BET Ann: Cancellation of Tripp Securities - 2nd Feb 2023, 8:58am

[Ibetfixed]

The March 2023 4C shows that we haven't even hit the 10% revenue uplift required for Tripp to get his shares, let alone the $15M bogus bonus paid on top.

That's my thought.

I agree … it would be interesting to ask them on Monday how much of the $23mill revenue in the quarter came from BetR??
The quarterly revenue had been hovering around $25mill a quarter before BETR were signed up??

 

[Ibetfixed]

So … I asked the question about how much revenue was received by BetR in the last quarter … they clearly don’t have any great answers at present .. as no questions were allowed . .. seems all a bit strange ???

 

[Uraniborg]

So … I asked the question about how much revenue was received by BetR in the last quarter … they clearly don’t have any great answers at present .. as no questions were allowed . .. seems all a bit strange ???

Yeah, something felt off in that webinar. So much so that I sold a large chunk of my holding. Costs seem too sticky, and growth opportunities seem unclear. It's difficult to see where fixed odds in the US is going.

 

[Lattelarry]

Seems they haven't really tried to cut costs.

They should have got rid of Jake, Todd and Chan at the reshuffle and brought in someone with management consulting experience.

Then they need to be upfront about how much revenue is coming from Betr and why fixed odds has not progressed passed machines and windows at Monmouth when they were saying for ages the app would launch soon with other tracks.

They have decent revenue at close to 100m but just need to run it all much more efficiently.