BetMakers Secures Key Nevada Casino Access with $4.5m LVDC Acquisition
BetMakers Technology Group has signed a definitive agreement to acquire Las Vegas Dissemination Company, gaining direct access to major Nevada casino operators and projecting $4.5 million revenue in the first year.
- Definitive agreement signed to acquire LVDC assets and liabilities
- Direct access to tier-one Nevada casino operators including Caesars and MGM
- Expected $4.5 million revenue and break-even adjusted EBITDA in Year 1
- Strategic foothold to accelerate US and global wagering technology growth
- Completion subject to regulatory approvals, anticipated in second half FY26
A Strategic Leap into Nevada’s Wagering Market
BetMakers Technology Group Ltd (ASX, BET) has taken a significant step forward in its US expansion strategy by signing a definitive agreement to acquire certain assets and liabilities of the Las Vegas Dissemination Company (LVDC). This move grants BetMakers direct access to some of the most influential casino operators in Nevada, including Caesars Entertainment, MGM Resorts, Wynn, Sands, and SouthPoint.
LVDC, established in 1988, is deeply embedded in Nevada’s gaming ecosystem, providing race information, off-track betting processing, and common-pool wagering services to sportsbooks, racebooks, bars, taverns, and online platforms. By integrating LVDC’s established operator relationships with BetMakers’ modular wagering technology and international client network, the company aims to enhance digital wagering experiences and expand its footprint in one of the world’s most recognizable wagering markets.
Financial Outlook and Growth Potential
The acquisition is expected to contribute approximately AUD 4.5 million in revenue and achieve at least break-even on an adjusted EBITDA basis in its first year of operation under BetMakers. While these figures are based on LVDC’s historical performance and assume contract novations, the company anticipates additional synergies and growth opportunities as it leverages its technology platform across LVDC’s network.
Jake Henson, CEO of BetMakers, highlighted the untapped potential in Nevada’s digital horse racing wagering market, describing it as a “blue-sky opportunity.” He emphasized that LVDC not only provides market access but does so at scale, offering a launchpad to deliver world-class digital wagering solutions to Nevada’s customers and accelerate BetMakers’ broader US growth ambitions.
Regulatory and Strategic Considerations
Completion of the acquisition remains subject to regulatory approvals and customary conditions precedent, with discussions reportedly well advanced. BetMakers expects to finalise the transaction early in the second half of fiscal year 2026. Successfully navigating these regulatory hurdles will be critical to unlocking the full strategic value of the deal.
This acquisition marks a material milestone for BetMakers, establishing a strategically critical foothold in Nevada that could serve as a springboard for further expansion across the US and internationally. It also reinforces the company’s position as a global leader in end-to-end wagering technology, combining deep local market relationships with advanced digital platforms.
Bottom Line?
BetMakers’ LVDC acquisition sets the stage for accelerated US growth, but regulatory approval remains the key next hurdle.
Questions in the middle?
- How quickly can BetMakers integrate LVDC’s operations and realize synergies?
- What regulatory challenges could delay or alter the acquisition’s completion?
- How will competitors in the US wagering market respond to BetMakers’ expanded presence?
