Online wagering provider, BlueBet Holdings has announced the completion of the company’s acquisition of NTD Pty Ltd’s (betr) wagering business.

In consideration for the acquisition of betr’s wagering business, the Company has issued 265,389,465 fully paid ordinary shares to betr’s shareholders, equating to approximately 47.2% of BlueBet’s total share capital.

In respect of Matthew Tripp’s shareholder entity only, for a period of 20 months from Completion. As previously announced, Andrew Menz has been appointed Chief Executive Officer of BlueBet from 1 July 2024.

Andrew, the current Chief Executive Officer of betr, brings over 15 years’ experience in the wagering industry, having previously held senior executive roles at Sportsbet, CrownBet/BetEasy and Betfair Australia.

The material terms of Andrew’s employment are attached to this announcement.Furthermore, having led BlueBet as Chief Executive Officer since March 2021 and overseen the Company’s strong performance, market share growth in Australia and successful US market entry, Bill Richmond has been appointed Chief Operating Officer. Darren Holley continues in his role as Chief Financial Officer.