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Sports Entertainment Group Limited ( (AU:SEG) ) has issued an update.
Sports Entertainment Group Limited has agreed to acquire the audio broadcasting assets of Racing and Wagering Western Australia, further solidifying its position in the racing audio market. This acquisition, expected to complete in November 2025, is part of SEN’s strategy to enhance its racing content nationwide, following its earlier acquisition of RSN. The deal includes a 4-year content and marketing partnership with RWWA and a non-exclusive partnership with TABtouch, aiming to expand the reach and quality of racing content across Australia.
The most recent analyst rating on (AU:SEG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Sports Entertainment Group Limited stock, see the AU:SEG Stock Forecast page.
More about Sports Entertainment Group Limited
Sports Entertainment Group Limited operates in the sports media industry, focusing on audio broadcasting and digital content. The company is known for its extensive coverage of racing events and aims to engage audiences across Australia through strategic partnerships and acquisitions.
Average Trading Volume: 17,713
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$84.26M
See more insights into SEG stock on TipRanks’ Stock Analysis page.