ASX-listed BetMakers Technology Group has signed a binding heads of agreement to acquire Las Vegas Dissemination Company (LVDC) for $800,000.
LVDC is the only authorised provider of pari-mutuel wagering services for horse and greyhound racing in Nevada.
The company holds three crucial state licences, allowing it to operate as a disseminator, live broadcast distributor, and pari-mutuel systems operator. Acting as the central hub for pari-mutuel betting in Nevada, LVDC services sportsbooks, racebooks, bars, taverns, and online platforms.
Among its clients are major Las Vegas casino giants, including Wynn Resorts, MGM Resorts, and Caesars Entertainment. LVDC also facilitates international pooling for racing events, especially from North America.
BetMakers described the acquisition as a key strategic step in its North American growth, offering a platform to introduce advanced racing and betting experiences in one of the world’s top gaming hubs. The deal is set to enhance the company’s relationships with leading casinos and retail betting operators in Nevada.
The acquisition is projected to bring in around A$4 million in annualised revenue, while leveraging BetMakers’ global racing technology and network is expected to streamline operations and help turn LVDC profitable.
Jake Henson, BetMakers CEO, mentioned:
We are excited to announce the potential acquisition of LVDC. 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.
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. 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.
The planned acquisition is contingent on standard closing conditions, including regulatory approvals and the successful completion of due diligence.
The total purchase price is set at $800,000. BetMakers will pay an initial, non-refundable $25,000 to LVDC during a 45-day due diligence period.
If the company proceeds with the deal after that period, it will pay the remaining $225,000 to complete the full $250,000 acquisition deposit.
