BET Ann: BetMakers selected as new tote provider in Norway - 23rd May 2022, 8:19am

annb0t

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BET Ann: BetMakers selected as new tote provider in Norway
Price Sensitive: Y
Date: 23rd May 2022, 8:19am

>>> Read announcement: Google: BET Market Announcements
 
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Lattelarry

Regular
More good news
 
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RHINO

Member
More good news
Agree.
The shorters this morning are relentless.
We have over 4200000 on the buy side and they have bumped the sell side to over 5 million!!!
Can't wait to get TW options out of the way and hopefully some clear air.
There seems to be something building here with drip feeding of announcements coming to blow this thing wide open.
 
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Lattelarry

Regular
Agree.
The shorters this morning are relentless.
We have over 4200000 on the buy side and they have bumped the sell side to over 5 million!!!
Can't wait to get TW options out of the way and hopefully some clear air.
There seems to be something building here with drip feeding of announcements coming to blow this thing wide open.
But so far they aren't using all those shares to smack the price down. At some point the cashflow/numbers will be so big they won't be able to play their games and will close and move onto a company that's actually failing and not one in massive growth.
 
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billyidol

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The shorts dropped 25 million (25,489,582) between 13th and 16th May...from 16.29% to 13.47%. What do you reckon - they know that there's good news coming - and so they're starting to close before they get burned ?

Seems far too coincidental to me for such a (comparatively) big swing in the other direction.
 
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Lattelarry

Regular
The shorts dropped 25 million (25,489,582) between 13th and 16th May...from 16.29% to 13.47%. What do you reckon - they know that there's good news coming - and so they're starting to close before they get burned ?

Seems far too coincidental to me for such a (comparatively) big swing in the other direction.
17th has just come out and we can see that they haven't popped back up. So it shouldn't be a reporting error.
Not sure if they know anything or just realise it's not good risk management to push it further.
 
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Lattelarry

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Global Tote is the chosen national tote services provider of the Nordics in Denmark, Finland and Norway.

Come on Sweden!
 
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billyidol

Member
Global Tote is the chosen national tote services provider of the Nordics in Denmark, Finland and Norway.

Come on Sweden!
Agreed; I did a bit of research and apparently, harness racing ("the trots") in Sweden (and Scandinavia generally) is BIG business. I kind of thought "really ?!" because I did live in Europe for many years but never heard of this because it was never covered (harness vs thoroughbred).

Culturally in Europe, it is similar to the US States, whereby if something isn't available in one country, they'll go over the border to where it is or where prices are lower. (This happened a lot in the 90s with 'booze cruises', where just before Christmas or other party seasons, people would regularly drive from the UK to France (where alcohol tax was lower) to stock up on cut-price beer, cigarettes, wine etc.)

Looking outside of Scandinavia - obviously horse racing is huge in the UK - France is big and amazingly, Germany; over the past decade they have made real progress and some of the best racecourses in Europe are (including the famous Iffezhiem Racecourse and Baden Baden) as well as some world-famous races.
 
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The highlighted section below is the key to the deal…….plus Norway has 12 Racetracks!!!!

View attachment 7477

These guys just keep expanding the business at a pretty good rate and judging the tone of the last sentence we should probably expect more deals of this nature in the future.
 
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Lattelarry

Regular
The highlighted section below is the key to the deal…….plus Norway has 12 Racetracks!!!!

View attachment 7477
Yeah it's a great business model. Pretty much will be printing $ with all the tracks that are being added.
I'm waiting for the annual report but it would be good to put together a thread with all the revenue sources.
 
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