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BetMakers Expands North American Presence with Strategic Acquisition of LVDC

Story Highlights
  • BetMakers acquires LVDC to enhance presence in Nevada’s wagering market.
  • The acquisition is expected to generate A$4 million in annual revenue and modernize wagering experiences.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BetMakers Expands North American Presence with Strategic Acquisition of LVDC

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Betmakers Technology Group ( (AU:BET) ) just unveiled an announcement.

BetMakers Technology Group Ltd has announced a strategic acquisition of Las Vegas Dissemination Company (LVDC), the only approved supplier of pari-mutuel wagering services in Nevada. This acquisition is expected to generate approximately A$4 million in annualized revenue and enhance BetMakers’ presence in the North American market. The move is aimed at strengthening relationships with major casino operators in Nevada and expanding BetMakers’ product offerings, potentially opening new revenue channels. The acquisition positions BetMakers to modernize horse racing wagering experiences in Las Vegas, leveraging its industry-leading technology and global racing network.

The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.

More about Betmakers Technology Group

BetMakers Technology Group Ltd is a company operating in the wagering industry, focusing on providing advanced technology solutions for horse and greyhound racing. The company is known for its global wagering technology and aims to enhance the wagering experience through both retail and digital channels.

Average Trading Volume: 983,897

Technical Sentiment Signal: Hold

Current Market Cap: A$106.8M

See more data about BET stock on TipRanks’ Stock Analysis page.

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