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BetMakers has notified investors that it expects to “normalise its operating cost base” by the end of full-year 2024 trading. The objective was outlined in the concluding statement of the ASX wagering technology group’s FY2022/2023 investor update, published on 30 August. Tough trading saw BetMakers miss the targets of its corporate consensus as group revenues increased by only 3.7% to …
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TonyBet has announced that it is integrating BetMakers’ Embedded Racebook Solution into its sportsbook and igaming platform. In the aim of offering customers an enriched betting experience on horse racing, the turn-key solution will facilitate faster implementation of a racing vertical, deliver ‘expert’ trading and risk management services and create a ‘smoother’ betting process. Alex Haig, Product Director and Country …
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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 has secured an extension of its agreement with kwiff, a UK-based betting operator specialising in providing a ‘super-charged’ service. The company will continue to leverage the ASX-listed B2B betting solution group’s worldwide racing portfolio, covering over 250,000 races from more than 20 countries. Additionally, kwiff will also integrate the BetMakers Price Manager System, utilising the solution in tandem with …
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BetMakers and 1/ST Content have signed a non-binding agreement targeting several international markets, with the UK and Ireland highlighted in particular. The partnership will focus on delivery of BetMakers’ North American horse racing content to established global betting markets, distributed via the Australia-based firm’s Global Racing Network. This will include fixtures from race tracks such as Kentucky Downs, Charles Town, …
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BetMakers Technology Group finalised a six month period of ‘significant investment’ with strong revenue growth across two of its core verticals, amid major commercial developments for the firm. The B2B betting technology supplier, an ASX-listed enterprise, revealed revenue for 1H23 (1 July-31 December 2022) of A$46.7m, up 7.5% on corresponding H122 earnings of A$43.5m. On the other hand, the group …
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Ahead of its Q2 FY23 earnings call later today, BetMakers has announced some major changes to its Board, citing a need to address operational deficiencies to maximise and increase profits The long-time CEO of BetMakers, Todd Buckingham will transition to the role of Chief Growth Officer, whilst Jake Henson will step up to the CEO role, having previously been Chief …
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2022 saw Australia’s sports betting market transformed by the break-up of Tabcorp Holdings and regulatory consensus agreed on wagering laws/standards settled across Australia’s six states. As Australian wagering enters its next evolution, Todd Buckingham, CEO of BetMakers seeks to take full advantage of changes, backing new sportsbook venture BETR and expanding the Global Tote to revitalise racing markets. ____________ SBC: …
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Australian supplier BetMakers Technology Group has contributed to the rollout of fixed odds wagering products in Jamaica, launching the offering at the Caymanas Park racecourse. The successful launch of the offering at the island’s only racetrack was conducted in partnership with Supreme Ventures Racing and Entertainment Ltd, a gaming solutions provider focused on the Caribbean region. A joint objective of …
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