Australian gambling technology company BetMakers has officially announced its plan to acquire Las Vegas Dissemination Company (LVDC) — currently the only licensed provider of horse and greyhound racing content in Nevada. LVDC has confirmed acceptance of this acquisition proposal, although the transaction amount has not yet been disclosed.
According to BetMakers' disclosure, this proposed transaction will cover 100% of LVDC's business assets, and is expected to bring about $4 million in annual revenue to the company. The acquisition is still subject to regulatory approval and other related conditions.
LVDC currently holds three key licenses in Nevada: a race broadcast license, a live broadcast license, and a horse racing betting pool system operating license. With these rare licenses, LVDC has long dominated the distribution of local horse and greyhound betting content in Las Vegas, becoming an important part of the gambling ecosystem.
If the transaction is successfully completed, BetMakers will take over all the services currently provided by LVDC within Nevada, including providing event content and technical support for sports betting, online platforms, and retail locations.
BetMakers CEO Jake Henson stated: "The acquisition of LVDC adds momentum to our entry into the North American market, especially into the strictly regulated Nevada, which will become an important platform for us to showcase our horse racing technology and retail innovation experience. We look forward to the LVDC team joining BetMakers and the Global Tote group to drive the next phase of growth and execution."
This transaction also highlights BetMakers' active global strategic expansion. Previously, in March 2024, BetMakers announced that its collaboration with UK Tote Group would be extended until 2029, and in April, it established a partnership with South African gambling company Hollywoodbets to support fixed odds services and data technology support for up to 335,000 events annually.
Meanwhile, the industry sees frequent mergers and acquisitions. Recently, Japan's Mixi Corporation raised its acquisition offer for PointsBet, seeking to win more shareholder support.
