The Betmaker’s Holdings Limited (ASX: TBH) has provided their shareholder’s breakdown with the top 40 shareholders having 64.04% shares at 143,518,457, while the directors, related parties and employees having about 7.57% at 13,707,221. The total number of shareholders stand at 1,102 with total shares on issue around 224,105,390. The market capitalization for the company is currently around $12.77 million.
To focus the business on products developed for the B2B wagering market the company has made a strategic decision, and with this strategy in mind the company has acquired both the GBS and Dynamic Odds businesses which now positions the company globally as the wholesale wagering partner of choice for racing. Not only in Australia but internationally the company sees a growing market for data, product and informatics for wagering operators.
Further to look at alternate solutions that can increase products, and increase margin while reducing overheads, the Australian wagering market has changed with regulators and government increases in taxes which has created a need for operators. The company believes that their product suite will also export into international markets.
The company expects to produce a profit margin more than $4M based on the execution of the current deals for the Financial Year 2020. The BetMakers DNA division are expected to drive more than $6M in revenues within current deals. The margin remaining after all expenses including rebates, race field fees and taxes, will be viewed as net revenues from the Global Tote.
The company transitioned to B2B model during the year and made two significant acquisitions with leading wholesale wagering supplier, Global Betting Services and leading odds comparison and Racing Authority technology partner, DynamicOdds.
To distribute their races for 500 per week into international markets including UK and Australia the Betmakers holdings limited Signed agreements with US Greyhound racing bodies. With punters, major wagering operators and racing bodies now using The BetMakers offerings The BetMakers customer base has expanded globally.
Generated from its key stakeholders including wagering operators, punters and principal racing authorities, the BetMakers now have multiple revenue streams. The Betmaker’s Holdings Limited traded at a market price of $0.057 as at November 26, 2018.