Key highlights of BetMakers' latest quarterly report

BetMakers Technology Group (ASX:BET) has released its Q1 FY25 Quarterly Activities Report. The company announced the successful deployment of its Next Gen platform and continued focus on operational efficiency and cost reduction. BetMakers is also expanding its presence in the US market and pursuing a transformation strategy aimed at growth and achieving positive operating cash flow.

BetMakers' strategic goals and market ambitions

BetMakers Technology Group is actively pursuing a transformation strategy to enhance its market position. The company has launched its Next Gen platform and is focusing on cost reduction and operational efficiency. BetMakers is expanding into the US market, notably with Bet365's fixed odds horse racing launch in Colorado and New Jersey. The company aims to achieve positive operating cash flow during FY25 and is working towards becoming a 'Rule of 40' company. With new contracts and renewals in international markets, BetMakers is set on increasing market penetration and achieving long-term shareholder value.

Executive insights on BetMakers' strategic direction

Our company has made significant progress with the deployment of the Next Gen platform, and we are focusing on improving margins and reducing costs. We are confident in our strategy and progress towards achieving our financial and operational goals.