BetMakers (ASX:BET) Strengthens Balance Sheet with $11.5M Capital Raise and Future Plans

June 12, 2025 06:34 PM AEST | By Team Kalkine Media

BetMakers (ASX:BET) Strengthens Balance Sheet with $11.5M Capital Raise and Future Plans — Image source: Shutterstock

Strengthening Financial Foundations

The funds raised through this placement are set to significantly enhance BetMakers’ financial posture. A substantial portion will be allocated to fully repay all outstanding debt, eliminating interest burden and improving the company’s capital efficiency. This move is expected to contribute to a stronger balance sheet, enabling greater agility in future initiatives.

Another key focus will be on advancing BetMakers' strategic agreements, including commitments related to the New Jersey Fixed Odds market. These agreements are crucial to supporting the company’s North American expansion efforts.

Furthermore, BetMakers is considering the potential acquisition of the Las Vegas Dissemination Company. If pursued, this acquisition would strengthen the company’s footprint in the U.S. wagering and racing data ecosystem—an area that aligns closely with its broader content and access strategies.

The remaining capital will be channeled into working capital needs and to improve overall financial flexibility, ensuring the company is well-prepared for both current operations and future growth opportunities.

Share Purchase Plan for Retail Participation

To allow broader shareholder engagement, BetMakers has announced plans to launch a Share Purchase Plan (SPP) targeting up to A$1 million in additional capital. This offer will be available to eligible shareholders, with the formal offer booklet expected to be dispatched on 17 June 2025.

This move provides existing shareholders a chance to participate in the company’s growth journey under similar pricing terms, aligning with BetMakers' commitment to shareholder inclusivity.

As BetMakers continues to sharpen its strategic focus and optimize operations, this round of capital raising marks a pivotal moment in strengthening its financial base and accelerating its trajectory within the global wagering landscape.

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