BetMakers Technology Group Enters Scheme with Tabcorp
Key points
- BetMakers enters into Scheme Implementation Deed with Tabcorp
- BetMakers Board unanimously recommends the Scheme
- $0.24 cash per BetMakers Share or option for new Tabcorp shares
- Scheme targeting completion during Q3 FY27
- No immediate action required by shareholders
Full summary
BetMakers Technology Group Limited (ASX: BET) has entered into a binding Scheme Implementation Deed with Tabcorp Holdings Limited (ASX: TAH) for Tabcorp to acquire 100% of BetMakers. The BetMakers Board unanimously recommends the Scheme, subject to certain conditions. The Scheme Consideration is $0.24 cash per BetMakers Share, with an option for shareholders to receive new Tabcorp shares. The Scheme Consideration represents a 45.5% premium to BetMakers' closing share price before the announcement. The transaction is expected to close during Q3 FY27, subject to regulatory approvals and other customary conditions. Shareholders do not need to take immediate action.
Guidance
Equity value of approximately $282.9m, represents a 45.5% premium to BetMakers' closing share price
Outlook
The proposed transaction recognizes the value of BetMakers' technology platforms, global customer relationships, and wagering industry capabilities, positioning Tabcorp for technology modernization and international growth.
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