News Snapshot:
May 29, 2021 BetMakers Technology Group Limited, an Australian betting technology company backed by influential bookmaker Matthew Tripp, has joined the queue to take over the racing and betting division of Tabcorp. BetMakers’s proposal, released on Friday, values the lucrative business segment at AU $ 4 billion and, if accepted, would receive Tabcorp AU $ 1 billion in cash from debt financing and a further AU $ 3 billion in newly issued BetMakers shares. The number of newly issued shares would be determined at the time a transaction was agreed and valued at a 15% mark-up on the traded price...
