BetMakers’ Group raises millions for US plans

The BetMakers Technology Group has announced the successful completion of its share purchase plan which was oversubscribed at $1,202,500.

The initial aim was to raise up to $1 million, with this being strongly supported by eligible shareholders.

The $1,202,500 was raised at an issue price of $0.10 per fully paid ordinary share which was the same issue price applicable to the $12.5 million institutional placement announced on June 5, 2025.

“In accordance with the terms of the SPP, the Company has determined to accept over subscriptions and increase the SPP size from $1,000,000 to $1,200,000.

“As a result of the oversubscription, the Company has conducted a small scale-back of $2,500 in accordance with the terms of the SPP, which took into consideration a number of factors, including the number of Shares held by applicants at the record date, the extent to which applicants have sold or purchased shares, the extend to which applicants have multiple holdings and the total applications received from eligible shareholders.”

In June, BetMakers announced a strategic acquisition of LVDC, Las Vegas’ only approved supplier or Horse and Greyhound pari-mutuel wagering.

This was described as marking a major strategic milestone in BetMakers’ North American expansion and will provide a ‘launchpad for next-generation racing and wagering experiences in one of the world’s most iconic gaming destinations.’

The newly acquired business is expected to cashflow positive within 12 months supported by cost efficiencies and technology-driven growth opportunities.

The benefits included establishing a dominant market position as it cements the company’s presence alongside casino operators in Nevada.

Content expansion was also highlighted, as it enables a broader racing content offering for casino partners which opens potential new revenue channels.

Speaking on the deal, the CEO Jake Henson said: “We are excited to announce the potential acquisition of LVDC. A strategic step that strengthens our position within the North American market and expands connectivity with world-class global wagering operators through the BetMakers network.

”This acquisition would not only give us access to the dynamic Nevada gaming market but also creates a strong platform to showcase innovation in horse racing technology and retail wagering experiences. We are pleased to welcome the LVDC team into the broader BetMakers and Global Tote group as we move into the next phase of growth and execution.”

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