Australian betting technology company BetMakers proposes to acquire Tabcorp’s betting and media division worth AU $ 4 billion – IAG – Inside Asian Gaming


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May 29, 2021 BetMakers Technology Group Limited, an Australian betting technology company backed by influential bookmaker Matthew Tripp, has joined the queue to take over the racing and betting division of Tabcorp. BetMakers’s proposal, released on Friday, values ​​the lucrative business segment at AU $ 4 billion and, if accepted, would receive Tabcorp AU $ 1 billion in cash from debt financing and a further AU $ 3 billion in newly issued BetMakers shares. The number of newly issued shares would be determined at the time a transaction was agreed and valued at a 15% mark-up on the traded price...