Tabcorp's Acquisition of BetMakers Looks Sensible, Analyst Says

Dow Jones

08/11

Tabcorp's planned purchase of gaming tech company BetMakers Technology Group for A$283 million appears sensible to Jefferies. "The deal is aimed at accelerating growth across A$350 million of International/Media revenue while enhancing B2C capabilities through improved technology, data and media assets," says analyst Kai Erman. Tabcorp expects to make some A$30 million of savings from combining the businesses. It expects the deal to boost EPS from the second year after it completes. Jefferies retains a hold call on Tabcorp, and raises its price target by 5.6% to A$0.95/share. Tabcorp ended Monday at A$0.915.

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Tabcorp expects to make some A$30 million of savings from combining the businesses. It expects the deal to boost EPS from the second year after it completes. Jefferies retains a hold call on Tabcorp, and raises its price target by 5.6% to A$0.95/share. 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Tabcorp expects to make some A$30 million of savings from combining the businesses. It expects the deal to boost EPS from the second year after it completes. Jefferies retains a hold call on Tabcorp, and raises its price target by 5.6% to A$0.95/share. Tabcorp ended Monday at A$0.915.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}