BetMakers Technology Group, an ASX-listed wagering technology firm, has signed a binding heads of agreement to acquire the Las Vegas Dissemination Company (LVDC), marking a pivotal move in its U.S. growth strategy. The $800,000 deal positions BetMakers to take full ownership of the only authorized provider of pari-mutuel betting services for horse and greyhound racing in the state of Nevada.

Under the terms of the agreement, BetMakers will gain control of 100 percent of LVDC’s assets. The acquisition includes LVDC’s trio of crucial state licenses, allowing it to operate as a disseminator, live broadcast disseminator, and pari-mutuel systems operator. These credentials enable LVDC to serve as the central hub for pari-mutuel betting in Nevada, providing services to a diverse network of sportsbooks, racebooks, taverns, bars, and digital wagering platforms.

Gateway to Las Vegas Wagering Market

LVDC’s client base features prominent Las Vegas casino operators, including household names like MGM Resorts, Caesars Entertainment, and Wynn Resorts. Additionally, the company facilitates international wagering by offering access to pooled racing events from around the world, particularly across North America.

The strategic rationale behind the acquisition is centered on bolstering BetMakers’ footprint in North America. In an official statement, the company described the deal as a significant milestone that not only enhances its exposure in one of the world’s most recognized gaming markets but also lays the groundwork for innovation in racing and wagering experiences.

“This acquisition would not only give us access to the dynamic Nevada gaming market but also creates a strong platform to showcase innovation in horse racing technology and retail wagering experiences,” said Jake Henson, CEO of BetMakers, in an official press release. “We are pleased to welcome the LVDC team into the broader BetMakers and Global Tote group as we move into the next phase of growth and execution.”

Revenue Boost and Operational Synergies Expected

Financially, the transaction is anticipated to contribute approximately A$4 million in annualized revenue to BetMakers. Additionally, the integration is expected to unlock operational efficiencies and cost savings that could make LVDC profitable under BetMakers’ management.

The company plans to leverage its global racing content network and proprietary wagering technologies to revitalize the horse racing experience in Las Vegas, blending traditional betting formats with modern digital interfaces.

“The potential acquisition of LVDC is a strategic step that strengthens our position within the North American market and expands connectivity with world-class global wagering operators through the BetMakers network,” Henson added.

Acquisition Terms and Timeline

The total purchase price of the acquisition is set at $800,000. As part of the deal structure, BetMakers has agreed to pay an initial $25,000 regardless of whether the transaction proceeds. Following a 45-day due diligence window, the company will determine whether to continue with the acquisition. Should it proceed, BetMakers will pay the remaining $225,000 of the $250,000 acquisition deposit, with the remaining balance to be settled as stipulated.

Completion of the acquisition remains subject to standard closing conditions, including necessary regulatory approvals and successful due diligence.

With this transaction, BetMakers is poised to make a significant impact on the future of racing and wagering in Nevada. By acquiring LVDC, the company gains not only a regulatory foothold in one of the most lucrative gaming markets but also a platform for introducing cutting-edge racing technology and enhancing the customer experience for bettors across the state.