Davey Sells Out of betr and Takes the Reins at BetMakers

Ben H / 6 February 2023

Last Updated on 6 February 2023

BetMakers Technology Group (ASX: BET) has made changes in its management structure by appointing Tekkorp’s Capital Matt Davey as group president and executive chairman. Davey, who was a former member of the BetMakers board, sold out of Australian bookie betr to assume the leadership role at the Sydney-listed company.

Former BetMakers CEO, Todd Buckingham, will now take the post of chief growth officer, a new role the company has created. Jake Henson has also been included in the BetMakers reshuffling and will join the chief executive’s office after getting promoted from the chief operating officer post. Former non-executive chairman Nick Chan is now a non-executive director on the BetMakers board.

Delivering on Growth Pans for Shareholders

Chan said that the board concluded that the restructuring created “absolute clarity and focus” which would allow the company to deliver on its growth plans for stakeholders. He welcomed Davey back on the board, adding that the changes would result in a “strategic reset of the business” with the goal being optimization and execution of company plans.

The non-executive director said that the restructuring would facilitate “an increased focus” and “a return to positive cashflows,” as well as “optimal capital management” and “cost efficiency.”

Chan didn’t forget to talk about the growth opportunities the company was pursuing and said that it would particularly focus on “international fixed odds” and “Global Tote International Pools.”

BetMakers is the Best Business and Investment Opportunity, Says Davey

With over 25 years of experience as a gaming industry executive, new BetMakers president Matt Davey highlighted that he had the know-how to deliver on growth opportunities and maximize value for shareholders.

His time with Tekkorp Capital LLC, on the other hand, enabled him to explore various investment options. And it was that experience, Davey claimed, that told him that BetMakers was currently the best “business and investment opportunity on the international stage,” so he was delighted to once again reinvest his time and energy in the company.

Davey’s predecessor Todd Buckingham was proud to be the founding BetMakers’ chief executive officer and to be involved in turning a start-up into a globally respected company.

He said that the decision to become a chief growth officer was made after an internal review concluded that a restructuring of the board was going to result in “accelerated growth” for the company.

Ben H
Ben Harris is the Communications Manager for KRUZEY, an AFL and NRL expert, and writer. He has one daughter that he loves dearly and five... [Read full bio]

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