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Tabcorp invests in unique, digital wagering platform

Addisons has advised in a deal which involved a multimillion-dollar investment by Tabcorp in a fast-growing wagering platform.

November 01, 2022 • By Emma Musgrave
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Tabcorp invests in unique, digital wagering platform
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Firm: Addisons (Dabble); Undisclosed (Tabcorp).

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Deal: Dabble has been advised on its capital raising and shareholder sale facility, which included an investment by Tabcorp in Dabble.

 
 

Value: $33 million.

Area: Corporate.

Key players: The Addisons team was led by corporate partner, Daniel Goldberg, and solicitor, Patricia Lai, as well as partner Jamie Nettleton and senior associate Shanna Protic Dib of the gambling law group.

Deal significance: Dabble is described as one of Australia’s fastest-growing wagering platforms that focuses on providing a socialised betting experience.

Tabcorp’s investment will provide significant expansion and scale opportunities for Dabble to enhance its interactive and innovative socialised wagering platform, a statement from Addisons explained.

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Addisons’ gambling law partner, Jamie Nettleton, said that the transaction will see Dabble continue its strong growth trajectory.

“Addisons is delighted to have supported Dabble on this transaction, which recognises its pre-eminence as a licensed, innovative, digitally focused bookmaker,” Mr Nettleton said.

“This continues our partnership with Dabble which has been ongoing since pre-launch, to launching as an online Northern Territory licensed bookmaker and culminating in this transaction.

“We look forward to Dabble’s continuing success.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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