BlueBet Holdings Ltd has entered a trading halt at their own request, as they prepare to make a significant announcement regarding a material acquisition and equity capital raising.

The halt will persist until either the announcement is made or trading resumes on April 12, 2024. The company has requested the halt while they also address a price query from the ASX.

Matt Tripp’s Betr is poised to make its way onto the ASX and is preparing to sign an all-scrip merger deal with Michael Sullivan’s BlueBet, Street Talk can reveal.

Betr was once backed by News Corp but is now owned by a consortium of investors headed by Tripp, a well-known industry figure who has founded then sold a number of major bookmaking businesses.