Betr presents higher PointsBet bid despite earlier rejection
Australian betting operator Betr Entertainment has put forward another bid to acquire rival PointsBet Holdings, claiming that the new offer surpasses the current proposal from Japanese entertainment group MIXI.
In its latest offer, Betr is proposing 4.219 of its own shares for each PointsBet share it doesn’t already own. Based on Betr’s recent capital raising price of AU$0.32 (US$0)1 AUD = 0.6429 USD
2025-07-31Powered by CMG CurrenShift per share, the offer values PointsBet at AU$1.35 (US$1)1 AUD = 0.6429 USD
2025-07-31Powered by CMG CurrenShift per share, which is significantly higher than MIXI’s offer.
Betr said the valuation also reflects a price of AU$1.33 (US$1)1 AUD = 0.6429 USD
2025-07-31Powered by CMG CurrenShift per PointsBet share based on its two-day volume-weighted average share price. The company added that it plans to increase the offer again after the formal offer period is opened.
Betr said in its statement, “[We] continue to firmly believe in the combination rationale and that we can create material value for PointsBet and Betr shareholders by integrating these two businesses, allowing us to profitably grow our share of the Australian wagering market.”
Betr also asked PointsBet shareholders to hold off on any decision until both offers are officially open and called on the PointsBet board to reconsider its current recommendation in favour of MIXI.
Last week, PointsBet rejected another offer from Betr, telling the Australian Stock Exchange that Betr had a “less valuable and volatile VIP heavy customer base” compared to MIXI.
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Charlotte Capewell brings her passion for storytelling and expertise in writing, researching, and the gambling industry to every article she writes. Her specialties include the US gambling industry, regulator legislation, igaming, and more.
