Noting that the NJ Senate Committee passed the Fixed Odds Bill 40 For O Against last night. Now it goes to the Governor for signing. Foxbet and Tabcorp will be closely watching. Tabcorp have completed their review and the market should hear something this week in regards to their plans for their wagering and media division.

BET Has just come out of this trading halt slumber I need surprise acquisition of sports tech racing tote and digital businesses has been well received by investors and is it my honest opinion significantly more complimentary than the attempts with Tab Corp.  So why is this acquisition so important quite simply it significantly expands the prospect of BET's  Global customer base, technology geographical reach and more specifically targeting the elephant in the room being the United States of America. 

I take my hat off to management who have proved and shown to be significantly and highly competent over the last 18 months and can only see this company go from strength to strength as the foot print into the United States of America and now potentially Canada projects them forward

BET still has appeal as a buy at these levels as the company grows its wholesale offerings to bookmakers, with a specific focus on the rapidly expanding US market, where we see great potential. The Yanks in the states really seem to be taking a liking to this company and intern shall provid greater footprint entry into all existing 50 states in the USA

Betmakers making a 4b bid for Tabcop's wagering business. Not bad for a company when you were going he was less than $.0.20.  With Canada about to open up and American Commonwealth states scrambling to pass legislation Betmakers looks like it has a very bright future in front of it self

I note in parallel good solid strength with both at makers and PointsBet and suggest that the room is associated with that makers and their acquisition will complement both companies moving forwards, potentially aiding their international aspirations primarily Canada and USA.

Where there is smoke there is fire and I am loving this controlled fire that may provide the melting of marshmallows in the delight  it may bring in parallel to that makers and pointsbet. 

Little bit of a hit to bed makers overnight as New Jersey legislators authorised the bill that has provisions for operators to pay 50% profit on fixed odds waging to the horse racing industry. I see this as a blimp only as long as other states do not take the same approach. Long-term and with potential now to put his foot into the lucrative Canadian market I am still long term on this Coy. 

There's been rumbling about Betmakers in the last few weeks and if I had any cash I would have put in a starting position last week. 

I hold PointsBet PBH in a starter position. 

With both its a nice way to click into a very interesting new market, the USA sports betting as it opens up state by state. 

Bet is good to have on your radar. :) 

If you are looking for solid profits or juicy revenue you won't find them here, but take a punt and read on, not every good idea fits neatly into your excel spreadsheet. 

A couple of months ago BET made a very interesting announcement to the market. Matthew Tripp made a $25m investment in the company and agreed to partner with BET to accelerate the growth of its B2B wagering strategy. This was attached with two (very generous) tranches of options. that will see him make a lot more money if he can deliver a transformative deal in the next two years that meets the stipulated requirements.

Matthew Trip started Sportsbet for ~ 250K and ran it until it was ultimately sold in 2011 to Paddy Power for $388m. He was then employed by Crown to run their wagering arm BetEasy before it too was sold.

Long story short, Matthew Tripp is a massive winner, big time! If I was to BET on one thing, it would be that this guy will get a deal done. His incentives to do so are extremely high and the guy is far too sharp to leave multiple millions just sitting on the table. 

Now, will he deliver a deal that will add value for the company after paying him a rather egregious fee? 

Fair question. Here is the good news...

“It Doesn’t Matter” 

We are amid some of the most speculative times in memory, a time where a pair of digital sneakers will set you back $25k. If the director of an ASX company found $50 bucks in the carpark and announced it to the market, the stock would probably gap up 20%.

Whether Matt Trip delivers a deal that is truly transformative or just whether he delivers an average deal that just managers to gets himself paid, either way The SP will be heading higher.

Remember your job is not to figure out what the market should do, it is to anticipate what the market will do.

Any deal will be presented with all the bells and whistles, creating maximum hysteria and hype and the market will do what it does best, react with induced panic, excitement and FOMO. 

I belive that Betmakers is making the same progress upwards as Pointsbet (end user) although different business models, but from a long term background play. Pointsbet is the end user but its actually Betmakers the business in the background that will deliver long term results. The companies with affiliation to Betmakers will be the ones that drive the market of betting but its the innovation in the backend which will be the winner (Dont need marketing hype and big name sportspeople unlike frontend players like Pointsbet) while Betmakers will continue to innovate in the back end with a diverse range of clients this will help them stay infront of what different markets needs which will intern help overall business development, so while all End Users all compete for market dominance Betmakers will be piggy backing them all so to speak. I beleive currently things are looking up in terms of US strategy and other countries, let alone our own. I look forward to see what next year or two brings, I'd imagine with the odd expansion headaches. But very positive outlook I would have thought.

