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BETMAKERS TO POWER HORSE RACING WAGERING IN LAS VEGAS

BetMakers Technology Group Ltd (ASX:BET) (BetMakers or the Company) is pleased to announce that it has entered into a binding heads of agreement with the Las Vegas Dissemination Company (LVDC) in relation to the potential acquisition (Proposed Acquisition) of the 100% of the assets required to operate the business.

• Strategic acquisition of LVDC, Las Vegas’ only approved supplier of Horse and Greyhound pari-mutuel wagering
• Proposed Acquisition is expected to initially generate ~A$4m annualised revenue for BetMakers
• LVDC’s business expected to be profitable with strong costs synergies across the BetMakers group
• Opportunity to increase depth of product suite, plus additional pari-mutuel services throughout the state of Nevada
• LVDC holds existing contracts with Las Vegas’ leading casinos including MGM Resorts, Caesars Entertainment, Station Casinos, South Point Hotel and Casino and other major operators.

Key strategic benefits:

• Dominant market position:Establishes a foothold in this major global gaming, cementing BetMakers' presence alongside Nevada’s premier casino operators.
• Product and platform synergy: Integrates BetMakers’ advanced global wagering technology to elevate the end-user experience across retail and digital channels.
• Content expansion: Enables a broader racing content offering for casino partners, opening potential new revenue channels.
• Return profile:LVDC’s business is expected to be cashflow positive within 12 months supported by cost efficiencies and technology-driven growth opportunities

BetMakers’ CEO, Jake Henson, said,
“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.”