BET) share price down 5.4%?

Gambling operator Betmakers Technology Group Ltd (ASX: BET) saw its share price tumble 5.41% on Wednesday.

There was no meaningful official announcement from the company that could have directly swayed the stock price. However, a $75 million capital raise was executed on Wednesday, meaning some stock dilution did take place.

Last week the stock soared on news that racing industry identity Matt Tripp has bought into the company with $25 million of newly created shares. Other institutional investors put in a further $50 million.

Tripp was also appointed strategic advisor for Betmakers. “I am delighted to invest into the company and take on a role to assist in growing the business at scale globally,” he said at the time. Adding…