MIXI Increases its Offer for PointsBet, Calls it ‘Best and Final’

Posted on: August 11, 2025, 11:32h. 

Last updated on: August 11, 2025, 11:47h.

Mark Keast Read More
Expertise: Canadian Gaming, iGaming, Las Vegas, Sports Betting, NFL, Boxing, UFC.
  • MIXI ups PointsBet takeover all-cash offer to AU$1.25 per share
  • Betr announces Ontario regulatory approvals for its takeover bid

MIXI Australia has again increased its all-cash takeover offer for the Australian gaming group PointsBet, to AU$1.25 ($0.81US), calling the unconditional offer price “best and final,” all with Canadian implications.

A screenshot from PointsBet’s January 2025 quarterly report. MIXI Australia has presented PointsBet with its “best and final” offer to acquire the company. (Image: PointsBet)

Shareholders rejected MIXI’s offer of AU$1.20 per share in June. 

As Casino.org has reported, the Japanese tech company’s Australian division has been in a takeover tug and war with Betr Entertainment Ltd., the Australian iGaming operator, which holds 19.6% of all PointsBet shares. MIXI currently owns 28% of PointsBet shares.

Best and Final Bid

Part of Betr’s takeover proposal involves selling off Australian-based PointsBet’s Canadian operations to Hard Rock Digital, which would pay Betr US$29.6 million.

A Betr news release on April 29 confirmed the offer, saying, “We have received a non-binding proposal from Seminole Hard Rock Digital, LLC to acquire certain assets which relate to PointsBet’s Canadian operations, subject to various conditions precedent.”

Last week, Betr announced “overwhelming shareholder support” for the Selective Buy Back Resolution will be voted on at Betr’s upcoming shareholder meeting on August 25. The selective buy-back will be open to all eligible PointsBet shareholders who accept Betr’s offer.

AGCO Approval

Betr Chairman Matthew Tripp said last week that the “early and decisive support for the Selective Buy-Back Resolution from more than 75% of the Betr register will instill further confidence in PointsBet Shareholders that the Selective Buy-Back will proceed as announced.”

The company also stated last week that the Ontario regulator, the Alcohol and Gaming Commission of Ontario (AGCO), and iGaming Ontario, which manages the regulated market, have approved Betr’s takeover bid, so no further regulatory approval is required.

PointsBet Management Approves Latest MIXI Bid

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

MIXI said in a statement on Friday that the new offer is free of all conditions, including waiving the 50.1% minimum acceptance condition. MIXI will “use its best endeavours” to pay PointsBet shareholders who accept the offer by August 29 or within 10 business days of acceptance.

PointsBet management continues to endorse MIXI’s offer.