EBET signs agreements with 103 venues in Victoria

EBET  has signed agreements with a total of 103 venues operating over 5,300 gaming machines across Victoria, the company announced in a progress update on the Victoria market.

“Agreements covering over 5,300 machines in Victoria is a significant achievement since it represents almost 70 percent of the eBET addressable market in Victoria,” said Keen Carr, eBET CEO.

The company said that under the agreements it will provide gaming systems technologies that will allow the venues to meet new regulatory requirements.

Following the acquisition of gaming systems company Flexi-NET in July 2014, the company said it has started its product migration program to enable enhanced capabilities to 84 of its venues operating the Flexi-NET system in New South Wales.

“The Flexi-Net business continues to track above expectations and, along with our expansion in Victoria, enables eBET to deliver its extensive offering to an expanding customer base,” said Carr.

EBET announced strong results for the six months ending December 31 2014, with net profit after tax increasing 226 percent to $3.7 million.

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