Betmakers Technology Group reported a $7.6 million revenue increase for the e half-year ended 31 December 2020, an 88% gain on the previous corresponding period.

Underlying EBITDA was $0.04 million, closing cash balance of $68.6 million. earnings before interest, tax, depreciation and amortisation was negative $1.7 million.

The proposed acquisition of Sportech’s tote and digital business is expected to add substantial revenues and EBITDA to BetMakers’ consolidated business. On a pro-forma basis for FY20, the Tote and Digital Business combined with BetMakers’ existing operations would have delivered $56.1 million revenue and $7.7 million EBITDA.

The Company said it is especially pleased with its targeted expansion in the United States and believes the acquisition of Sportech’s tote and digital assets will deliver transformational growth for BetMakers in this key jurisdiction.

Once completed, the deal will give access to 36 States across the U.S with more than 100 customers across race tracks and casinos, positioning the Company’s growth in the region.