BetMakers has publicly acknowledged that it is engaged in discussions with Tabcorp about a possible takeover, just a day after the Australian Financial Review broke the story. The ASX-listed wagering technology company issued a statement confirming that these talks are currently informal and ongoing.
The previous day, AFR reported that Tabcorp, Australia’s largest gambling operator, was involved in high-level talks concerning the acquisition of BetMakers Technology Group. The report indicated that conversations between Tabcorp CEO Gillon McLachlan and BetMakers Chairman Matt Davey started around Christmas time. Sources described these discussions as informal and emphasized their sensitive nature.
In response to the media coverage, BetMakers clarified that discussions with Tabcorp are indeed happening. However, the company refrained from sharing specifics about valuation, structure, or timeline. This aligns with the understanding that the negotiations are still in the early stages. At this point, no binding agreement or formal offer has been made.
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As of now, neither company has released additional details about the potential deal. The talks remain at a high level and are informal, with no guarantee that they will lead to a formal offer or a completed transaction. BetMakers Discussions With Tabcorp
