Tabcorp is acquiring gambling technology provider Intecq in a deal that will see the Australian betting operator beef up its gaming services business.

The Melbourne-based gambling giant will shell out AU$128 million (US$96.9 million) for the Australian Stock Exchange-listed Intecq, according to the Australian Financial Review.

Formerly known as eBet, Inteq provides gaming technology services such as loyalty and rewards programs, cashless gaming systems and back office tools to about 1,200 licensed casinos, clubs and pubs across the country. The Sydney-based company also has a network of more than 70,000 gaming machines in Australia.

Intecq chairman Paul Oneile told the news outlet that talks with Tabcorp started after Tabcorp CEO David Attenborough approached him back in April.