Latest Racing News

FleetPartners is navigating a competitive acquisition landscape with three conditional offers on the table, rejecting Element's exclusivity request while considering higher bids from SG Fleet and ORIX.

BetMakers Technology Group has inked a binding deal for Tabcorp to acquire it at a 45.5% premium, valuing the wagering tech firm at about $283 million. Shareholders can opt for cash or a mix of cash and Tabcorp shares, with completion aimed for Q3 FY27.

Tabcorp Holdings has agreed to acquire BetMakers Technology Group for approximately $267 million, aiming to accelerate its wagering technology upgrade and expand its global B2B footprint. The deal targets $30 million in cost synergies by Year 2 and expects double-digit EPS accretion by Year 3.

Betr Entertainment reported its first positive operating cash flow since 2021 with $2.6 million in Q4 FY26, driven by improved customer engagement and promotional efficiency. The company enters FY27 with strong momentum, including over 15% turnover growth in July excluding World Cup effects and record Same Game Multi volumes.

BetMakers Technology Group delivered a robust Q4 FY26 with revenue rising 9.4% to $24.2 million and adjusted EBITDA nearly doubling to $4.5 million, driven by new commercial deals and operational efficiencies.

RareX Limited and Iluka Resources have progressed to the Request for Proposal stage for the Mrima Hill Niobium and Rare Earths Project in Kenya, backed by a A$1.65 billion Australian Government loan for downstream refining.

Mercury NZ invests US$30 million for a minority stake in Datagrid NZ, aligning with its strategy to power long-term renewable demand from large-scale digital infrastructure projects.

Nelson Resources has pinpointed four key exploration targets at its Cinnamon Tungsten Property in Nevada, highlighting Ophir as a near-surface priority with strong alteration and a newly mapped quartz monzonite intrusion. Positioned next to Guardian Metal Resources’ Pilot Mountain project, the company plans immediate fieldwork to advance these prospects.

FortifAI has released Version 1.0 of its Nol8 AI Data Plane, providing low-latency, governed data delivery designed to boost GPU utilisation and reduce costs for Agentic AI applications. The launch enables early customer testing and proof-of-concept trials.

PointsBet’s FY26 nine-month report reflects a transitional period marked by MIXI’s 66.4% takeover, a slight revenue dip to AUD 186.6 million, and a near breakeven normalised EBITDA. Australian revenue softened by 4%, while Canada grew 13% driven by iGaming momentum.

St George Mining has raised A$60 million through a two-tranche placement led by major shareholder Hancock Prospecting to accelerate development of its high-grade Araxá rare earths and niobium project in Brazil.

1414 Degrees (ASX:14D) has partnered with European space company Orbit Boy to test its SiNTL silicon-anode battery technology for satellite and rocket applications, aiming to break into the growing space battery market.