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BetMakers to raise $35m to fund US sports betting expansion

18th June 2020 10:06 am GMT

Sydney-listed sportsbook supplier BetMakers Technology Group has received commitments to raise AUD$35m through a new placement of its shares, with proceeds to be used to fund its expansion in the US sports betting market.

The placement will raise $35m via an offer price of $0.37 per share, an 8.6 per cent discount to BetMakers’ closing price of $0.405 on 12 June, and has been well supported by new investors and existing shareholders, with strong interest from [...]

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