Tabcorp Sells Tracking Systems Provider eBet

Ben H / 29 September 2022

Betting giant Tabcorp Holdings Limited has agreed to sell eBet for $62 million. The deal is expected to go through by the end of the year or as soon as regulators approve the transaction.

eBet is a supplier of loyalty systems to gaming venues in NSW and Victoria. When the deal is completed, Digital Technology Pty Ltd, a company spearheaded by Frank Makryllos, will become the new owner of the tracking systems provider. Makryllos is a former Tabcorp Holdings executive.

Tabcorp expects to get a pre-tax profit of $39 million from the transaction which is a pretty good deal considering that, in FY2022, eBet ‘s EBIDTA was $4.4 million.

20-Year Tasmania License

Tabcorp has also been awarded a Tasmania license to monitor EGMs (Electronic Gaming Machines) for a period of 20 years starting from 1 July 2023. Tabcorp got the license via Max Regulatory Services. The subsidiary will pay $2 million in licensing fees to the government of Tasmania and will also transfer $1 million to the Community Support Fund, as per license terms.

Tabcorp’s CEO Adam Rytenskild said that the transactions they made allowed the betting operator to simplify its Gaming Services business as it moved towards “an integrity services model.”

Rytenskild was pleased to have concluded the deals quickly and in line with Tabcorp’s new strategic direction which is to grow not just the Wagering & Media arm, but also the Gaming Services business.

The verdant surroundings and rustic ambience of Warwick Farm lend a distinct racing charm. While racing takes held on 23 Wednesday afternoons, the Australia Day race meeting in January is the main event. The racecourse is at the centre of a community that ...

The Warrnambool Racecourse is located in the suburb of Warrnambool, in a picturesque valley with great natural viewing platforms. Warrnambool Racecourse is around 260 kilometres from Melbourne’s CBD.

Terang Racing Club, sometimes known as the Flemington of the Bush, has a long and rich history of racing in the southwest. The expansive course was designed by the same person who created the Flemington track. The facilities include a well-kept, vast grandstand with a...

Swan Hill Racecourse is located in the centre of the Murray Region, 340 kilometres from Melbourne.Swan Hill Racecourse June racing festival has earned a name for itself as the best country festival in the state, if not the entire nation. The advice is to book as soon as ...

Sale Racecourse has first-rate facilities, including a wholly climate-controlled Public Bar and Grandstand Bar open on race days.The take pleasure in being a community club that includes our surrounding townships. Because of their family-friendly ambience and specific ...

Ben H
Ben Harris is the Communications Manager for KRUZEY, an AFL expert, and writer. He has one daughter that he loves dearly and four children's books... [Read full bio]

Comments are closed.

Think. Is this a bet you really want to place? Set a deposit limit.

For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au