Business
August 8, 2025
MIXI Australia Raises the Stakes with a Higher Bid for PointsBet
MIXI Australia has once again revised its takeover offer for PointsBet amid continued challenges from competitor Betr Entertainment. MIXI, which raised its bid once again, described its latest price as “best and final.” MIXI Has Been Eyeing PointsBet for a While MIXI Australia, which is the Australian arm of Japanese tech giant MIXI, has been […]
Business
August 8, 2025
New South Wales Greenlights On Nut Road’s Acquisition of Donaco
New South Wales has greenlit On Nut Road Limited’s acquisition of Donaco International, securing the final approval needed to close the deal. As a result, the latter company will delist from the Australian Stock Exchange on August 8. On Nut Road to Acquire Donaco On Nut Road, a Hong Kong-based, Argyle-backed special purpose vehicle, set […]
Business
August 7, 2025
Light & Wonder Drops Nasdaq, Eyes Sole Australia Listing
The global gaming tech giant that creates “content, hardware and systems that connect iconic titles across any place or channel”, Light & Wonder, is preparing for a major shift in its market strategy. The Las Vegas-headquartered company has expressed its intention to pull out its stock from the Nasdaq Stock Exchange and focus exclusively on […]
Business
August 5, 2025
Betr’s PointsBet Takeover Secures Shareholder Backing, Regulatory Approvals
Betr Entertainment is not ready to give up on its ambition to acquire PointsBet, despite the latter company’s apparent preference for MIXI’s takeover proposal. The two suitors have been locking horns over the Australian company for several months, with both raising the stakes several times. Canada Greenlights Betr’s Takeover Betr Entertainment’s latest proposal confirmed that […]
Business
August 1, 2025
The Star Entertainment’s Shares Plummet as DBC Sale Fails
The Star Entertainment Group announced that the planned sale of its interest in the Destination Brisbane Consortium (DBC) has fallen through, with its joint venture partners refusing to further extend the heads of agreement deadline. This major setback has caused the company’s stock to take a major dip. The Star Sought to Sell Its DBC […]
Sports
July 31, 2025
Betfair Subject to Stiff Penalty in Australia, Fined $563K
The Australian Communication and Media Authority (ACMA) has issued one of its largest fines on record against an established company in the local market. The case concerns Betfair, an authorized and regulated sports betting platform. ACMA Takes Serious Issue with VIP Promotional Offenses According to ACMA, the company sent unsolicited promotional messages – untargeted advertisements […]
Business
July 30, 2025
Takeovers Panel Restrains Betr’s Latest Bid for PointsBet
As MIXI and Betr continue to court PointsBet, the Australian Takeovers Panel has intervened to halt Betr’s latest proposal. Despite the latter company’s recent decision to increase its bid, the panel argued that there were certain disclosure issues. Betr Has Been Hellbent on Acquiring PointsBet Betr has sought to acquire PointsBet, which operates sports betting […]
Business
July 30, 2025
Sydney Bowling Club Prevents Bally’s Corp to Trademark Name in Australia
The Balgowlah Bowling Club, fondly referred to as “The Bally” by its local community on Sydney’s northern beaches, has effectively prevented US casino giant Bally’s from trademarking its name in connection with the potential acquisition of Star Entertainment Group. Sidney Bowling Club Blocks Bally’s Trademark Bid in Australia Balgowlah Bowling Club, situated on Sydney’s north […]
Business
July 30, 2025
Star Entertainment’s Q4 Shows Continued Softness Despite Bally’s Help
The Star Entertainment Group Limited has published its unaudited quarterly report for the three-month period ended June 30, 2025 (Q4). The results highlighted continued financial struggles amid Bally’s investment. The Company’s Q4 Was Soft, if Stable In the fourth quarter of the fiscal year, The Star reported revenue of AUD 270 million ($175 million), which […]
Casino
July 29, 2025
NICC Wary of Bally’s Takeover Bid for Star Casino
Australia’s troubled casino operator Star Entertainment Group is once again under scrutiny as U.S.-based Bally’s Corporation moves ahead with its plan to take control of the company. While shareholders have approved a much-needed AU$300 million (US$195 million) lifeline from Bally’s and Bruce Mathieson’s Investment Holdings, the deal is now facing a regulatory roadblock. Bally’s to […]
