• Equity raise of up to $13.5m to strengthen balance sheet and fund growth initiatives
• Proposed acquisition of LVDC, the exclusive provider of pari-mutuel wagering in Las Vegas
• Disciplined execution of strategy has transformed cost base and positioned company for improved operating leverage

BetMakers Technology Group is undertaking an equity raise of up to approximately $13.5m to accelerate its transformation and support future growth. The equity raising comprises a non-underwritten institutional placement to raise around $11.5m, a conditional placement to Tekkorp Holdings LLC to raise $1m, and a share purchase plan of up to $1m for eligible Australian and New Zealand shareholders. The funds will be used to repay all outstanding debt, fund content and access agreements including payments related to New Jersey Fixed Odds, and to fund the proposed strategic acquisition of LVDC, the exclusive provider of pari-mutuel wagering in Las Vegas. The acquisition of LVDC is expected to generate around A$4m in revenue for BetMakers. BetMakers has demonstrated its ability to execute on key financial promises, delivering growth, improved gross margins, and reduced costs. The company is now at a financial inflection point and expects to deliver both revenue growth and free cash-flow in FY26. BetMakers will continue its disciplined approach to costs and capital allocation as it enters a pivotal growth phase.

BetMakers expects to deliver both revenue growth and free cash-flow in FY26.