Australia's BetMakers jumps on Penn deal, growth forecast

PENN Entertainment

02/12/2025 23:47

** Shares of Betmakers Technology BET.AX advance as much as 6.45% to A$0.165, their biggest intraday pct gain since November 7

** The wagering tech provider says it has signed a new three-year agreement with casino operator Penn Entertainment PENN.O for the distribution of Penn's racing content

** Positioned for sustained revenue growth and a stronger EBITDA trajectory through H2 FY26 and into FY27 - Co

** Over 1.8 million shares change hands, 1.6x the 30-day avg

** Stock up 54.8%, YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))