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The latest update is out from Betmakers Technology Group ( (AU:BET) ).
BetMakers Technology Group has signed a definitive agreement to acquire certain assets and liabilities of the Las Vegas Dissemination Company (LVDC), marking a significant step in its US growth strategy. This acquisition provides BetMakers with direct access to major US casino operators and Nevada wagering customers, expected to generate $4.5 million in revenue and be at least Adjusted EBITDA break-even in the first year. The move establishes a critical foothold in Nevada, enabling the rollout of enhanced digital wagering solutions and reinforcing BetMakers’ position as a global leader in end-to-end wagering technology.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 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 (ASX: BET) is a leading global provider of B2B wagering technology and services. The company offers advanced platforms, fixed odds and pari-mutuel wagering solutions, data services, and betting content, empowering rights holders and racetracks to unlock new revenue streams and enhance the betting experience. BetMakers operates in more than 30 countries, focusing on racing and betting markets.
Average Trading Volume: 1,458,849
Technical Sentiment Signal: Buy
Current Market Cap: A$173.4M
See more data about BET stock on TipRanks’ Stock Analysis page.