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BetMakers Raises $13.5M to Acquire LVDC and Boost Growth
9:53am on Thursday 5th of June, 2025 AEST
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Technology
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BetMakers Raises $13.5M to Acquire LVDC and Boost Growth
9:53am on Thursday 5th of June, 2025 AEST
Key Points
Non-underwritten equity raise totaling approximately $13.5 million
Proceeds to repay debt, fund New Jersey Fixed Odds content, and acquire LVDC
Q3 FY25 revenue up 3.7% quarter-on-quarter with gross margin improving to 63.9%
Positive operating cash flow and adjusted EBITDA reported for Q3 FY25
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