BetMakers Technology Group Raises A$11.5 Million Through Successful Share Placement

An update from Betmakers Technology Group ( (AU:BET) ) is now available.

BetMakers Technology Group has successfully completed a placement of 115 million fully paid ordinary shares, raising A$11.5 million from sophisticated and institutional investors. The funds will be used to repay debt, fund strategic agreements and acquisitions, and improve financial flexibility. This move is expected to strengthen BetMakers’ financial position and support its strategic growth initiatives, including a potential acquisition in Nevada, enhancing its industry positioning.

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 is a company operating in the technology sector, primarily providing products and services related to wagering and betting. The company focuses on the development and distribution of software and systems for the betting industry, with a market focus on enhancing betting operations and expanding market reach.

Average Trading Volume: 1,014,876

Technical Sentiment Signal: Hold

Current Market Cap: A$106.8M

See more data about BET stock on TipRanks’ Stock Analysis page.