• Tabcorp to acquire BetMakers for $283m equity value
• Acquisition expected to be EPS accretive from Year 2
• Targeting $30 million in cost synergies by Year 2
• Deal to be cash funded with potential scrip option for BetMakers shareholders
• BetMakers board unanimously recommends the transaction

Tabcorp Holdings Limited announced its intention to acquire 100% of BetMakers Technology Group for an equity value of approximately $283 million. The acquisition is expected to accelerate Tabcorp's technology modernization, establish a global B2B growth engine, and provide greater speed and efficiency. Key highlights include targeting $30 million in cost synergies by the end of Year 2, expected EPS accretion from Year 2, and a pro forma leverage of 1.9x as at Dec-25. The deal is to be cash funded with an option for BetMakers shareholders to receive a portion of their consideration in new Tabcorp shares, subject to a cap of 25% of the total transaction consideration. The BetMakers board unanimously recommends the transaction, subject to shareholder and regulatory approvals.

Expected to be EPS accretive from Year 2, targeting $30 million in cost synergies by Year 2

The acquisition is expected to create a compelling customer proposition, enhance Tabcorp's technology stack, and provide significant growth opportunities.