BlueBet Holdings Ltd announces a transformative merger with betr, aiming to create a leading Australian online wagering company, subject to regulatory and shareholder approvals.
The merger is complemented by a $20.0 million equity raising to fund growth initiatives and transaction costs, with expectations for the combined entity to achieve monthly EBITDA profitability in the first half of FY25 and full-year profitability within FY25, leveraging operational synergies and a scalable technology platform.
ASX Code: BBT