Australian gaming venue software company Venue Digital Technology has agreed to acquire Tabcorp subsidiary eBet for A$62 million with assistance from Thomson Geer.
eBet supplies loyalty and tracking systems to gaming venues primarily across Victoria and New South Wales.
Thomson Geer were the legal advisers to Venue Digital Technology, which is being led by gaming industry veteran Frank Makryllos, on the acquisition including leading extensive negotiations with ASX-listed Tabcorp on the acquisition.
The Thomson Geer team was led by Partner Arjunan Puveendran, who said: “We were pleased to work with Mr Makryllos on this new venture. A seasoned player taking over a well-established brand in the gaming space will bring a revitalised focus on customers and innovation.”
Arjunan was assisted by Senior Associate Hansel Tsang and Lawyer David Costantino.
The acquisition is expected to be finalised by the end of December 2022 subject to regulatory approvals.