The quarter marked one of significant operational progress for the Company, as it launched the betr platform and navigated its largest ever Spring Racing Carnival. In addition, the Company delivered its largest ever quarterly receipts from customers of
The Company invested heavily during the last two quarters on its platforms and international expansion.
After delivering a positive normalised EBITDA in FY22 from a strong growth in revenues of
In 2HFY23, management will focus on reducing and normalising the cost base, aiming to deliver positive operational cash flows in 2HFY23 and set the business up to deliver earnings growth in FY24.
Quarterly highlights:
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- New NextGen proprietary wagering platform successfully launched for betr during the Spring Carnival period
- Successful launch of Global Tote Hub
- Acquisition of Punting Form
- Deal completed for distribution of racing.com and GRNSW vision in
- Launch of international Fixed Odds in
- Achieved ISO27001 Certification
- Winner of the Deloitte Australia's 2022 Tech Fast 50 Leadership Award
- Closing cash balance of
*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/F5T842C7
About
Contact:
Company Secretary
E: companysecretary@thebetmakers.com
M: + 61-409-083-780
Investor and Media Relations
E: investors@thebetmakers.com
M: +61-405-555-618
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