Tabcorp to Acquire BetMakers in A$267 Million Deal
Tabcorp will acquire BetMakers for A$267 million, a 45.5% premium, with the deal expected to close in Q3 FY2027.
Australian wagering and gaming company Tabcorp has entered into a binding agreement to acquire BetMakers Technology, a wagering technology firm, in a deal valued at approximately A$267 million (US$188.66 million).
Under the terms of the agreement, Tabcorp will pay A$0.24 per BetMakers share, representing a 45.5% premium over BetMakers' closing share price on Friday. The announcement sent BetMakers shares surging as much as 42.4% to A$0.235 at the market open, marking their highest level since February 11. Tabcorp shares also rose by 2%.
BetMakers' board has unanimously recommended that shareholders vote in favour of the transaction. The company's CEO, Jake Henson, said the combination of Tabcorp's rights, content, and relationships with BetMakers' platforms, data, and B2B wagering services would create a more complete and compelling global offering for customers.
Tabcorp stated that the acquisition would support the modernisation of its wagering technology platform, help expand its international business, and improve operational efficiency. The company expects the deal to be earnings per share (EPS) accretive from the second year of ownership, with double-digit EPS accretion expected from the third year.
BetMakers shareholders will have the option to elect to receive part of their consideration in Tabcorp shares, subject to a cap of 25% of the total transaction consideration. The parties are targeting implementation of the transaction during the third quarter of fiscal 2027.