BET too, is heading in the right direction.

Q1 FY22 Quarterly Activities Report for the period ending 30 September 2021

$21.0 MILLION IN CASH RECEIPTS - UP 135% ON PREVIOUS QUARTER

Quarterly highlights

BetMakers Chief Executive Officer, Todd Buckingham said:

“The past quarter is a very pleasing result for the Company. We have seen an impressive uplift on our strong base of domestic operations while also capturing growth in global markets that were identified by the Company as opportunities for us to expand our B2B wagering technology products and services globally.

“BetMakers has a very clear strategy for growth in Australia and the United States, and is investing in the US opportunity, which we believe has the potential to be significant. Our rollout for Fixed Odds in the US, starting in New Jersey, progressed during Q4 FY21 after being passed unanimously by the Senate and General Assembly, and signed into law by the Governor of New Jersey. Everything is on track and we are excited about the journey ahead.

“The Company is now seeing the benefit of its acquisition of Sportech’s racing, tote and digital assets. This material acquisition is a cornerstone of our future plans, and we are delighted to have welcomed staff within these businesses into the BetMakers’ team.

“With a clear strategy, focused management, highly-skilled global staff and the opening up of sizeable opportunities across the world’s wagering markets, we believe BetMakers is well placed to build upon the foundations it has now established.”

DISC~I hold in RL & SM

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02441831-2A1333787?access_token=83ff96335c2d45a094df02a206a39ff4

EDIT~added link details

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

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

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