Tabcorp to acquire BetMakers Technology Group
Key points
- Technology modernization and global B2B growth engine
- Expected cost synergies of $30 million by Year 2
- EPS accretion from Year 2 and double-digit EPS accretion from Year 3
Full summary
Tabcorp Holdings Limited has announced its intention to acquire 100% of BetMakers Technology Group Ltd for $267 million, representing a 41% premium to BetMakers' 1-month volume-weighted average price. The acquisition aims to modernize Tabcorp's wagering technology, leverage BetMakers' successful tech transformation, and create a global B2B growth engine. The deal is expected to deliver $30 million in cost synergies by the end of Year 2, with double-digit EPS accretion from Year 3. The transaction is unanimously recommended by the BetMakers Board and is expected to close during the third quarter of FY27, subject to regulatory approvals and other conditions.
Guidance
Targeting $30 million cost synergies by Year 2, double-digit EPS accretion from Year 3
Outlook
Expected to deliver attractive financial outcomes, including EPS accretion from Year 2 and double-digit EPS accretion from Year 3.
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