MIXI Again Improves Offer for Control of PointsBet

Posted on: August 21, 2025, 08:52h. 

Last updated on: August 21, 2025, 10:09h.

Mark Keast Read More
Expertise: Canadian Gaming, iGaming, Las Vegas, Sports Betting, NFL, Boxing, UFC.
  • MIXI Australia increased its takeover bid for PointsBet to AU$1.30 per share
  • New price dependent on company securing 90% of shares
  • What does MIXI do with PointsBet Canada?

The back-and-forth battle between Betr Entertainment Ltd. and MIXI for control of Australian gaming group PointsBet appears to be coming to an end.

MIXI Australia has upped its offer to acquire PointsBet. MIXI is fighting with Betr Entertainment for control of the company. (Image: PointsBet)

On Thursday, MIXI Australia announced it has increased its all-cash offer to AU$1.30 (USD$0.84) per PointsBet share. Shareholders only have a few days to accept the offer.

MIXI Australia’s offer will be extended until August 29 and will not be further extended,” the company stated.

Thursday’s offer was MIXI’s latest “last and final.” Last week, MIXI announced it had increased its PointsBet offer to AU$1.25 ($0.81US) per share.

MIXI Increases Stake in PointsBet

Betr’s current proposal is an all-share offer of 4.219 Betr shares for each Pointsbet share, equating to AU$1.35 (USD$0.87) per share. Betr has said the offer outperforms MIXI’s all-cash proposal, citing significant synergy upside for merging operations.

The increased offer price applies if MIXI Australia acquires 90% or more PointsBet shares and stays at AU$1.25 per PointsBet share if the company acquires less than 90%.

MIXI Australia has updated its stake to 36.71% of PointsBet shares, according to a PointsBet statement. MIXI is working to get to 50.1% control. The PointsBet board has recommended that PointsBet shareholders accept the MIXI takeover offer, urging shareholders to take no action on the Betr offer.

Canadian Sell Off

Betr currently holds 19.9% of PointsBet shares. Based on Thursday’s MIXI statement, if Betr doesn’t back the latest AU$1.30 MIXI bid, the takeover price would go back to AU$1.25, since the 90% mark wouldn’t have been achieved.

There are big implications to PointsBet’s Canadian operations in all this, as Casino.org has previously detailed. Part of the Betr all-share deal involves selling PointsBet’s Canadian operations off to Hard Rock Digital.

Betr management said last April that they received a nonbinding proposal from Seminole Hard Rock Digital, LLC to acquire certain assets that relate to PointsBet’s Canadian operations. Hard Rock would pay Betr US$29.6 million for PointsBet Canada if the deal were to go through, and just focus on the Australian market.

The provincial regulator, the Alcohol and Gaming Commission of Ontario, as well as iGaming Ontario, which conducts and manages the iGaming industry in the province, blessed the MIXI takeover bid for PointsBet after reviewing the suitability of the company to take over PointsBet’s Canadian operations.

There’s been reporting that MIXI has no intention to sell off the Canadian operation, but Casino.org has yet to be able to get direct confirmation of that from MIXI.