BetMakers Technology Group, the race betting operator and technology provider from Australia, has finally pushed their acquisition of Sportech’s Global Tote business over the line.
The deal between the two companies was agreed in December 2020, when the Sportech shareholders voted in favour of selling their racing, tote and digital business to BetMakers for around 42 million U.S. dollars.
Now the agreement has passed all regulatory hurdles, making BetMakers the new owner of Sportech’s Global Tote business, which is a well-known provider of pari-mutuel technology and services to horse race betting operators all around the world.
The sale includes Sportech’s racing, tote and digital assets in the United States, United Kingdom and Europe. Moreover, BetMakers will also take control of the Americas Tote business, which supplies betting solutions and operational services to more than 200 casinos, racetracks, and bookmakers.
The Australian company will also become the new owner of Sportech’s white label digital betting solutions business, which was designed with the North-American market in mind. This digital betting business already has more than 25 customers on the continent and will help BetMakers accelerate its expansion into the United States.