Browsing Tag
BetMakers Technology Group Limited
2 posts
BetMakers (ASX: BET) EBITDA jumps 205% as margin triples despite modest sales growth
Revenue increased 8.8% to A$92.6 million, but adjusted EBITDA more than tripled to A$14.1 million as gross margin expanded, operating expenses fell and digital revenue became a larger part of the business.
Tabcorp bets A$267m on BetMakers as A$30m synergy target turns technology overhaul into an M&A test
Tabcorp Holdings is moving to acquire BetMakers Technology Group for an enterprise value of about A$267 million, using the wagering technology company to accelerate a broader digital overhaul. The deal looks dramatically cheaper if management delivers A$30 million of targeted annual cost synergies, making integration rather than the takeover premium the central financial test.