BlueBet Holdings Ltd (ASX: $BBT) Director Announcement and Trading Update

BlueBet Holdings Ltd (ASX: $BBT) has announced that Non-Executive Director Nigel Payne will continue on the BlueBet Board after the completion of the Company's acquisition of NTD Pty Ltd's (ACN 658 859 262) wagering business, expected on 1 July 2024. Nigel will join the directors of the Combined Business and retain his role as Chair of the Audit and Remuneration Committees. The Company also provided an update on its Australian trading performance for Q4 FY24, showing continued strong performance, outperforming the Australian market.

Executive Commentary on Director Retention and Trading Performance

As we near completion of our transformational proposed combination with betr, the Board is pleased to be retaining a director of the calibre of Nigel Payne. Nigel brings tremendous industry experience and a global perspective to the Board, and we benefit greatly from his valuable insights and expertise. It is similarly pleasing to see BlueBet continue to gain market share and outperform the Australian market. We expect our strong momentum to continue as we welcome the betr team in July and look forward to updating the market on our trading performance and integration progress at our Appendix 4C announcement at the end of July and full year results in August.

Summary of BlueBet Holdings Ltd (ASX: $BBT) Announcement

BlueBet Holdings Ltd (ASX: $BBT) has confirmed the retention of Non-Executive Director Nigel Payne following the acquisition of NTD Pty Ltd's wagering business. The Company also provided an update on its Australian trading performance for Q4 FY24, demonstrating continued strong performance, outperforming the Australian market. BlueBet Chair, Michael Sullivan, expressed satisfaction with the retention of Nigel Payne and the Company's market performance. The Company looks forward to updating the market on its trading performance and integration progress in the upcoming announcements and full year results in August.