Dataworks Raises A$4.24M as BetStop, BetGuard Top 50M Checks a Day

The financing is relatively small by listed gaming supplier standards. The operating numbers behind it are not: Dataworks says its platforms have completed more than 41 billion exclusion checks and connect in real time with over 200 wagering operators.

That puts the raise against a broader question for regulated gambling markets – how much infrastructure sits behind a single centralized self-exclusion system once operators must query it throughout the customer journey.

A$3M Placement Leads the Funding Round

Dataworks outlined the financing in a September 15 ASX announcement. It is targeting up to A$4.24 million before costs through two components:

• A$3.0 million placement covering 25 million new shares;
• A 1-for-10 non-renounceable entitlement offer expected to raise up to about A$1.24 million; and
• An issue price of A$0.12 per share, 20% below Dataworks’ A$0.15 closing price on September 10.

The A$0.12 price is also about 11% below the company’s 15-trading-day volume-weighted average price of A$0.135. Investors participating in the raise are due to receive one unlisted option for every two new shares, with an A$0.20 exercise price and a December 31, 2027 expiry.

Dataworks said the proceeds will support debt repayment and working capital alongside government contract mobilisation, commercial work in Australia and overseas, and selected platform investment.

50M Checks a Day Is the Bigger Gambling Metric

Dataworks operates BetStop on behalf of Australia’s ACMA. Licensed online and phone wagering providers query the national register to establish whether a customer is self-excluded.

Dataworks added a second centralized system in May, when iGaming Ontario launched BetGuard across the province’s regulated online gaming market. That allows one exclusion to apply across participating sites rather than requiring separate requests with each operator.

Dataworks now reports more than 41 billion checks across its government platforms since launch, with over 50 million processed on a typical day. At that daily rate, the systems would handle roughly 18.25 billion checks over 12 months if volume remained constant, according to a 15M calculation.

That is an annualized measure, not company guidance. It also does not mean 50 million players are being screened each day. A check is a machine-to-machine query from an operator to the exclusion infrastructure, so individual customer activity can generate repeated checks.

NSW Adds Another Government Workstream

The raise follows another gambling-related government engagement for Dataworks. On August 31, the company signed a paid planning services agreement with the New South Wales Government covering project planning, technical scoping and contract development for part of the state’s gambling harm-minimisation program. The eight-week engagement is expected to generate about A$536,000 if its three agreed milestones are delivered.

Dataworks also entered the new financial year after reporting a 24% increase in FY26 operating revenue and positive operating cash flow. BetGuard went live during the same financial year, giving the company operating government platforms in both Australia and Canada before the latest capital raise.

The NSW work is still a planning engagement rather than a larger follow-on deployment. Conversion into further implementation work would require another commercial step.

Offer Calendar Runs Into Mid-October

Dataworks expects to lodge the entitlement offer prospectus on September 18, followed by a September 23 record date. The offer is scheduled to open September 28 and close October 12, with new shares and options due to be issued on October 16.

Beyond completion of the financing, the next operational marker is whether Dataworks turns its current government pipeline (including the NSW planning work) into additional contracted deployments. For the gambling sector, that would show if the same centralized infrastructure model already running across Australia and Ontario can be extended into a third government program.