BetMakers agrees to acquire Nevada pari-mutuel provider LVDC for $800,000

BetMakers Technology Group entered a binding heads of agreement to acquire Las Vegas Dissemination Company for $800,000, subject to due diligence, regulatory approvals and other closing conditions. BetMakers said LVDC’s business is expected to add about A$4m in annualised revenue; the initial due diligence period is 45 days, and the company will pay LVDC $25,000 regardless of whether it proceeds.