The combination of the two wagering operators will strengthen Tabcorp’s technology stack and provide both domestic and international growth opportunities
BetMakers Technology Group shares gained more than 33 per cent on Monday after the company agreed to be acquired by rival wagering operator Tabcorp.
Tabcorp Holdings has agreed a definitive scheme of arrangement to acquire 100 per cent of the issued shares in BetMakers at a price of A$0.24 per share, for an enterprise value of approximately A$267 million.
The acquisition price represents a premium of 41 per cent compared to BetMakers closing share price of A$0.17 per share on Friday.
Tabcorp said that the acquisition will accelerate the modernisation of its technology stack and provide diversification and growth opportunities internationally, alongside potential cost synergies of A$30 million by the end of the second year of ownership.
“The acquisition of BetMakers will accelerate our strategy across multiple areas. BetMakers has undergone a significant transformation over the past two years and built impressive wagering technology and a talented team,” said Tabcorp managing director and CEO Gillon McLachlan.
“Accessing those advantages will uplift our own tech capability and fast track our product ambitions, particularly for our unique media and tote offering. Combining BetMakers’ business with our rights, content and customer relationships creates a differentiated offering that will unlock growth and deliver attractive financial returns.”
The transaction remains subject to approval by BetMakers shareholders, competition and gaming regulators, and other customary closing conditions, with the acquisition expected to complete during the first quarter of 2027, Tabcorp’s Q3 FY27.
The board of directors of BetMakers has unanimously recommended the transaction.
Under the terms of the transaction, BetMakers shareholders will be given the option to receive a portion of their consideration in Tabcorp shares, subject to an aggregate cap of no more than 25 per cent of the total transaction consideration.
BetMakers chief executive Jake Henson commented: “Having spent time with the Tabcorp team, it is clear we share a common purpose: to build a market-leading global wagering and media business. Bringing together Tabcorp’s rights, content and relationships with BetMakers’ platforms, data and B2B wagering services will create a more complete and compelling global offering for our customers, and an exciting future for our people.”
In BetMakers’ fiscal fourth quarter ended June 30, 2026, revenue was up 9.4 per cent year-on-year at A$24.2 million, with quarterly adjusted EBITDA up 89 per cent to A$4.5 million.
Shares in BetMakers Technology Group Ltd. (ASX:BET) gained 33.33 per cent on the news to close at A$0.22 per share in Sydney Monday, while shares in Tabcorp Holdings Ltd. (ASX:TAH) gained 2.81 per cent to close at A$0.92 per share.