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BETMAKERS TECHNOLOGY GROUP LTD — Capital/Financing Update 2018
Dec 2, 2018
64512_rns_2018-12-02_ecf2f395-fd85-42bc-b6ec-e33cb83e4931.pdf
Capital/Financing Update
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The BetMakers Holdings Limited ABN: 21 164 521 395 Phone: 1300 886 503 Fax: (02) 4962 2553 22 Lambton Road Broadmeadow NSW 2292
3 December 2018
BetEasy signs Agreement with The BetMakers
Highlights
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TBH signs Agreement with Australian wagering operator BetEasy
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Extended deal begins immediately
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Update to PlayUp transaction for sale of retail assets
The BetMakers Holdings Limited (ASX:TBH) (“ Company ”) is pleased to announce that its wholly-owned subsidiary, Global Betting Services Pty Ltd (“ GBS ”), has extended and upgraded its Agreement with Australian wagering operator BetEasy Pty Ltd (“ BetEasy ”) for a further 3 years.
BetEasy is licensed in Australia’s Northern Territory and majority owned by The Stars Group. www.beteasy.com.au
While the commercial terms are confidential, the Agreement continues to push the Company to its forecasted cash flow positive 2019 goal.
CEO of The BetMakers Todd Buckingham said: “The contact extensions from BetEasy as well as the previously announced deal with William Hill Global show the importance of The BetMakers offering to wagering operators globally.”
Retail transaction update
The Company would like to advise it has received the next instalment in full, from PlayUp Australia Pty Limited of $750,000 in line with its agreement. Payment was received on Friday 30 November by the way of cheque.
The remaining $2 million is payable to the Company on or by 31 December 2018.
For further information regarding the Company, please contact:
Charly Duffy Jane Morgan Company Secretary Investor & Media Relations [email protected] [email protected] + 61 (0) 409 083 780 + 61 (0) 405 555 618
*Termination rights, reciprocal indemnities and services level agreements apply to the BetEasy Agreement.
investors.thebetmakers.com • [email protected] • Postal Address: PO Box 33 Broadmeadow NSW 2292