March 26, 2020 / 2:49 AM / 5 days ago

BRIEF-Betmakers Technology Group Says Expects To Deliver Positive Normalised EBITDA For FY20

March 26 (Reuters) - Betmakers Technology Group Ltd :

* COMPANY EXPECTS TO DELIVER POSITIVE NORMALISED EBITDA FOR FY20

* TO DATE, THERE HAS BEEN NO IMPACT ON BETMAKERS AS A B2B RACING WAGERING TECHNOLOGY BUSINESS

* WILL NOT BE REQUIRED TO RAISE ANY FURTHER CAPITAL TO MANAGE THROUGH COVID- 19 PERIOD OF DISRUPTION

* EXPECT TO DELIVER POSITIVE NORMALISED EBITDA FOR FY20

* THERE HAS BEEN NO LOSS OF CUSTOMERS OR CONTRACTS. DELIVERY OF ALL EXISTING PRODUCTS AND SERVICES CURRENTLY RUNNING AS NORMAL

* PREVIOUS GUIDANCE $10MIL IN ANNUAL REVENUE SEEN TO BE IMPACTED SHOULD A STOPPAGE OF AUSTRALIAN RACING OCCUR FROM NOW & END FY20

* STOPPAGE OF AUSTRALIAN RACING OCCUR BETWEEN NOW AND END OF FY20, HOWEVER, EXPECTED TO ONLY IMPACT GROWTH IN Q4 FY20 Source text for Eikon: Further company coverage:

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