BetMakers posts record quarter, with AU$8.9mln in cash receipts

Horse Racing

Australia’s BetMakers Technology Group says that it has recorded its “strongest quarter to date” in the three months ending June 30th. The group recorded total cash receipts of AU$8.9 million, a quarterly increase of 71 percent and a yearly rise of 272 percent.

The group notes that the revenue growth was due to a “significant increase in the Australian market,” as well as “a positive early result” from the company’s international expansion plans.

This included the group’s asset acquisition of Connecticut-based Sportech PLC. During the quarter the group invested some AU$1.5 million in technology and hardware in the United States, with further plans for international expansion.

Company announcement