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BETMAKERS TECHNOLOGY GROUP LTD Earnings Release 2018

Aug 30, 2018

64512_rns_2018-08-30_97bf2d67-d4e6-4565-a4e7-3b9dd1d620a5.pdf

Earnings Release

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The BetMakers Holdings Limited Appendix 4E Preliminary final report

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1. Company details

Name of entity: The BetMakers Holdings Limited ABN: 21 164 521 395 Reporting period: For the year ended 30 June 2018 Previous period: For the year ended 30 June 2017

2. Results for announcement to the market

$
Revenues from ordinary activities
up

179.2%

to
17,246,477
Loss from ordinary activities after tax attributable to the owners of The
BetMakers Holdings Limited down 21.5%
to
(5,976,540)
Loss for the year attributable to the owners of The BetMakers Holdings
Limited down 21.5%
to
(5,976,540)

Dividends

There were no dividends paid, recommended or declared during the current financial period.

Comments

The loss for the group after providing for income tax amounted to $5,976,540 (30 June 2017: $7,618,257).

Further information on the 'Review of operations' is detailed in the Directors' report and Chief Executive Officer's report which is part of the Annual Report.

3. Net tangible assets

Net tangible assets per ordinary security
Reporting
period
Cents
5.65
Previous
period
Cents

2.27
4. Control gained over entities

Not applicable.
5. Loss of control over entities

Name of entities (or group of entities)
TopBetta Pty Ltd

Date control lost
30 June 2018

Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities before income tax
during the period (where material)
Profit/(loss) from ordinary activities before income tax of the controlled entity (or group of entities) whilst
controlled during the whole of the previous period (where material)

Refer to note 8 for further details.
$
(7,814,994)
(7,814,994)

The BetMakers Holdings Limited Appendix 4E Preliminary final report

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6. Details of associates and joint venture entities

Reporting entity's Contribution to profit/(loss) Contribution to profit/(loss)
percentage holding (where material)
Reporting Previous Reporting Previous
period period period period
Name of associate / joint venture % % $ $
Modern Wagering Systems Pty. Ltd. - - - (11,932)
Group's aggregate share of associates and joint venture
entities' profit/(loss) (where material)
Profit/(loss) from ordinary activities before income tax - (11,932)

Income tax on operating activities
- -

The investment of associates was divested during the year ended 30 June 2017. Refer to Note 10 for further details.

7. Foreign entities

Details of origin of accounting standards used in compiling the report:

Not applicable.

8. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements have been audited and an unqualified opinion has been issued.

9. Attachments

Details of attachments (if any):

The Annual Report of The BetMakers Holdings Limited for the year ended 30 June 2018 is attached.

10. Signed

Signed _________

Date: 31 August 2018

Todd Buckingham Director Sydney