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An unsolicited cash offer pitched at a 5.7% discount to Evolution's most recent close has put one of iGaming's largest B2B suppliers in play, raising immediate questions about deal rationale, regulatory approvals across multiple jurisdictions, and the future of Evolution's product roadmap.
Tabcorp has struck a AU$283 million deal to buy cloud-native platform BetMakers, with executives telling analysts it was the cheapest, fastest, and lowest-risk path to modernising a technology estate built on ageing on-premises infrastructure. Annual cost synergies of up to AU$30 million are projected within two years.
Evolution has walked away from its roughly $85 million takeover of Galaxy Gaming after two gaming regulatory approvals failed to arrive by the deadline, triggering a $5.23 million termination fee payable within two business days.
