• BetMakers Technology (BET) has appointed former NYX Gaming CEO, Matt Davey, as a director of the company
• At NYX, he developed a successful corporate strategy and acquired ten companies
• According to the consumer discretionary stock, this appointment is the next step in BetMakers’ global growth strategy
• Additionally, Managing Director, Todd Buckingham, has received over 16 million shares
• This makes his interest in the company increase from around 6.4 million shares to 14.6 million
• BetMakers is down 11.1 per cent on the market this morning and is trading for 48 cents per share

BetMakers Technology (BET) has appointed Matt Davey as a director.

Previously, Matt was the CEO of NYX Gaming Group, which was sold to Scientific Games. At NYX, he developed a successful corporate strategy and acquired ten companies, which included OpenBet — who powers one of the largest aggregate volumes of the world’s online sports bets.

According to the consumer discretionary stock, this appointment is the next step in BetMakers’ global growth strategy.

“I’ve been impressed with how the team at BetMakers has rapidly executed their growth plans. Having established its position as a key stakeholder in the racing industry, the company has a tremendous opportunity for expansion in both the mature and emerging international wagering markets,” Matt said.

“I look forward to working directly with the board and supporting their global expansion plans,” he added.

Additionally, Managing Director Todd Buckingham has received over 16 million shares, meaning his interest in the company has increased from around 6.4 million shares to 14.6 million.

Todd is pleased with what the company has achieved over the last few years.

“I am delighted that we have been able to build such a strong business which is now expanding into the U.S. and other markets,” he said.

“I am incredibly excited about the next phase of the company’s growth strategy and I am exercising my options so that I can continue to participate in the BetMakers growth story,” he added.

BetMakers is down 11.1 per cent on the market this morning and is trading for 48 cents per share at 10:15 am AEST.