Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. President & Executive Chairman Matt Davey was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. President & Executive Chairman Matt Davey was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 25
Betmakers Technology Group Ltd to Report First Half, 2026 Results on Feb 27, 2026 Betmakers Technology Group Ltd announced that they will report first half, 2026 results on Feb 27, 2026 Announcement • Feb 02
Betmakers Technology Group Ltd (ASX:BET) completed the acquisition of Certain assets and liabilities from Las Vegas Dissemination, Inc. Betmakers Technology Group Ltd (ASX:BET) signed a binding heads of agreement to acquire Certain assets and liabilities from Las Vegas Dissemination, Inc. for $0.8 million on June 4, 2025. On December 5, 2025, Betmakers Technology Group Ltd (ASX:BET) entered into definitive agreement to acquire Certain assets and liabilities of the Las Vegas Dissemination Company.
The transaction is subject to approval by regulatory board, consummation of due diligence investigation, definitive agreement, and third party approval needed. On December 5, 2025, it was announced that the transaction remains subject to regulatory approvals and other customary conditions precedent. Discussions with regulators and key stakeholders are well progressed and the transaction is expected to close early in second half of 2026. On January 29, 2026, it was announced the the transaction is expected to close in Q3 FY26.
Brandon Roos and Michael J. Bonn of Greenberg Traurig, LLP acted as legal advisor for Las Vegas Dissemination, Inc.
Betmakers Technology Group Ltd (ASX:BET) completed the acquisition of Certain assets and liabilities from Las Vegas Dissemination, Inc. on February 1, 2025. Announcement • Sep 05
Betmakers Technology Group Ltd, Annual General Meeting, Oct 31, 2025 Betmakers Technology Group Ltd, Annual General Meeting, Oct 31, 2025. Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.027 loss per share (vs AU$0.04 loss in FY 2024) Full year 2025 results: AU$0.027 loss per share (improved from AU$0.04 loss in FY 2024). Revenue: AU$85.1m (down 11% from FY 2024). Net loss: AU$26.4m (loss narrowed 32% from FY 2024). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Hospitality industry in Australia. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Aug 25
Betmakers Technology Group Ltd to Report Fiscal Year 2025 Results on Aug 28, 2025 Betmakers Technology Group Ltd announced that they will report fiscal year 2025 results Pre-Market on Aug 28, 2025 Announcement • Jun 04
Betmakers Technology Group Ltd (ASX:BET) signed a binding heads of agreement to acquire Las Vegas Dissemination Company for $0.80 million. Betmakers Technology Group Ltd (ASX:BET) signed a binding heads of agreement to acquire Las Vegas Dissemination Company for $0.80 million on June 4, 2025. A cash consideration of $0.8 million will be paid by Betmakers Technology Group Ltd. As part of consideration, $0.8 million is paid towards common equity of Las Vegas Dissemination Company.
The transaction is subject to approval by regulatory board, consummation of due diligence investigation, definitive agreement, and third party approval needed. Announcement • Feb 25
Betmakers Technology Group Ltd to Report First Half, 2025 Results on Feb 27, 2025 Betmakers Technology Group Ltd announced that they will report first half, 2025 results on Feb 27, 2025 Breakeven Date Change • Dec 24
Forecast breakeven date pushed back to 2027 The analyst covering Betmakers Technology Group previously expected the company to break even in 2025. New forecast suggests the company will make a profit of AU$890.0k in 2027. Average annual earnings growth of 95% is required to achieve expected profit on schedule. New Risk • Oct 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (AU$85.4m market cap, or US$56.6m). Announcement • Sep 30
Betmakers Technology Group Ltd, Annual General Meeting, Nov 26, 2024 Betmakers Technology Group Ltd, Annual General Meeting, Nov 26, 2024. Reported Earnings • Aug 30
Full year 2024 earnings released Full year 2024 results: Revenue: AU$95.2m (flat on FY 2023). Net loss: AU$38.7m (flat on FY 2023). Announcement • Aug 28
Betmakers Technology Group Ltd to Report Fiscal Year 2024 Results on Aug 30, 2024 Betmakers Technology Group Ltd announced that they will report fiscal year 2024 results on Aug 30, 2024 New Risk • Apr 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (AU$101.3m market cap, or US$65.4m). New Risk • Feb 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$23m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Earnings have declined by 50% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$93.9m market cap, or US$61.0m). Announcement • Feb 23
Betmakers Technology Group Ltd to Report First Half, 2024 Results on Feb 28, 2024 Betmakers Technology Group Ltd announced that they will report first half, 2024 results on Feb 28, 2024 Announcement • Oct 31
Betmakers Technology Group Ltd Announces Nicholas Chan Resigns as Non-Executive Director Betmakers Technology Group Ltd. advises that Non-Executive Director, Nicholas Chan, has resigned from as a director of the Company, effective 31 October 2023. At this stage there is no intention to replace Nick's role on the board. The Board's current composition is appropriate for the current size and profile of BetMakers. New Risk • Sep 14
New major risk - Revenue and earnings growth Earnings have declined by 65% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$103.8m market cap, or US$66.9m). Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.042 loss per share (vs AU$0.10 loss in FY 2022) Full year 2023 results: AU$0.042 loss per share (improved from AU$0.10 loss in FY 2022). Revenue: AU$95.0m (up 3.6% from FY 2022). Net loss: AU$38.8m (loss narrowed 56% from FY 2022). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Hospitality industry in Australia. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Announcement • Aug 30
Betmakers Technology Group Ltd, Annual General Meeting, Nov 30, 2023 Betmakers Technology Group Ltd, Annual General Meeting, Nov 30, 2023. Location: at 189 Flinders Lane Malbourne Victoria Australia New Risk • Aug 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Market cap is less than US$100m (AU$127.4m market cap, or US$81.7m). Recent Insider Transactions • Apr 21
