The Board of BetMakers Technology Group Limited (ASX:BET) (FRA:T07) is pleased to announce further details of the Company's previously announced non-underwritten A$10 million Share Purchase Plan ("SPP") after receiving approval from Sportech PLC shareholders for the acquisition of the Racing and Digital assets of Sportech.
The Board of BetMakers Technology Group Limited (ASX:BET) (FRA:T07) is pleased to announce that the acquisition of the Racing and Digital assets of leading international online sports betting company, Sportech PLC, for GBP30.9 million has been approved by Sportech shareholders.
BetMakers has secured the rights to manage Fixed Odds wagering (through its Managed Trading Services division) for Fixed Odds bets placed on all horse racing, including Jamaican and international race meetings, through SVREL channels including their online site, at more than 100 Off Track Betting (OTB) parlours and on track at Caymanas Park.
The Board of Sportech PLC announced to the London Stock Exchange on 17 December 2020 that it had terminated talks with Standard General and further reiterated its recommendation that Sportech shareholders vote in favour of the resolution to approve the disposal of the Tote and Digital Business to BetMakers.
Draftstars, Australia's No.1 Daily Fantasy Sports (DFS) platform, owned by PlayUp Limited, will be offering over $1 million in prize pools for the BBL, including a $40,000 prize pool in the first match!
The Board of BetMakers Technology Group Limited (ASX:BET) (FRA:T07) notes the proposed acquisition of the tote and digital business from Sportech PLC which was announced to ASX on 1 December 2020.
Sportech has announced that is has since received a conditional proposal from a third party to acquire all of the shares in Sportech PLC, which among other things, remains subject to due diligence.
