Betmakers Technology Group Ltd (BET.AX) Quarterly Update (App 4C)

Sydney, Australia (ABN Newswire) - The Board of BetMakers Technology Group Ltd (ASX:BET) (FRA:T07)("BetMakers" or the "Company") is pleased to release its quarterly cash flow statement and report an unaudited EBITDA result in excess of $500,000 for the quarter ending 30 September 2019.

Revenues for the September quarter exceeded $2 million, and with the majority of this revenue generated by contracted fixed fee recurring payments, the Company is confident of a continued monthly cash flow positive position moving forward.

With an annualised revenue run rate currently in excess of $8 million, the Company expects to reach its revenue target of $10 million for FY20.

The Company would also like to reaffirm its guidance of $3.4-$3.7million EBITDA for FY20 is expected.

To view the report, please visit:
https://abnnewswire.net/lnk/3E07EUP9

About Betmakers Technology Group Ltd:

Betmakers 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.

Source:

Betmakers Technology Group Ltd

Contact:

Charly Duffy
Company Secretary
E: [email protected]
M: + 61-409-083-780

Jane Morgan
Investor & Media Relations
E: [email protected]
M: +61-405-555-618