Additional Information to Prior Announcement
Sydney, May 23, 2019 AEST (ABN Newswire) - The BetMakers Holdings Limited (
ASX:TBH) (TPBTF:OTCMKTS) ("BetMakers" or the "Company") wishes to provide additional information in respect of the agreement (the "Agreement") announced yesterday, 22 May 2019, between its wholly-owned subsidiary, Global Betting Services Pty Ltd ("GBS") and global wagering technology company, Betgenius Limited ("Betgenius"), for the distribution of GBS' complete racing solution.
At the request of ASX, the Company advises that, notwithstanding the Term of the Agreement expires on 1 May 2021, either party may terminate the Agreement on written notice in the event that the other party:
- ceases to carry on its business, has a liquidator, receiver or administrative receiver appointed, or passes a resolution to wind it up;
- fails to comply with any applicable laws, statutes or regulations relating to anti-bribery and anticorruption, including the Bribery Act 2010; or
- has committed a material or repeated breach of any of its obligations under the Agreement, which is not, or cannot be, remedied within 10 days after receiving written notice to do so.
About Betmakers Technology Group Ltd
Betmakers Technology Group Ltd (ASX:BET) (OTCMKTS:TPBTF) is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. The Company operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services.
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