Betmakers Technology Group Ltd. (AU:BET) has released an update.
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BetMakers Technology Group Ltd. reported a positive operating cash flow of $1.0 million for Q3 FY24, with a 16.8% increase in cash receipts and significant operating cost reductions. Despite facing soft trading conditions in the Australian market, the company is expanding its global customer base, with several new partnerships and international deals poised to bolster future revenues. With a solid cash balance and the acquisition of RACELAB Global Assets, BetMakers is focusing on a strategy of disciplined operations and revenue growth.
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