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Betmakers Technology Group ( (AU:BET) ) has provided an announcement.
BetMakers Technology Group Ltd has announced a successful institutional placement, raising approximately A$12.5 million to strengthen its balance sheet and fund strategic initiatives, including a potential acquisition of Las Vegas Dissemination Company. This capital raise, supported by both existing and new investors, positions BetMakers to pursue growth opportunities and improve financial flexibility, signaling a positive outlook for its strategic objectives.
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 Ltd operates in the wagering technology industry, providing software and data products for racing and sports betting markets. The company focuses on enhancing betting experiences through technology solutions and is involved in both domestic and international markets.
Average Trading Volume: 972,203
Technical Sentiment Signal: Sell
Current Market Cap: A$106.8M
See more insights into BET stock on TipRanks’ Stock Analysis page.