BetMakers Technology Group Limited announced that it has executed a non-binding term sheet with The Stronach Group’s 1/ST Content business (1/ST Content) for the distribution of BetMakers’ Global Racing Network’s (GRN) race meetings into international wagering markets, including the UK and Ireland.
The deal, which is subject to long form agreement completion, is scheduled to launch from May 1 and intends for BetMakers’ GRN feature racing content from racecourses at Kentucky Downs, Charles Town, Mahoning Valley, Penn National, Sam Houston, Zia Park and Monmouth Park to be available for 1/ST Content’s broadcast schedule. This includes through Sky Sports Racing in the UK and Ireland, as well as across other international media partners’ websites.
BetMakers’ Chief Executive Officer, Jake Henson, said: “The partnership with 1/ST Content is designed to be an important addition to BetMakers’ Global Racing Network, further broadening our global racing distribution base with a strong and credible partner in expansive markets, which can deliver enhanced returns to our racetrack partners.”
Also, the company has announced a major change to BetMakers senior leadership. This is that Christian Stuart, CEO of the company’s North American business, will depart from his position on 6 April 2023.
Mr Henson said: “On behalf of BetMakers’ board and wider international leadership team, we would like to thank Christian for his service and commitment during his time in the business. We wish him all the best for his next challenge, of which I’m confident he will be a tremendous asset.”
Christian Stuart said: “It has been a pleasure working with the team and advancing the interests of the Company here in the US. I am confident we will see the Company go from strength to strength as the US market expands.”
Las Vegas-based Executive Chairman, Matt Davey, said: “Whilst we are still in the early phase of our restructuring, I am pleased to see the progress the team has made both internally and with our key industry stakeholders. At our core, we rely on great technology and strong relationships, which Christian has delivered well on both fronts. I am proud of what he has achieved during his time with us. Moving forward, we will continue to execute on market expansion and a relentless focus on optimising our business.”
Additionally, BetMakers announced the promotion of Chelsey Abbott to its Executive Team as the Chief People Officer.
“This is an incredibly well-deserved promotion, and we are excited about the positive impact that Chelsey will make in this new capacity,” Mr Davey said.
“As Chief People Officer, Chelsey will centralise the global People & Culture team and continue to drive the development and execution of our People and Culture strategy. She will also play a crucial role in shaping BetMakers’ capability by driving an engaging workplace culture that empowers our employees to thrive.”
The company also announced that it is relocating its headquarters to Melbourne where the CEO, along with other executive members, are now based.