Key Moments:
- BetMakers finalized an agreement to acquire the assets and liabilities of LVDC, with the deal announced on 5 December 2025
- LVDC is expected to generate approximately US$4.5 million in revenue for BetMakers in the first 12 months of ownership
- The acquisition remains subject to regulatory approval, with completion anticipated in the early second half of fiscal 2026
Strategic Entry Into the Nevada Market
etMakers Technology Group agreed to purchase the assets and liabilities of LVDC. LVDC is a veteran wagering services provider in Nevada. The company announced the transaction on 5 December 2025. It said the deal will strengthen BetMakers’ U.S. presence and enable collaborations with major casino groups.
BetMakers projects that LVDC will deliver roughly US$4.5 million in revenue in its first year under new ownership. The business is expected to reach at least Adjusted EBITDA break-even during this period. It will leverage LVDC’s existing agreements and past financial performance.
LVDC’s Industry Role and Market Access
Since its founding in 1988, LVDC has held an integral role within Nevada’s wagering sector. It supplies race data, off-track betting processing, and common-pool wagering services to a network spanning casinos, sportsbooks, racebooks, bars, taverns, and online platforms.
Through this acquisition, BetMakers plans to engage directly with major Nevada casino groups. These include Caesars Entertainment, MGM Resorts, Wynn, Sands, and SouthPoint. The company highlighted Nevada’s global recognition as a wagering hub. It noted that the digital transition in local horse racing is still in its early stages, offering significant growth potential.
Chief executive Jake Henson said the state continues to present significant growth potential in digital racing. He said, “Nevada is one of the most recognisable wagering markets in the world, yet digital adoption of horse racing is still in its infancy, so it represents one of the largest blue-sky opportunities in the US market.”
Henson added, “LVDC provides not only market access, but access at scale through the most respected casino groups in the country, including Caesars Entertainment, MGM Resorts, Wynn, Sands, and SouthPoint. This acquisition gives BetMakers a launchpad to bring world-class digital wagering experiences to Nevada customers and accelerate our US growth strategy.”
BetMakers outlined that combining LVDC’s longstanding operator partnerships with the company’s modular technology and international reach is expected to further cement its status as a global wagering solutions provider. The acquisition process remains subject to standard regulatory reviews, with the company aiming to close the transaction in the early part of fiscal 2026’s second half.
Recent Agreement With Betfair Australia
The LVDC acquisition news comes shortly after BetMakers announced a five-year exclusive deal with Betfair Australia. This deal covers delivery of its full technology suite for CrownBet’s launch. This agreement, made public on 4 December 2025, will see BetMakers implement its Apollo wagering platform for the new fixed odds brand.
| Partnership | Date Announced | Key Details |
|---|---|---|
| LVDC Acquisition | 5 December 2025 | Entry into Nevada, expected US$4.5 million first-year revenue, regulatory approval pending |
| Betfair Australia (CrownBet Tech) | 4 December 2025 | Five-year exclusive technology supplier, Apollo platform deployment |
Betfair is preparing to launch CrownBet in the first quarter of 2026 as a racing-centric offering in Australia’s competitive landscape, with preparations for technology deployment and regulatory compliance already in progress. BetMakers will be the exclusive provider for wagering technology and services including fixed odds, tote, account management, trading, and risk management.
BetMakers noted that this contract represents a significant commercial opportunity, given the ongoing growth in both racing and sports betting. The Apollo system is promoted as a modern, scalable foundation capable of meeting compliance requirements in different jurisdictions, while also enabling operators to adapt the interface to their needs. BetMakers’ involvement will extend through the launch phase and ongoing operation of CrownBet.
Betfair Regulatory Penalty
This agreement follows a regulatory development involving Betfair. Earlier this year, the Australian Communications and Media Authority fined Betfair AUS$871,660 (US$567,082). The penalty was for sending 148 unsolicited emails and SMS messages to customers, including those who had opted out. Betfair reportedly paid the fine.
- Author
Daniel Williams