Disc: I hold BET shares and enjoying the ride.... 

Financial Overview

BetMakers is well positioned to continue to deliver strong growth in its domestic market as well as key international markets including the US

•  H1 FY21 revenue growth of 67% half-on-half driven by Managed Trading Services and Content Distribution, with a strong pipeline of new platform clients.
•  Q3 FY21 update - The Company is expected to generate revenues of approximately $5 million, which will deliver a 25% increase quarter-on-quarter.
•  Sportech continues to perform in line with expectations and offers immediate growth opportunities through global strategic partnerships and cross-selling of BetMakers’ product offering.
•  Sportech acquisition expected to complete Q4 FY2021.
•  Projected cash balance in excess of $100m post-completion of the Sportech acquisition and strategic investment by Matthew Tripp. BetMakers is well positioned to continue to deliver strong growth in its domestic market as well as key international markets including the US

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02358147-2A1289592?access_token=83ff96335c2d45a094df02a206a39ff4

DISC~I hold

Opportunity

Plenty of articles floating about over the last few days.

• NewsCorp (Foxbet) are interested in Tabcorps wagering and media business.
• Matt Tripp apparently involved in a bid (can't confirm if it is with Newscorp but join the dots) with the idea of involving Betmakers to do all the backend of TAB eventually.
• Sticking point is Racing NSW and Peter Vlandy as they will have the power to veto any offer as they need to ensure it is beneficial to the racing bodies. Enter Betmakers a third party which provide backend and ensure the punters, wagering organisation and racing bodies get their share of the money.
• This will also help in a move into America.
• Looking exciting.

director selling announced after market on 15/3/21 

Nick Chan and Simon Dulhunty still own large holdings but selling as the share price is trying to break through new highs doesn't help the share price stay above $1

Pointsbet acquire Banach a B2B tech platform to optimise inplay gambling, a great pick up by PBH

But I wish Betmakers had got their hands on it

I'm excited to see what Matt Tripp is working on with massive share incentives to bring company changing deals to the table if revenue and EBITDA is increased by 100% as a result of the deal he recieves 32 million shares as performance rights and 32million shares as options @70c

Time is of importance as BET is currently operating from a small base and It would be easier to achieve high percentage improvements as half year results = revenue of $7.59 million and EBITDA $0.04million

MATT TRIPP LEADS $75M STRATEGIC PLACEMENT INTO BETMAKERS

HIGHLIGHTS:

• Matt Tripp signs exclusive partnership with BetMakers

• Acceleration of BetMakers’ global B2B wagering strategy

• Top institutional funds continue their support for BetMakers

• $25 million investment by Matt Tripp

• CEO Todd Buckingham signs new 3-year commitment to drive next phase of growth

DISC: I hold

Q2 FY21 Quarterly Activities Report For the period ending 31 December 2020 QUARTERLY HIGHLIGHTS

• Strategic acquisition of the Sportech Racing and Digital Assets

• 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

DISC:I Hold

BET-sign-Fixed-Odds-and-Global-Distribution-Deals-in-Jamaica

Highlights

· Exclusive agreements with Supreme Ventures Racing and Entertainment Ltd

· 5-year deal to manage Fixed Odds on all racing at SVREL venues and online in Jamaica

· 5-year deal to distribute Jamaican racing from Caymanas Park internationally

DISC: I hold shares

SPORTECH ACQUISTITION UPDATE: SPORTECH PLC BOARD BACKS SALE TO BETMAKERS AFTER TERMINATING TALKS WITH THIRD PARTY

Highlights

· Sportech Board announces it has terminated talks with Standard General

· Sportech Board reiterates its recommendation to shareholders for sale to BetMakers

· Sportech shareholder vote set for 24 December 2020

DISC : I hold shares

Sportech has announced that is has received a conditional proposal from a third party to acquire all of the shares in Sportech PLC.

They have also also advised that there is no certainty that a formal offer will be made as a result of this conditional proposal.

BetMakers continues to have a binding agreement with Sportech with respect to the sale of the Tote and Digital Business

BET is down 13% at the moment

Disc: I hold BET

Betmakers ambitious takeover of UK based betting B2B company Sportech 

Bill-for-Fixed-Odds-wagering-introduced-to-NJ-Legislature

Capital Raising

$35m placement to equity investors to be completed. This is an issue of 94.6 million shares at 37c a share. It values the company at around $210m and the offering is a reasonable discount to last close. 

Really interesting company with lots of growth prospects if it can deliver strong IP and products to the industry. Betting in the U.S. is set to take off and these guys have a strategy and path within that market. Definitely one to watch.