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Stock Betmakers Technology Group Ltd (BET.ASX)
Release Time 4 Jun 2025, 8:37 a.m.
Price Sensitive Yes
 BetMakers to Acquire Leading Nevada Pari-Mutuel Provider LVDC
Key Points
  • Binding agreement to acquire LVDC, the only approved pari-mutuel service provider for Nevada's gaming industry
  • Expands BetMakers' presence in the heart of global gaming, alongside Nevada's premier casino operators
  • Expected to generate approximately A$4 million in revenue for BetMakers
Full Summary

BetMakers Technology Group has signed binding terms to acquire Las Vegas Dissemination Company (LVDC), the only approved pari-mutuel service provider for Nevada's gaming industry, servicing sportsbooks, racebooks, bars, taverns, and online platforms. LVDC provides pooling (through its hub) into hosted racing pools from around the world, including on North American racing. The acquisition is expected to generate approximately A$4 million in revenue for BetMakers. The acquisition establishes a foothold for BetMakers in the heart of global gaming, cementing its presence alongside Nevada's premier casino operators. It also enables a broader racing content offering for casino partners, opening new revenue channels. BetMakers plans to leverage its technology and network to monetize LVDC's customer relationships and Las Vegas footprint. The transaction is expected to be cash flow positive within 12 months, supported by cost efficiencies and technology-driven growth opportunities.

Guidance

Based on LVDC's historical financial performance and assuming existing contracts are novated to BetMakers and consistent revenue is derived from these contracts, the total revenue acquired by BetMakers is expected to be approximately A$4 million.