Two ASX gambling shares are making some big moves today on the heels of some big announcements.
One of the ASX shares is taking a tumble on the news, while the other is soaring higher on Thursday. For some context, the All Ordinaries Index (ASX: XAO) is up 0.4% in afternoon trade.
Here's what's happening.
ASX share leaps 9% on growth outlook
The first ASX gambling share grabbing headline news today is BetMakers Technology Group Ltd (ASX: BET).
Shares in the betting technology company are up 9.1% at the time of writing, changing hands for 12 cents each.
This follows the release of BetMakers' half-year results for the six months to 31 December (H1 FY 2025).
The ASX share reported revenue for the six months of $41.4 million, down 5.5% from the prior half, and a gross margin of 60%.
While adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at a loss of $1.3 million, BetMakers noted this was an improvement on H1 FY 2024.
Investors look to be bidding up the BetMakers share price on a solid growth outlook. The company expects its EBITDA and operating cash flow trajectory to continue to improve in the second half of FY 2025. And it forecasts revenue growth for FY 2026.
BetMakers executive chair Matt Davey said:
Our new and upgraded technology suite is having a dual effect: it positions BetMakers at the forefront of global wagering, while delivering further efficiency gains, a combination that we expect to drive further improvements in the second half of FY25.
Which brings us to…
Gambling stock taking a tumble
Taking a tumble today is ASX gambling share BlueBet Holdings Ltd (ASX: BBT).
BlueBet shares were down a steep 9.9% in earlier trade today. But after some likely bargain hunting, shares have rebounded to 36 cents apiece at the time of writing, down 2.7%.
This follows on two pieces of big news.
First, BlueBet reported its H1 FY 2025 results today as well.
Highlights included a 116% year on year increase in turnover to $645 million. BlueBet achieved a gross win for the half of $91.3 million, up 128%, with the gross win margin increasing by 0.8% to 14.2%.
The net win margin increased by 0.1% from H1 FY 2024 to 10.4%. The ASX share saw its net win soar 120% to $67.4 million.
Commenting on the results, BlueBet CEO Andrew Menz said:
Our momentum has continued into the second half with our base business and the acquisition of TopSport presenting an attractive opportunity to accelerate our scale and to again deploy our repeatable integration and customer migration playbook.
So why is the ASX gambling share falling today?
With BlueBet reporting strong half-year results, why is the ASX share under selling pressure today?
Well, it may be related to the company's recent bid to acquire Pointsbet Holdings Ltd (ASX: PBH).
At the results release today, Menz said:
Our strategic consolidation of the Australian wagering market continues with our recent compelling offer for PointsBet, which is materially superior to the proposal recommended by the PointsBet board.
However, in another news release today, PointsBet rejected that offer, valued at between $1.02 and $1.09 per Pointsbet share, noting it did not appear to be superior to the prior takeover offer from MIXI.
PointsBet stated:
The PointsBet board considered the proposal and with the input of advice from the company's financial and legal advisers, the board determined that the proposal could not reasonably be expected to lead to a superior proposal to that announced earlier today from MIXI.
