Australian government gives green light for PointsBet takeover
The Australian government has given the go-ahead for the takeover of Australian sportsbook operator PointsBet by the Japanese entertainment group Mixi.
According to a holding update issued by PointsBet, Mixi will acquire up to 100% of the operator’s shares.
The update explains that the Australian Commonwealth Government is satisfied that the takeover meets the criteria set out in the Foreign Acquisition and Takeovers Act 1975. However, as PointsBet also has a presence in Ontario, the takeover will still to be approved by that province’s gambling regulator, the Alcohol and Gaming Commission of Ontario and iGaming Ontario.
Mixi’s offer is worth AU$402 million (US$260 million)1 AUD = 0.6464 USD
2025-06-13Powered by CMG CurrenShift; however, another local operator, Betr Entertainment, is looking to get involved. It had previously participated in the bidding, withits latest offer being AU$360 million (US$233 million)1 AUD = 0.6464 USD
2025-06-13Powered by CMG CurrenShift. It also bought almost 20% of PointsBet shares, which could lead to Betr blocking the deal or submitting an improved bid.
PointsBet recently received an AU$500,000 (US$323,000)1 AUD = 0.6464 USD
2025-06-13Powered by CMG CurrenShift fine for breaching spam and self-exclusion laws in Australia. The Australian Communications and Media Authority found that more than 800 marketing messages sent by the company violated the law.
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