Published on: August 21, 2025, 08:52h.

Updated on: August 21, 2025, 08:54h.

• MIXI Australia boosts PointsBet acquisition offer to AU $1.30 per share
• New price hinges on securing 90% of the total shares
• What lies ahead for MIXI regarding PointsBet Canada?

The financial tug-of-war between Betr Entertainment Ltd. and MIXI for ownership of PointsBet seems to be approaching a conclusion.

Updated Cash Offer of AU $1.30 (USD $0.84) Per Share

Today, MIXI Australia revealed an increased all-cash offer of AU $1.30 (USD $0.84) for each PointsBet share. Shareholders are urged to respond within a limited timeframe.

“The offer from MIXI Australia will be valid until August 29 and will not be extended again,” the company confirmed.

This most recent proposal is claimed to be MIXI’s “final offer.” Last week, the company revised its bid to AU $1.25 (USD $0.81) per share.

MIXI Enhances Shareholding in PointsBet

Betr’s present proposition is an all-share bid, offering 4.219 Betr shares for each PointsBet share, equivalent to AU $1.35 (USD $0.87) per share. Betr asserts that their proposal has superior value compared to MIXI’s cash offer, pointing to significant synergy potential from unifying their operations.

The enhanced offer price applies if MIXI Australia secures 90% or more of PointsBet shares; otherwise, it will remain at AU $1.25 per share if they acquire less than that threshold.

As per a recent PointsBet statement, MIXI Australia has increased its ownership to 36.71% of PointsBet shares, aiming for 50.1% control, indicating that we are nearing a resolution. The PointsBet board has suggested shareholders accept the MIXI acquisition proposal, advising them to refrain from any actions regarding the Betr offer.

Developments in Canada

Betr currently possesses 19.9% of PointsBet shares. According to the latest MIXI announcement, should Betr decline the new AU $1.30 offer, the acquisition price would revert to AU $1.25, as the 90% ownership goal would remain unmet.

This scenario has significant implications for the Canadian segment, as highlighted by Casino.org.

The Betr all-share proposal includes the divestment of PointsBet’s Canadian operations to Hard Rock Digital.

As Betr’s management noted last April: “We have received a non-binding proposal from Seminole Hard Rock Digital, LLC to acquire certain assets related to PointsBet’s Canadian operations, subject to various conditions.” If this materializes, Hard Rock would compensate Betr USD $29.6 million for PointsBet Canada, maintaining focus solely on the Australian market.

The provincial regulator, the Alcohol and Gaming Commission of Ontario, along with iGaming Ontario, which oversees the igaming sector in the province, has already endorsed MIXI’s acquisition proposal for PointsBet after evaluating the company’s suitability to take on PointsBet’s Canadian ventures.

Reports suggest that MIXI intends to retain the Canadian operations, but Casino.org is yet to receive direct confirmation from MIXI on this matter.