BUZZ-Australia's Betmakers Technology Group rises on upbeat second-half revenue forecast

Reuters
25 Nov 2024
BUZZ-Australia's Betmakers Technology Group rises on upbeat second-half revenue forecast

** Shares of Betmakers Technology Group BET.AX rise as much as 12.5% to A$0.135, their highest level since May 13

** Betting technology co expects revenue in 2HFY25 to be higher than 1HFY25

** Co says it is now aiming to achieve operating cash- flow break-even during 3Q FY25

** Co also entered into a $3.0 mln debt facility with Tekkorp

** Adds, debt facility to accelerate co's transformation strategy including funding one-off costs related to reduction in staff costs

** Stock has risen 44.6% this year as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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