• Strategic acquisition of LVDC, Las Vegas' only approved supplier of Horse and Greyhound pari-mutuel wagering
• Proposed Acquisition expected to initially generate ~A$4m annualised revenue for BetMakers
• LVDC's business expected to be profitable with strong costs synergies across the BetMakers group

BetMakers Technology Group Ltd (ASX:BET) has entered into a binding heads of agreement with the Las Vegas Dissemination Company (LVDC) in relation to the potential acquisition of 100% of the assets required to operate the business. LVDC is the only approved provider of pari-mutuel wagering services in Nevada for racing. It holds three key Nevada gaming licenses: disseminator, live broadcast disseminator, and pari-mutuel systems operator. LVDC is the central hub for pari-mutuel wagering in Nevada, servicing sportsbooks, racebooks, bars, taverns, and online platforms. The Proposed Acquisition marks a major strategic milestone in BetMakers' North American expansion and provides a launchpad for next-generation racing and wagering experiences in one of the world's most iconic gaming destinations. The Proposed Acquisition is targeted at strengthening the Company's direct relationships with major casino and retail wagering operators across Nevada and strategically positions BetMakers to use its industry-leading technology and strong global racing network to help modernise and improve the horse racing wagering experience in Las Vegas both in-venue and via digital applications. The Proposed Acquisition is expected to initially generate ~A$4m annualised revenue for BetMakers and LVDC's business is expected to be profitable with strong costs synergies across the BetMakers group.

The Proposed Acquisition is expected to initially generate ~A$4m annualised revenue for BetMakers.

The Proposed Acquisition underscores BetMakers' commitment to expanding its North American operations, delivering innovative wagering solutions and partnering with global leaders in the gaming and wagering industry.