BetMakers shares rise after securing a 3-year agreement with Stake
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The news: BetMakers has announced a three year agreement with Stake to supply its RaceOdds+ platform, including a two year extension option, to drive the operator's global horse racing expansion.
Shares of BetMakers rose 5.71% to 18 cents as of 3:02pm AEDT.
The context: Under the partnership, Stake will gain access to BetMakers’ full pricing and trading capabilities, global racing content, the racing streaming player, and the full suite of Racelab products, including Insights, Live, Stories and Informatics.
The agreement also includes BetMakers’ proprietary Global Tote Hub providing stake.com customers with access to tote pools across a wide range of bet types from international racecourses.
What they said: "Securing this agreement is a strong validation of depth and quality of our RaceOdds+ product and the broader BetMakers global racing strategy," said BetMakers CEO Jake Henson.
"We are excited and confident that providing stake.com with our full suite of racing technologies will enable them to deliver a world-class racing experience to their modern customer base."
The source: ASX
