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Punting Form acquisition for BetMakers Technology Group Limited

Australian gaming technologies and software firm BetMakers Technology Group Limited has announced the signing of a share purchase arrangement that is to see it buy horserace rating systems provider ABettorEdge Proprietary Limited.

The Sydney-listed company used an official press release (pdf) to declare that the deal for the pioneer trading as Punting Form will involve an initial cash consideration of approximately $1.9 million alongside a three-year earn-out pledge worth as much as $10.7 million and to be based upon ‘the delivery of operational, revenue and profitability targets’.

Enticing endeavor:

BetMakers Technology Group Limited disclosed that Punting Form offers proprietary sectional timing and benchmark tec…