M&A

BetMakers bets big on US as “transformational” Sportech acquisition completes

Australian betting firm triggers pause in trading on Australian Securities Exchange as “pivotal” expansion deal clears final hurdle

BetMakers has completed the A$56.2m (£30.9m) acquisition of fixed-odds and tote betting supplier Sportech. The all-cash takeover, which has now earned final regulatory approval, includes Sportech’s Tote racing and digital businesses in the US, UK and Europe. Shares in BetMakers are not currently available on the Australian Securities Exchange after the firm triggered a halt…

BetMakers | M&A | Sportech | Sports betting | Tote | US

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