Great work Reg and Zeeb0t! Good to have a forum that won't get derailed. Following just a few random thoughts and why I am still confident in BET- the focus has been on US fixed odds but I think the other deals will be just as exciting. I'm still confident something will happen with Tabcorp and Foxbet. As we know Tabcorp demerger will happen mid year this year (2022). Todd, I think gave us a bit of gold in the latest qtrly. “The Australian wagering sector remains an attractive growth market for BetMakers as we leverage our proprietary software solutions to support the wagering industry. We envisage this growth continuing as we continue to expand our product offering, and new entrants approach the market.” So I think we can say FoxBet will be the new entrant coming soon.
People are still confused about the Tabcorp bid, but I think by the end of this year it will be clear how it played out. It's worth going back and re-reading some of the announcements that were made previously to get you excited- . From the 5th of July, 2021 announcement "BetMakers in discussions with Tabcorp in relation to commercial opportunities in international markets, instead of progressing bid for Tabcorp Wagering and Media" We haven't heard any outcomes from these discussions yet but I think we will hear once the demerger is complete.
From the Feb,2021 announcement about TRIPP they said- "BetMakers is currently engaged with a number of parties in relation to opportunities which leverage BetMakers’ scalable technology and data platform and looks forward to Mr Tripp’s assistance with these exciting initiatives." I am not sure we have heard about these parties yet. and a reminder what TRIPP is working towards- 1. For delivery of a “strategic deal”, which is considered to be a binding transaction entered into by the Company as a result of Mr Tripp’s introduction or with Mr Tripp’s reasonable assistance and will increase the Company’s Revenues by more than 10% on a pro forma basis, Mr Tripp will be issued 35 million unquoted performance rights. The Company and Mr Tripp are already in discussions regarding several strategic deals. If more than one of these transactions were to be executed, Mr Tripp would only be issued the single tranche of performance rights. 2. For delivery of a “transformational deal”, which is considered to be a binding transaction entered into by or in relation to the Company as a result of Mr Tripp’s introduction or with Mr Tripp’s reasonable assistance and such transaction increases both of the Company’s Revenue and EBITDA by more than 100% on a pro forma basis, Mr Tripp will be issued 32 million unquoted performance rights and 32 million unquoted options at $0.70 per option
Its going to be an exciting year ahead.