BetMakers Secures AUD$26.3 Million in Oversubscribed Share Purchase Plan to Fuel Global Expansion

Australian wagering tech firm, BetMakers, has secured a substantial AUD$26.3 million (approximately US$20.4 million) via a share purchase scheme (SPP). This figure significantly surpassed their initial target of AUD$10 million, demonstrating overwhelming support from investors and prompting the company to accommodate additional applications.

These supplementary funds will be instrumental as BetMakers pursues its international growth strategy. A key focus is the finalization of the Sportech acquisition, encompassing their tote and digital holdings, which recently received approval from Sportech stakeholders. This strategic move positions BetMakers as a formidable contender in the global wagering arena.

BetMakers CEO, Todd Buckingham, expressed his delight with the company’s trajectory and anticipates a promising future. He reiterated their dedication to enhancing shareholder worth and pledged ongoing updates on their advancements throughout the year.

Vendors also indicated that opting for a reduced issuance volume allows them to prioritize BetMakers’ devoted retail investors, providing them an opportunity to expand their ownership in the company. This strategy recognizes the substantial contribution these individual stakeholders have made to the company’s achievements.