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Business
August 8, 2025
PlayUp Nears Potential CrossBet Deal Amid Ongoing Turbulence
PlayUp, once a rising name in the Australian wagering market, may be on the verge of a significant shake-up. Industry sources suggest the operator is close to finalizing a deal with CrossBet, another Australian operator, in a move that could take the form of an outright merger or the sale of specific assets. Individuals familiar […]
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 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 4, 2025
Donaco Shareholders Give the Thumbs Up to On Nut Road’s Takeover Offer
Donaco International, a company that operates leisure and entertainment businesses across the Asia Pacific region, has inched closer to becoming a part of On Nut Road as shareholders have approved the latter company’s takeover offer. The Deal Underscores Trust in Donaco’s Long-Term Potential On Nut Road, a Hong Kong-based, Argyle-backed special purpose vehicle, set out […]
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 […]
Industry
July 29, 2025
Spreadex Pushes Back Against CMA over Sporting Index Merger Decision
Spreadex refuses to concede in the ongoing drama involving the UK Competition and Markets Authority (CMA). The company argues that the regulator’s proposed solution to its acquisition of Sporting Index’s consumer-focused business is based on outdated assumptions, ignoring the realities of a struggling market where many operators run on razor-thin margins. A Struggling Market Could […]
Business
July 25, 2025
Apple iSports to Boost Business Via LBC Enterprises Acquisition
Apple iSports, an emerging gaming, entertainment, and technology services provider, announced that it has penned a definitive agreement to acquire LBC Enterprises, an online gaming, betting and payment systems company. The agreement will boost Apple iSports’ business, allowing it to expand its presence in the US. Apple iSports Is Pursuing Growth in the US Based […]
Business
July 24, 2025
PointsBet Directors Reject Betr Deal, Reiterate Support for MIXI Proposal
PointsBet’s leadership has once again rejected Betr’s attempt to acquire the company. The former sportsbook asserted that the MIXI takeover offer represents a better deal and advised its shareholders to approve it. Betr’s Deal Did Not Appeal to PointsBet’s Board In its latest announcement, PointsBet said that Betr’s latest all-scrip takeover offer, which proposes 3.81 […]
Business
July 22, 2025
Polymarket Buys QCEX to Make US Market Comeback
Polymarket is making its long-awaited comeback to the United States, and it’s doing so by playing by the rules this time. The popular blockchain-based prediction market has announced that it has acquired QCEX, a Commodity Futures Trading Commission (CFTC)-regulated exchange and clearinghouse, in a $112 million deal that finally provides the company with a fully […]
