BetMakers Technology Group completes acquisition of RACELAB's global assets to enhance its racing ecosystem
Acquiring Company
BetMakers
Acquired Company
RACELAB
MelbourneInformation TechnologySportsDescription
BetMakers Technology Group has successfully acquired RACELAB's global assets for approximately $1.5 million in cash. The acquisition adds leading race form, preview, and statistics technology to BetMakers’ existing ecosystem, and offers potential for further expansion in the harness and greyhound form preview racing sectors. It also strengthens the partnership with global racing rights holder SIS, enabling the development of new products and services for global customers.
Quick answer
BetMakers is acquiring RACELAB, announced April 11, 2024. BetMakers is based in Melbourne, Victoria, Australia.
- How much did BetMakers pay for RACELAB?
- The deal value was not disclosed.
- What does BetMakers do?
- BetMakers is a technology company that provides advanced betting solutions for the global wagering industry.
- Where are BetMakers and RACELAB based?
- BetMakers is based in Melbourne, Victoria, Australia.
- Who are the decision-makers at BetMakers?
- Fundz holds 1 contact at BetMakers. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired RACELAB?
RACELAB was acquired by BetMakers, based in Melbourne. The deal was reported on April 11, 2024. BetMakers is a technology company that provides advanced betting solutions for the global wagering industry. It focuses on innovations in horse racing and sports betting. BetMakers is privately held and operates in Information Technology.
When did BetMakers acquire RACELAB?
BetMakers's acquisition of RACELAB was reported on April 11, 2024. BetMakers Technology Group has successfully acquired RACELAB's global assets for approximately $1.5 million in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RACELAB do?
RACELAB was a provider of leading race form, preview, and statistics technology, as well as proprietary fixed odds pricing technology and associated algorithms. It is privately held, operating in Sports.
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