BetMakers Completes AUD 13.7 Million Capital Raise to Strengthen Growth Strategy
Successful Capital Raise Enhances BetMakers’ Position
BetMakers Technology Group recently completed a new share purchase plan (SPP) that attracted over AUD 1.2 million from shareholders, contributing to an overall capital raise of AUD 13.7 million. The company issued 12 million new shares at AUD 0.10 each, with trading expected to commence on the ASX by July 9.
Capital to Support Strategic Growth Initiatives
The initial target for the SPP was AUD 1 million, but strong demand from shareholders pushed the funding beyond this goal, reflecting growing confidence in BetMakers’ strategic direction. This capital raise is part of a series of funding efforts raising a total of AUD 13.7 million, aimed at expanding the company’s operational capabilities.
The raised funds will be directed toward four main priorities: paying down existing debt, securing essential content and access agreements, increasing working capital, and supporting the growth of its New Jersey Fixed Odds business. In addition, BetMakers plans to finalize its acquisition of Las Vegas Dissemination Company (LVDC), a significant Nevada-based service provider.
Acquiring LVDC, at a cost of approximately USD 800,000, is expected to establish a strategic presence in Nevada—a key state for regulated betting in the U.S. BetMakers anticipates that revitalizing LVDC could generate around AUD 4 million in revenue.
Focus on the U.S. Market and Long-Term Growth
As a prominent global provider of B2B wagering technology, BetMakers is adapting to evolving market trends by emphasizing end-to-end solutions, with a particular focus on fixed-odds betting and global content distribution. With no remaining debt and increased capital, the company is well-positioned to accelerate growth and broaden its footprint in the U.S. market.
The strong shareholder participation in the SPP demonstrates investor support for BetMakers’ strategy, despite uncertainties in the broader gaming and wagering sector. The company’s investments in infrastructure and content acquisition are enabling it to thrive in a regulatory environment that favors businesses with established technology and financial strength.
With its capital raise complete, BetMakers is ready to expand both domestically and internationally. The acquisition of LVDC may well be the first step in a larger expansion plan as the company aims to drive growth, innovation, and sustainability across the global betting industry.