Australian (ASX) Stock Market Forum

BET - Betmakers Technology Group

Jump to new
System

System

Joined
27 June 2010
Posts
4,147
Reactions
309
TopBetta is one of the world's first online social betting platforms for sports and racing tournaments that enables sports fans to compete against each other rather than against a "bookie". The TopBetta gaming platform, which won the "Social Gaming Operator of the Year" Award in 2014 and again in 2015 also provides "free to play" tournaments that enable players to win cash prizes competing against each other introducing a whole new audience to the rapidly growing online social gaming and wagering market.

It is anticipated that TBH will list on the ASX during December 2015.

https://www.topbetta.com.au
 
System said:
TopBetta is one of the world's first online social betting platforms for sports and racing tournaments that enables sports fans to compete against each other rather than against a "bookie".

https://www.topbetta.com.au
Click to expand...

Interest raised, would think something like this has some potential...never heard of it before, FB page has 1206 likes so not exactly popular, a sleeper perhaps.

TopBetta is fully licensed in Norfolk Island, Australia by the Norfolk Island Gaming Authority to accept bets via the internet.

Norfolk Island :D
 
After a catastrophic few months, Topbetta Holdings is finally seeing some movement in the right direction.

TBH has announced that it is selling its TopBetta and Mad Bookie retail businesses to PlayUp for $6million. The company claims that the pro-forma effect of the sale means TBH would see an 18% reduction in revenue offset by a 48% reduction in cost base. The sale will also mean they can focus on developing their existing wholesale and Global Tote business.

The company was re-instated to official quotation this morning and immediately headed north on the news and is currently up 36.36% to 15c.

big.chart.TBH.gif
 
On June 25th, 2018, TopBetta Holdings Limited changed its name to The Betmakers Holdings Limited.
 
Very good announcement and market response today.

A reminder of where TBH could be headed from their Investor Presentation in July.

tbh.png
 
So many betting markets, not sure how many are ASX listed under 'gambling', other than things like Crown, Star and game providers. What industry code applies to these?
Till I know more, not sure if I would take a punt , ASX or otherwise.
 
On June 26th, 2019, The Betmakers Holdings Limited (TBH) changed its name and ASX code to Betmakers Technology Group Limited (BET).
 
Betmakers Technology Group has really turned things around in the last six months, up from 2.5c to a high of 8.4c today.

It all started back on 30 April when BET announced that Las Vegas-based international wagering and gaming industry investment firm, Tekkorp Capital LLC was taking a 19.99% stake in the company via a placement of 55,991,335 fully paid ordinary shares in the Company at a price of 3c per share to raise approximately $1.68m. That bet by Tekkorp Capital has paid off very handsomely so far.

On 23 July BET announced positive underlying EBITDA for the June 2019 quarter, positive cashflow expected for September 2019 quarter and updated its guidance for FY20 to $3.4 million to $3.7million EBITDA on expected revenues of $10 million.

Today BET announced that it has launched its customised racing channel with wagering operator PointsBet Holdings Limited (PBH). Betmakers will provide its racing channel, featuring customised pricing technology, data display overlays and live vision, for PointsBet to offer their wagering customers the ability to watch over 2,000 races each week on its website and mobile app.

BET currently at 8.2c and closing in on its recent highs of 8.7c. If things keep going BET's way, it could easily see 10c in the short term. Might not be a bad bet.

big.chart-BET.gif
 
greggles said:
BET currently at 8.2c and closing in on its recent highs of 8.7c. If things keep going BET's way, it could easily see 10c in the short term. Might not be a bad bet.
Click to expand...

Well, things have kept going BET's way and it has smashed through 10c today after announcing that it has signed an agreement with GVC Holdings PLC subsidiary companies GVC Services Limited and GVC Australia Pty Ltd, to form a Global Racing Partnership and roll out BetMakers' propriety technology and wagering products in Australia and other International markets.

GVC Holdings PLC, which owns Ladbrokes Coral Group PLC, is the UK's largest high street bookmaker.

The announcement outlines the following approach to implementation of the agreement:
In Australia, BetMakers will extend its Fixed Odds and Price Manager system services to cover all Ladbrokes Australia brands of Ladbrokes, Neds, Betstar and bookmaker.com.au and has also agreed to integrate the BetMakers live streaming racing channel with each brand’s digital platforms.

In the UK, BetMakers will integrate its global racing technology products, starting with a custom-built trading platform, on to GVC Holdings PLC’s brands Ladbrokes and Coral, with integration to start immediately and the first product expected to be live during Q4 of CY19.
Click to expand...

No specifics on anticipated revenue but on the surface the deal would appear to be one very beneficial to BetMakers.

The market has received the news well, with the BET share price currently up 80.4% to 17.5c on heavy volume of around 10 million shares.
 
greggles said:
Well, things have kept going BET's way and it has smashed through 10c today after announcing that it has signed an agreement with GVC Holdings PLC subsidiary companies GVC Services Limited and GVC Australia Pty Ltd, to form a Global Racing
Click to expand...

I met one of the main guys from "TopBetta" a few years back. Been a rocky road but good to see they have hung in and doing 'betta':rolleyes: Tough market the gambling space. Unfortunately missed your call in September Greg, but it was on the money again!
 
BET closed on it's high @ 0.44c last Friday.. chart looking bullish imo for this week ahead & 4c report to come within next 5-7 days.. perhaps a 'good omen' from insider's in the know!?
 
Betmaker's Technology BET to benefit big $$ from surge in recent online betting across all the bookie's! plus US expansion on the horizon as well (to implement same successful technology/strategy etc. as used here in Australia)
-------------------
Financial reports released by some of Australia's most popular online betting companies show they have been raking it in during the pandemic.

Tabcorp's digital wagering turnover grew by 3.8 per cent in the 2019–20 financial year to $7.1 billion, while its retail turnover tumbled 27.9 per cent to $5.4 billion.

Sportsbet's parent company, Flutter Entertainment, reported that its Australian operating profits were close to $200 million in the six months to June 30, with online net revenue up 45 per cent in the first half of the year.

Ladbrokes parent company, GVC Holdings, also recorded a 43 per cent lift in profits over the same period.

"Online gaming trends remain ahead of pre-COVID-19 levels," the company said earlier this month.

https://amp-abc-net-au.cdn.ampproje...covid-19-sportsbet-ladbrokes-tabcorp/12758084

DYOR
 
BET is top pick in the tipping comp.
Continued strong news flow. Increased exposure to US, UK and European markets with the recent acquisition of Sportechs racing and digital assets. Completed $50 million placement with a director buying on market during this process 13 cents higher than placement price.
Without the dip in Feb/March, it would be a stretch to find a healthier chart on the ASX.
 
doesn't the technical chart look nice here!!!
and a strong team behind the charge...
 

Attachments

  • Screen Shot 2021-05-10 at 11.22.28 am.png
    Screen Shot 2021-05-10 at 11.22.28 am.png
    222 KB · Views: 17
how has this stock not been in greater focus for a lot of you technical traders out there? Or maybe it has hence the nice ride and construction of the uptrend phase
 
Top