Tabcorp's Acquisition of BetMakers Looks Sensible, Analyst Says

Dow Jones
Aug 11

Tabcorp's planned purchase of gaming tech company BetMakers Technology Group for A$283 million appears sensible to Jefferies. "The deal is aimed at accelerating growth across A$350 million of International/Media revenue while enhancing B2C capabilities through improved technology, data and media assets," says analyst Kai Erman. Tabcorp expects to make some A$30 million of savings from combining the businesses. It expects the deal to boost EPS from the second year after it completes. Jefferies retains a hold call on Tabcorp, and raises its price target by 5.6% to A$0.95/share. Tabcorp ended Monday at A$0.915.

 

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