Australian betting technology firm BetMakers Technology Group has confirmed preliminary discussions with Tabcorp Holdings regarding a potential change of control transaction, following a trading halt on the Australian Stock Exchange.
The confirmation came after the ASX issued a Price Query in response to unexpected trading volume in BetMakers shares. While the company initially did not disclose its engagement with Tabcorp in its ASX filing, the Australian Financial Review subsequently reported that BetMakers Chair Matt Davey had been involved in M&A discussions with Tabcorp CEO Gillon McLachlan since 2025.
Early-Stage Discussions Now Concluded
In a statement released to the ASX, BetMakers confirmed that Tabcorp had approached the company and that preliminary discussions had taken place. However, the betting technology firm emphasized that no formal offer was received and that discussions have since ceased.
“BetMakers confirms that it was approached by Tabcorp and that preliminary and informal discussions have taken place regarding a potential change of control transaction,” the company stated. “While these discussions were at an early stage and highlighted opportunities for BetMakers wagering technology products, no formal offer was received and discussions have ceased.”
Tabcorp’s Strategic Position
Tabcorp remains the largest wagering operator in Australia across both retail and online betting markets. However, the company faces mounting competition from international operators including bet365, Entain’s Ladbrokes and Neds, Flutter Entertainment’s Sportsbet, and emerging challengers like Betr and NextBet.
According to reports, Tabcorp viewed BetMakers as a potential vehicle to address debt obligations exceeding AU$2 billion. The acquisition of the B2B technology firm, which has been expanding its profile both domestically and internationally, could have provided a lucrative additional revenue stream for the wagering giant.
The development highlights ongoing consolidation activity in the Australian betting technology sector as operators seek competitive advantages through strategic partnerships and acquisitions.
Source: SBC News
