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Betmakers Technology Group Ltd (ASX:BET)
ALERT: Price-sensitive ASX Announcement for BET
Current share price for BET : $0.165 -0.01 (-5.71%)+
Release
18 Dec 2025 9:06AM
Price at Release
$0.175
Full Release
Summary
BetMakers Technology Group Ltd has entered a multi-year agreement with Stake, a leading online casino and sportsbook, to drive Stake's global horse racing expansion through BetMakers' RaceOdds+ solution. This partnership will provide Stake with comprehensive racing technology, including BetMakers' pricing and trading capabilities, global racing content, and the full suite of Racelab products. Additionally, BetMakers' Global Tote Hub will allow Stake customers access to international tote pools. The agreement is set to initiate in the second half of FY26, with commercial terms comprising fixed and variable revenue.
Key Points
- BetMakers secures a three-year agreement with Stake with a two-year extension option.
- Stake gains access to BetMakers' full suite of racing technology solutions.
- BetMakers' Global Tote Hub enables Stake to offer global tote pools.
- The partnership aims to support Stake's global racing expansion.
- Go-live is expected in the second half of FY26 with a mix of fixed and variable revenue.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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