PointsBet Board Rejects Betr Takeover Offer, Prefers MIXI Deal

Jessica Trommler
2026-04-30T03:41:11Z

It does not appear that an Australian video [gaming operator](http://gitlab.ndda.fr/edwardpence55/the-bet-naija-promo-code-2026-is-yohaig/-/issues/1) is going to end up in the hands of Betr.

- PointsBet informs shareholders it chooses to take a deal from Japanese digital and entertainment company MIXI - The Australian video gaming company differed with Betr's synergies estimation and "less important" VIP client base - Betr offered 3.81 per share, equivalent to 1 PointsBet share, but there are cash certainty issues

PointsBet's Board unanimously turned down an unsolicited, conditional off-market all-scrip takeover deal from the U.S.[-based fantasy](https://alupas.com/journal-blog) and sports wagering operator due to cash certainty issues and "unsightly" elements of Betr's company.

Instead, the Australian and Canadian sportsbook and online gambling establishment owner of BlueBet announced it prefers a deal made by a Japanese digital and home entertainment business.

"The PointsBet Board has actually identified, with the assistance of external advisors, that the Betr Proposal is materially inferior to the MIXI Takeover Offer," the company stated in a press release.

PointsBet didn't like Betr's characterization of value and indicated a considerably less [monetary offer](https://itexpertbf.com/index.php/2020/06/14/formation/) when calculating volume-weighted average rates over relevant trade prices.

PointsBet was likewise worried about a prospective change in the worth of the scrip deal, due to the of Betr's shares. That might cause a lack of cash certainty if PointsBet shareholders chose to sell shares.

Business concerns

Another significant sticking point for PointsBet is the unpredictability of the result and timing of Ontario gaming approvals, which MIXI has currently finished.

PointsBet took exception to Betr's "less important and unpredictable VIP-heavy consumer base."

PointsBet said 50% of Betr's win is produced from 20 customers. The business detailed a number of "meaningful threats" from this service model, consisting of long-lasting sustainability, regulative and compliance issues, and unforeseeable margins.

PointsBet also doesn't believe [Betr's horse-racing](http://shop.ororo.co.kr/bbs/board.php?bo_table=free&wr_id=3444120) model, which represents 85% of its net win, provides the business enough space for [development](https://www.customizedgolfballmarkers.com/blog/journal-blog).

Better offer?

In a [proposition](http://casinobettingnews.com/colorado-to-join-us-sports-betting-party/468/) made on July 16, Betr provided 3.81 of its shares in exchange for each share of PointsBet, [claiming](https://youtrading.com/ru/vosstanovlenie-obligaczij-i-vakczina-ot-jj-pomogli-rostu-akczij/) a market value of AU$ 1.22 per share, based upon Betr's cost of $0.32.

Betr also consisted of $44.9 million in expected annual cost synergies, which would only be offered if Betr presumes 100% of the company, to reach a prospective PointsBet rate of $1.89 per share. PointsBet doesn't see that as obtainable.

"The worth of the expense synergies determined by Betr has actually been materially overemphasized, having regard to a number of elements," PointsBet stated.

The Japanese business's subsidiary MIXI Australia made an all-cash deal that features a $1.20 price per share and an evaluation of $402 million (US$ 206 million), a $49 million value development over Betr's proposal. MIXI's offer likewise comes with a lower investor approval, [requiring](https://www.chatv9.com/bbs/board.php?bo_table=free&wr_id=4443) 50.1% backing.

What's next?

Betr, which operates a sportsbook in Ohio and Virginia, hasn't reacted to PointsBet's rejection, and it might provide a more pleasing counter-offer to the Australian business.

However, it might not have much time.

"The PointsBet Directors Unanimously suggest that PointsBet investors accept the MIXI Takeover Offer, in the lack of remarkable proposal," the [business](https://tapsatpheast.com/2015/01/18/hello-world-2/) stated.

PointsBet requires 50.1% of backing to complete the handle MIXI. [PointsBet stated](http://topsite.otaku-attitude.net/index.php?a=stats&u=lettiebullard9) it will provide a more detailed target statement on why it's proposing to accept MIXI's offer at a later date.