BetMakers Technology confirmed it had engaged in preliminary talks with Tabcorp over a possible takeover, after media speculation triggered unusual trading in its shares this week.
The Australian Financial Review reported on February 11th that Tabcorp Chief Executive Gill McLachlan was weighing a merger and acquisition move on the smaller rival.
In response, BetMakers told the Australian Securities Exchange (ASX) it had been approached by Tabcorp and that ‘preliminary and informal discussions’ had taken place regarding a potential change of control transaction.
The wagering technology provider said those talks highlighted opportunities for its products but stressed that no formal offer was received and discussions have since ceased. BetMakers supplies Tabcorp with wagering technology and content distribution services supporting its racing and media operations.
In a letter to ASX compliance, BetMakers acknowledged the AFR article and confirmed it had released an announcement to the market in line with its continuous disclosure obligations. The company said it was aware of information that could explain recent trading activity and had responded publicly to ensure investors were informed.
The ASX had queried whether BetMakers was withholding information, noting that trading patterns suggested confidentiality may have been lost.
BetMakers replied that its announcement addressed the matter directly and confirmed it remained in compliance with Listing Rule 3.1, which requires immediate disclosure of market‑sensitive information.
The company further confirmed that its responses to the exchange were authorized under its published continuous disclosure policy and approved by its board of directors.
