{"id":33722,"date":"2022-09-22T07:36:20","date_gmt":"2022-09-22T10:36:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33722"},"modified":"2026-04-23T04:39:22","modified_gmt":"2026-04-23T07:39:22","slug":"tabcorp-sells-ebet-subsidiary-for-us41-5m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tabcorp-sells-ebet-subsidiary-for-us41-5m","title":{"rendered":"Tabcorp sells eBet for US$41.5m"},"content":{"rendered":"\n<p>The unit has been bought by Venue Digital Technology Pty Ltd, a company founded by former Tabcorp executive Frank Makryllos.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- <strong>Tabcorp<\/strong> has sold its<strong> eBet loyalty and tracking systems business<\/strong> to Venue Digital Technology Pty Ltd for AU$62m (US$41.5m). The buyer is led by former Tabcorp and Tatts Group executive Frank Makryllos.<\/p>\n\n\n\n<p>Regulators still have to approve the sale, but Tabcorp hopes to finalise the transaction early next year. Should the agreement be terminated due to the buyer failing to obtain approvals or complete the sale, Tabcorp will be entitled to a break fee of AU$3m (US$2m), which may increase to AU$10m (US$6.7m).<\/p>\n\n\n\n<p>EBet serves around 525 gaming properties in NSW and Victoria. <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-holdings-posts-revenue-of-us1-64bn-for-fy22\" target=\"_blank\">In its financial report<\/a>\u00a0for the fiscal year 2022, it reported EBITDA (earnings before interest, taxes, depreciation, and amortisation) of AU$4.4m (US$2.92m). In the second half of the year, it recorded EBITDA of AU$3.2m (US$2.13m).<\/p>\n\n\n\n<p>Earlier this month,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-unit-to-monitor-tasmanian-gaming-machines\" rel=\"noreferrer noopener\">Tabcorp&#8217;s gaming services company<\/a>, MAX, received a Tasmanian Monitoring Operator Licence from regulators to monitor electronic gaming machines in Tasmanian Pubs and Clubs from July 2023.<\/p>\n\n\n\n<p>Under the terms of the agreement, Tabcorp will contribute AU$1m to Gambling Harm Research in Tasmania and hire Tasmanians to execute the project.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The unit has been bought by Venue Digital Technology Pty Ltd, a company founded by former Tabcorp executive Frank Makryllos.<\/p>\n","protected":false},"author":176,"featured_media":17276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Tabcorp has divested its eBet loyalty and tracking systems business to Venue Digital Technology Pty Ltd for AU$62m, pending regulatory approvals. This strategic transaction involves a B2B gaming technology provider serving over 500 gaming properties in NSW and Victoria, with reported FY22 EBITDA of AU$4.4m. Concurrently, Tabcorp's MAX unit secured a Tasmanian Monitoring Operator Licence, committing AU$1m to gambling harm research.","focusai_entities":"Tabcorp, Venue Digital Technology Pty Ltd, Frank Makryllos, Tatts Group, eBet, MAX","focusai_location":"Australia, NSW, Victoria, Tasmania","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), product_ux (0.7), tech_data (0.7), marketing_crm (0.75), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"eBet Valuation Rationale?","query":"What is the strategic rationale behind the AU$62m valuation for eBet, considering its reported FY22 EBITDA of AU$4.4m, and how does this align with current B2B gaming technology multiples?"},{"label":"Regulatory Approval Impact?","query":"What specific regulatory hurdles or conditions are anticipated for the eBet sale approval, and what is the potential impact on the transaction timeline and the AU$3m break fee clause?"}],"footnotes":""},"categories":[16336,157],"tags":[13716],"class_list":["post-33722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33722"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33722\/revisions"}],"predecessor-version":[{"id":33738,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33722\/revisions\/33738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17276"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}