BETMAKERS TECHNOLOGY GROUP LTD — Capital/Financing Update 2020

Jul 9, 2020

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10 July 2020

BETMAKERS TECHNOLOGY GROUP LTD ACN: 164 521 395 Phone: 1300 208 849 Fax: (02) 8330 6357 22 Lambton Road Broadmeadow NSW 2292

BETMAKERS WINS FIXED ODDS U.S. RIGHTS FOR 7 MORE TRACKS

Highlights

• Racing from 7 new tracks will be added to BetMakers’ Global Racing Network

• 4 Race Tracks in U.S. and 3 in Canada enter Agreements with BetMakers

• BetMakers has 10-year exclusivity on Fixed Odds in New Jersey

The Board of BetMakers Technology Group Ltd (“BetMakers” or “the Company”) (ASX:BET) is pleased to announce that it has secured exclusive rights to a further 7 Race Tracks in the U.S. and Canada to manage and distribute their Fixed Odds betting in the U.S. racing market.

BetMakers Technology Group Ltd, through its wholly-owned subsidiary BetMakers DNA Pty Ltd, trading as Global Racing Network, has reached Agreement with various parties to manage Fixed Odds betting exclusively in the U.S. market.

These tracks will be available for betting initially in the New Jersey market and available to Operators that join the Global Racing Network (“GRN”) within New Jersey, subject to regulatory approval.

The tracks are:

TRACK	REGION
Emerald Downs	Auburn, Washington (U.S.)
Grants Pass Downs	Grants Pass, Oregon (U.S.)
Lone Star Park	Grand Prairie, Texas (U.S.)
Century Downs	Alberta (Canada)
Century Mile	Edmonton (Canada)
Assiniboia	Winnipeg (Canada)
Fairmount Park	Collinsville, Illinois (U.S.)

Under terms of the agreement, which are commercially sensitive, BetMakers’ GRN will pay fees which vary between revenue share and fixed fee to the 7 race tracks for the exclusive rights of Fixed Odds distribution in the U.S. state of New Jersey.

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Further to this, the Agreement also specifies that BetMakers has exclusive Fixed Odds management and distribution rights for those 7 tracks within New Jersey and in addition, any state in the U.S. in which Fixed Odds wagering receives regulatory approval.

The GRN has now secured exclusive Fixed Odds rights for these U.S. and Canadian tracks and is able to provide the following product features to Wagering Operators: Data delivery, Price Manager, Enhanced data, Official Price fluctuations, Official Starting Price, Official deductions, Runner comments, Race overviews, Vision, Fields, Form (past performances) and Silks.

The Company has entered a 2-year contract with U.S. Data Rights provider, Equibase to be able to distribute its data to Operators on the Global Racing Network.

BetMakers CEO Mr Todd Buckingham said: “The latest U.S. tracks and Canadian tracks, along with the existing domestic and International content, will allow us to implement a racing solution into the U.S. that can show the benefit of Fixed Odds betting into this market. We believe this will be the start of a very successful roll out of the product across U.S. With the launch of GRN, this will allow for a uniformed network for both operators and race tracks to commercialise their content with full integrity.”

Mr Buckingham added: “The GRN is a service for both Racing Bodies and Wagering Operators that allows Racing Bodies comfort that their product is being delivered correctly, integrity is monitored and they receive remuneration for all wagering on their product. For the bookmakers and Wagering Operators, the GRN will provide a full network of racing from around the world in a single solution that has uniformed reporting and costs.”

The Company expects further tracks and more operators to join the GRN in the coming months.

Todd Buckingham, Managing Director of BetMakers, authorised the release of this announcement to ASX.

For further information please contact

Charly Duffy Jane Morgan Company Secretary Investor and Media Relations companysecretary@thebetmakers.com investors@thebetmakers.com + 61 (0) 409 083 780 + 61 (0) 405 555 618

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Disclaimer

This announcement contains “forward-looking statements.” These can be identified by words such as “may”, “should”, “anticipate”, “believe”, “intend”, “estimate”, and “expect”. Statements which are not based on historic or current facts may by forward-looking statements. Forward-looking statements are based on:

• assumptions regarding the Company’s financial position, business strategies, plans and objectives of management for future operations and development and the environment in which the Company will operate; and

• current views, expectations and beliefs as at the date they are expressed and which are subject to various risks and uncertainties.

Actual results, performance or achievements of the Company could be materially different from those expressed in, or implied by, these forward-looking statements. The forward-looking statements contained within the presentations are not guarantees or assurances of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by forward-looking statements. For example, the factors that are likely to affect the results of the Company include general economic conditions in Australia and globally; exchange rates; competition in the markets in which the Company does and will operate; weather and climate conditions; and the inherent regulatory risks in the businesses of the Company. The forward-looking statements contained in this announcement should not be taken as implying that the assumptions on which the projections have been prepared are correct or exhaustive. The Company disclaims any responsibility for the accuracy or completeness of any forward-looking statement. The Company disclaims any responsibility to update or revise any forward-looking statements to reflect any change in the Company’s financial condition, status or affairs or any change in the events, conditions or circumstances on which a statement is based, except as required by law. The projections or forecasts included in this presentation have not been audited, examined or otherwise reviewed by the independent auditors of the Company.

You must not place undue reliance on these forward-looking statements.