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Betmakers Technology Group ( (AU:BET) ) just unveiled an announcement.
BetMakers Technology Group Limited has successfully completed an oversubscribed share purchase plan (SPP), raising $1.2 million, exceeding its initial target of $1 million. This, combined with a recent institutional placement, brings the total funds raised to $13.7 million, which will be used to repay debt, fund strategic acquisitions, and improve financial flexibility. The strong shareholder support reflects confidence in the company’s strategic direction and its potential acquisition of Las Vegas Dissemination Company, enhancing its market position in the wagering industry.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
More about Betmakers Technology Group
BetMakers Technology Group Limited operates in the technology and wagering industry, focusing on providing software and data solutions for the betting market. The company is involved in offering services such as fixed odds wagering and pari-mutuel betting, with a market focus that includes strategic acquisitions and content agreements to enhance its service offerings.
Average Trading Volume: 1,114,182
Technical Sentiment Signal: Sell
Current Market Cap: A$108.7M
Find detailed analytics on BET stock on TipRanks’ Stock Analysis page.