Independent Non-Executive Director recently sold AU$60k worth of stock On the 18th of April, Nicholas Chan sold around 400k shares on-market at roughly AU$0.15 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Breakeven Date Change • Mar 23
Forecast breakeven date moved forward to 2023 The 5 analysts covering Betmakers Technology Group previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$2.60m in 2023. Earnings growth of 108% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 14
Forecast breakeven date moved forward to 2023 The 5 analysts covering Betmakers Technology Group previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$400.0k in 2023. Earnings growth of 96% is required to achieve expected profit on schedule. Reported Earnings • Feb 24
First half 2023 earnings released: AU$0.022 loss per share (vs AU$0.033 loss in 1H 2022) First half 2023 results: AU$0.022 loss per share (improved from AU$0.033 loss in 1H 2022). Revenue: AU$46.7m (up 7.5% from 1H 2022). Net loss: AU$19.9m (loss narrowed 28% from 1H 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Buying Opportunity • Feb 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be AU$0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 93% over the last 3 years. Earnings per share has declined by 90%. Breakeven Date Change • Nov 16
Forecast breakeven date pushed back to 2024 The 5 analysts covering Betmakers Technology Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 100% to 2023. The company is expected to make a profit of AU$16.3m in 2024. Average annual earnings growth of 122% is required to achieve expected profit on schedule. Breakeven Date Change • Nov 07
Forecast breakeven date pushed back to 2024 The 5 analysts covering Betmakers Technology Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 100% to 2023. The company is expected to make a profit of AU$16.3m in 2024. Average annual earnings growth of 122% is required to achieve expected profit on schedule. Reported Earnings • Aug 27
Full year 2022 earnings released: AU$0.10 loss per share (vs AU$0.026 loss in FY 2021) Full year 2022 results: AU$0.10 loss per share (down from AU$0.026 loss in FY 2021). Revenue: AU$91.7m (up 371% from FY 2021). Net loss: AU$89.2m (loss widened 411% from FY 2021). Over the next year, revenue is forecast to grow 46%, compared to a 27% growth forecast for the Hospitality industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 159 percentage points per year, which is a significant difference in performance. Breakeven Date Change • Mar 02
Forecast breakeven date pushed back to 2023 The 4 analysts covering Betmakers Technology Group previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 81% to 2022. The company is expected to make a profit of AU$6.90m in 2023. Average annual earnings growth of 104% is required to achieve expected profit on schedule. Recent Insider Transactions • Feb 02
Founder recently bought AU$199k worth of stock On the 27th of January, Todd Buckingham bought around 320k shares on-market at roughly AU$0.62 per share. This was the largest purchase by an insider in the last 3 months. This was Todd's only on-market trade for the last 12 months. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 2 analysts covering Betmakers Technology Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$4.20m in 2022. Earnings growth of 95% is required to achieve expected profit on schedule. Breakeven Date Change • Sep 01
Forecast to breakeven in 2023 The 2 analysts covering Betmakers Technology Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$4.10m in 2023. Average annual earnings growth of 112% is required to achieve expected profit on schedule. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.026 loss per share (vs AU$0.005 loss in FY 2020) The company reported a decent full year result with improved revenues, although losses increased and control over costs was weaker. Full year 2021 results: Revenue: AU$19.5m (up 127% from FY 2020). Net loss: AU$17.5m (loss widened AU$15.3m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 142% per year, which means it is well ahead of earnings. Breakeven Date Change • Jun 24
Forecast breakeven moved forward to 2022 The 2 analysts covering Betmakers Technology Group previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of AU$3.70m in 2022. Average annual earnings growth of 86% is required to achieve expected profit on schedule. Breakeven Date Change • May 29
Forecast breakeven pushed back to 2023 The analyst covering Betmakers Technology Group previously expected the company to break even in 2022. New forecast suggests losses will reduce by 35% per year to 2022. The company is expected to make a profit of AU$4.00m in 2023. Average annual earnings growth of 104% is required to achieve expected profit on schedule. Breakeven Date Change • May 21
Forecast breakeven pushed back to 2023 The 2 analysts covering Betmakers Technology Group previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 35% per year to 2022. The company is expected to make a profit of AU$4.00m in 2023. Average annual earnings growth of 105% is required to achieve expected profit on schedule. Recent Insider Transactions • Mar 16
Independent Chairman of the Board recently sold AU$367k worth of stock On the 10th of March, Nicholas Chan sold around 400k shares on-market at roughly AU$0.92 per share. This was the largest sale by an insider in the last 3 months. This was Nicholas' only on-market trade for the last 12 months. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.008 loss per share (vs AU$0.001 loss in 1H 2020) The company reported a mediocre first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: AU$7.59m (up 88% from 1H 2020). Net loss: AU$4.44m (loss widened AU$3.88m from 1H 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 13
New 90-day high: AU$0.80 The company is up 56% from its price of AU$0.51 on 13 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.15 per share. Is New 90 Day High Low • Jan 21
New 90-day high: AU$0.78 The company is up 79% from its price of AU$0.43 on 23 October 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.91 per share. Is New 90 Day High Low • Dec 23
New 90-day high: AU$0.76 The company is up 81% from its price of AU$0.42 on 25 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.07 per share. Is New 90 Day High Low • Nov 24
New 90-day high: AU$0.58 The company is up 23% from its price of AU$0.47 on 26 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.91 per share.