{"id":777027887,"date":"2025-06-17T09:46:25","date_gmt":"2025-06-17T12:46:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777027887"},"modified":"2026-04-21T21:50:09","modified_gmt":"2026-04-22T00:50:09","slug":"pointsbet-unanimously-rejects-betr-bid","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pointsbet-unanimously-rejects-betr-bid","title":{"rendered":"PointsBet rejects Betr bid in favour of MIXI Australia"},"content":{"rendered":"\n

MIXI’s offer values the company at AU$402m (US$261m).<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0 The PointsBet board<\/strong> has unanimously rejected Betr’s takeover proposal<\/strong> and recommended an improved offer from MIXI Australia<\/strong> of $1.20 in cash <\/strong>per PointsBet share. That values the company at AU$402m (US$261m).<\/p>\n\n\n\n

The board also cited material shortcomings in Betr\u2019s bid, including exaggerated synergy projections and difficulties with integration and execution. Betr, which already owns 19.9 per cent of PointsBet, had proposed to acquire the remaining 266 million shares with a mix of cash and stock.<\/p>\n\n\n\n

PointsBet has now entered a bid implementation deed with MIXI<\/strong>. The deal will be subject to a 50.1 per cent minimum acceptance from shareholders and regulatory approval in Ontario, Canada \u2013 PointsBet\u2019s remaining international market after it sold US operations to Fanatics. PointsBet shareholders are to vote on the offer on June 25.<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Queensland gaming revenue rises in May<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

MIXI’s offer values the company at AU$402m (US$261m).<\/p>\n","protected":false},"author":226,"featured_media":777011925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PointsBet's board has unanimously rejected Betr's takeover proposal, citing material shortcomings, and instead recommended an improved AU$402m (US$261m) cash offer from MIXI Australia. The deal, which requires 50.1% shareholder acceptance and regulatory approval in Ontario, Canada, marks a significant strategic move for PointsBet following its US operations sale to Fanatics.","focusai_entities":"MIXI, PointsBet, Betr, MIXI Australia, Fanatics","focusai_location":"Australia, Canada, Ontario, US","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MIXI's Strategic Rationale?","query":"What is MIXI's strategic rationale for acquiring PointsBet's remaining international operations, particularly given its prior divestment of US assets?"},{"label":"Ontario Regulatory Scrutiny?","query":"What specific regulatory compliance hurdles might the Ontario regulator scrutinize in approving MIXI's acquisition of PointsBet's Canadian operations?"}],"footnotes":""},"categories":[16336,157],"tags":[24792],"class_list":["post-777027887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-pointsbet"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777027887"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027887\/revisions"}],"predecessor-version":[{"id":777027904,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027887\/revisions\/777027904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011925"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777027887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777027887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777027887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}