Betmakers has announced that it will take advantage of the depressed share price and buy back up to 10% of shares on offer on market over the next 12 months. This is the only announcement today but the share price is up 25% which seems to be a very strong reaction to the news albeit off a very low price compared to 9 months ago when it closed at over $1.30.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02534843-0EHM992RTCU37R2OH9QO0T408B/pdf?access_token=000755FFXHrZHCABiZ6M6MLoofL3

Another interesting announcement from Betmakers this morning. A minimum 10 year agreement with Rikstoto to be the provider of parimutuel betting in Norway. Rikstoto have exclusive rights in the country. I don't imagine this will have a huge impact on future reveues and reading their announcement it also is light on details around the financials of the deal but still a positive that they are landing deals across the world.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02523709-3G9TQFUCTS8BJHU29TD597JU2J/pdf?access_token=0007zhCcLk4RZoV1NxM9CJ8smwBk

BET is currently in a trading halt. One would assume it would relate to the recent media speculation over the past couple of months regarding News Ltd and Matthew Tripp (creator of BetEasy and Sportsbet) launching a new betting agency. As the article linked below suggests, Betmakers will likely supply the OS for the new operation given Tripp is an advisor to the company too

https://www.smh.com.au/business/companies/news-corp-settles-on-bookmaking-launch-with-tripp-partnership-20220419-p5aeja.html