BetMakers Technology Group, a leading wagering technology and data partner, has unveiled OneWatch, its new terminal monitoring solution. The innovative tool will allow companies to easily manage thousands of terminals.

BetMakers described OneWatch as a wagering terminal monitoring and analytics tool that has been designed to revolutionize wagering terminal operations from manual and reactive to smart and proactive.

According to the announcement, OneWatch will reinforce BetMakers and its Global Tote division with a robust tool for terminal maintenance and support services. OneWatch notably includes centralized monitoring of the entire wagering terminal estate with a single, consolidated dashboard. In addition to that, the tool provides real-time status indicators, alerts and general health reports.

Another thing OneWatch excels in is the analysis of historical data and its data-driven decision-making. Finally, BetMakers’ new solution offers dashboard integration with third-party automation tools.

Global Tote’s operation teams, for example, will leverage the solution to manage the company’s thousands of BetLine Series wagering terminals across the US. Global Tote clients will also be provided with insights into their BetLine terminals, a centralized dashboard and historical data.

In addition, clients who acquire BetLine terminals can also leverage OneWatch to gain visibility into their machines’ performance and secure access to tools they can use to improve customer satisfaction.

BetMakers Wants to Drive Innovation

BetMakers Technology Group’s chief technology officer, Karl Begg, commented on the launch, highlighting BetMakers’ goal to simplify betting. According to Begg, the company’s BetLine Series of wagering terminals seeks to ensure that all key elements of betting terminal service can be analyzed and monitored.

Whether deployed for our North American clients or by a client that owns their own BetLine terminals, OneWatch will give support teams comprehensive oversight of critical wagering terminal systems, ensuring that nothing escapes attention.

Karl Begg, CTO, BetMakers Technology Group

Begg added that BetMakers continues its mission to transform the global racing industry by enhancing the overall wagering experience. The BetLine Series and the OneWatch solution are just two of the ways in which BetMakers has supported the sector.

OneWatch will officially launch for clients in Q1 2024. In the meantime, the solution is being rolled out to BetMakers’ Global Tote operations.

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BetMakers released a report on its performance in Q4 of the fiscal year ended June 30, 2023. The company recorded improvements across the board and unveiled an upcoming webinar for its full-year report.

The betting tech and data partner reported $16.6 million (converted to USD) in cash receipts in Q4, which represents a modest 5% quarter-on-quarter increase.

Meanwhile, the company also posted $66.5 million in full-year cash receipts from customers for the fiscal year. This figure represents a 6% year-on-year increase from the prior fiscal year.

At the same time, net cash flow from operations experienced a sharp 39% quarter-on-quarter decline.

Finally, the company reported a closing cash balance of $27.5 million.

Q4 Was a Busy Period for BetMakers

BetMakers reported several key Q4 FY 2023 highlights, such as the execution of a non-binding term sheet with Stronach Group’s 1/ST Content business. Under the agreement, BetMakers’ Global Racing network’s race meetings will be distributed into various international markets, including the United Kingdom and Ireland.

The deal kicked off on May 1 and will see BetMakers leverage its content from many famous racecourses to power 1/ST Content’s broadcast schedule.

In addition, the company started its strategic operational restructure, hoping to improve profitability. As a result, net cash outflows from operations declined by 39% quarter-on-quarter. To achieve these results, the company had to reduce its team from 568 members to around 485 members.

The program addressing BetMakers’ deficiencies is still ongoing.

Finally, BetMakers highlighted its acquisition of the intellectual property of Form Cruncher, a racing data company that leverages racing data and odds to create engaging, dynamic and flexible content.

BetMakers Will Continue Its Restructuring Project in FY 2024

BetMakers’ board of directors announced that it is pleased with the results, adding that the period marked significant progress for the company. The directors highlighted the company’s efforts in reducing and normalizing the cost base and in simplifying the operating model.

BetMakers’ strategy is already yielding results, the directors said, as evidenced by the decline of operational cash outflows. The leaders noted that the firm will continue to execute its current strategy and strategic restructure during the first quarter of the following fiscal year.

The board is set to discuss the company’s FY2023 results during an upcoming webinar in late August 2023. The company will provide more details at a later date.

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Horse racing industry data, analytics and content supplier, BetMakers Technology Group, announced in a filing to the Australian Securities Exchange (ASX) this morning it has signed a non-binding term sheet with 1/ST Content to distribute race meetings from BetMakers’ Global Racing Network (GRN) to international wagering markets, including Ireland and the UK.

Content Distribution Deal

Scheduled to launch from May 1, 2023, subject to long-form agreement completion, the agreement with The Stronach Group’s business will add horse racing content from popular US racecourses, including Kentucky Downs, Charles Town, Mahoning Valley, Penn National, Sam Houston, Zia Park and Monmouth Park to 1/ST Content’s broadcast schedule.

Commenting on the non-binding term sheet, Jake Henson, chief executive officer of BetMakers Technology Group, outlined the important role the partnership with 1/ST Content is expected to play for the group’s global horse racing footprint.

The partnership with 1/ST Content is designed to be an important addition to BetMakers’ Global Racing Network, further broadening our global racing distribution base with a strong and credible partner in expansive markets, which can deliver enhanced returns to our racetrack partners.

Jake Henson, CEO, BetMakers

The agreement will see North American horse racing content feature through 1/ST Content’s broadcast partner in the UK and Ireland, Sky Sports Racing, as well as through 1/ST Content’s other international media partners’ websites.

Growing Global Presence

The distribution agreement, if executed, will be the latest distribution deal the Australian-based technology group has signed with horse racing operators around the world through its subsidiary, Global Racing Network, including the operator of Malaysia thoroughbred racing venue, Selangor Turf Club.

At the end of last year, the group signed a deal to extend its broadcasting rights from the Malaysian horse racing venue to include content for fixed odds, booked bets, and various exchanges in the UK and Ireland and further boost its product portfolio and attractiveness to betting operators, as well as the visibility of the events taking place at Selangor Turf Club.

Just days later, BetMakers was involved in another horse racing industry development after its partnership with Supreme Ventures’ subsidiaries Supreme Ventures Racing and Entertainment Limited (SVREL) and Prime Sports Jamaica (PSJ) saw the launch of fixed odds betting at Caymanas Park racetrack.

In a surprising development in February, BetMakers canceled 32 million unquoted options and 32 million unquoted class B performance rights issued to Tripp Investments Pty Ltd as trustee for Matt Tripp’s Tripp Investment Trust, citing “vesting conditions associated with the delivery of a ‘transformational deal’ before February 1, 2023, not being satisfied.”

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