Dec 1 (Reuters) - Betmakers Technology Group Ltd BET.AX :
* BET TO ACQUIRE SPORTECH BUSINESSES TO ACCELERATE GROWTH-BET.AX
* A$50 MILLION FULLY UNDERWRITTEN PLACEMENT TO FUND ACQUISITION
* ENTERED BINDING AGREEMENTS TO BUY GLOBAL ASSETS OF SPORTECH PLC FOR A$56.2 MILLION
* PLACEMENT AT AN OFFER PRICE OF A$0.60 PER SHARE
* WILL UNDERTAKE SPP TO RAISE UP TO ADDITIONAL A$10 MILLION AT A$0.60 PER SHARE
* ON FY20 PRO-FORMA, TOTE & DIGITAL BUSINESS COMBINED WITH CO'S EXISTING OPERATIONS WOULD DELIVER A$56.1 MILLION REVENUE, A$7.7 MILLION EBITDA
* SHARES ISSUED UNDER PLACEMENT ARE 83.3 MILLION SHARES