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BetMakers partners with PA Betting Services in five-year deal

ASX News, Consumer Discretionary
ASX:BET      MCAP $120.6M
06 February 2024 14:56 (AEST)

BetMakers Technology Group (ASX:BET) has announced a five-year partnership with PA Betting Services, a division of UK-based PA Media Group.

Both parties aim to launch a broadcast streaming and wagering platform for global racing markets called “The AdVantage Platform,” a cutting-edge solution for wagering and content.

“The AdVantage Platform brings together the strengths of both businesses while simultaneously offering rights-holders and race tracks a new turn-key path to more operators and more regulated markets.” BetMakers CEO Jake Henson said.

“Importantly, this is a culmination of the work that has gone into our NextGen technology and leveraging the integrations of our global business units and assets.”

Designed as a business-to-business offering, The AdVantage Platform provides a complete and user-friendly solution for betting operators worldwide, including PA Betting Services’ existing base of more than 200 customers.

Addressing two critical aspects of racing and wagering markets, The AdVantage Platform:

The AdVantage Platform is expected to launch with its first customers in Q4 FY24.

BET last traded at 10.8 cents.

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