BetEasy signs Agreement with The BetMakers
BetEasy signs Agreement with The BetMakers
Sydney, Dec 3, 2018 AEST (ABN Newswire) - The BetMakers Holdings Limited (ASX:TBH) ("Company") is pleased to announce that its wholly-owned subsidiary, Global Betting Services Pty Ltd ("GBS"), has extended and upgraded its Agreement with Australian wagering operator BetEasy Pty Ltd ("BetEasy") for a further 3 years.

Highlights

- TBH signs Agreement with Australian wagering operator BetEasy

- Extended deal begins immediately

- Update to PlayUp transaction for sale of retail assets

BetEasy is licensed in Australia's Northern Territory and majority owned by The Stars Group.

www.beteasy.com.au

While the commercial terms are confidential, the Agreement continues to push the Company to its forecasted cash flow positive 2019 goal.

CEO of The BetMakers Todd Buckingham said: "The contact extensions from BetEasy as well as the previously announced deal with William Hill Global show the importance of The BetMakers offering towagering operators globally."

Retail transaction update

The Company would like to advise it has received the next instalment in full, from PlayUp Australia Pty Limited of $750,000 in line with its agreement. Payment was received on Friday 30 November by the way of cheque.

The remaining $2 million is payable to the Company on or by 31 December 2018.


About Betmakers Technology Group Ltd

Betmakers Technology Group LtdBetmakers Technology Group Ltd (ASX:BET)  (FRA:T07) is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. The Company operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services.

    


Contact

Charly Duffy
Company Secretary
E: companysecretary@thebetmakers.com
M: + 61-409-083-780

Jane Morgan
Investor & Media Relations
E: investors@thebetmakers.com
M: +61-405-555-618



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