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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that the regulator’s proposed solution to its acquisition of Sporting Index’s consumer-focused business is based on outdated assumptions, ignoring the realities of a struggling market where many operators run on razor-thin margins.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 […]
Business
July 21, 2025
Pavilion Payments Expands Capabilities via CasinoSoft Acquisition
Pavilion Payments completed the acquisition of casino compliance software specialist CasinoSoft. This move aims to enhance operational efficiency across the gaming industry’s most complex areas, such as AML compliance, jackpot processing, and tax reporting. This development should also enable Pavilion Payments to retain its momentum and secure additional strategic partnerships. Evolving Challenges Require Innovative Solutions […]
Business
July 21, 2025
Allwyn Acquires Stoiximan, Divests Assets in Australia and Germany
Lottery and casino powerhouse Allwyn has completed its acquisition of Stoiximan by acquiring the remaining shares in the company. At approximately the same time, the company divested casino assets in Australia and Germany, furthering its online focus. The Company Set Out to Acquire the Remainder of Stoiximan According to Allwyn’s official announcement, Stoiximan, which is […]
Business
July 18, 2025
MIXI Submits All-Cash Offer as the Duel for PointsBet Continues
MIXI Australia has formally submitted its latest takeover offer for PointsBet, once again challenging rival Betr. This comes shortly after the latter company updated its own offer for PointsBet. MIXI Submits an All-Cash Offer MIXI, which previously failed to secure sufficient shareholder backing for its acquisition of PointsBet, has now returned with a new offer. […]
Business
July 16, 2025
Betr Rejoins the Fight for PointsBet with a New Proposal
Betr has once again submitted a proposal for the acquisition of PointsBet despite the latter company’s apparent contentment with the MIXI proposal. This time, Betr has put AUD 1.89 per PointsBet share on the table. Betr Resumes the Negotiations Betr has resumed the negotiations with a new all-share takeover proposal, offering AUD 1.89 per […]
Business
July 15, 2025
DraftKings Eyeing Prediction Market Platform Railbird
DraftKings has been trying to get skin in the prediction market game for a long while now. The company has attempted to launch a proprietary platform, DraftKings Predict, which registered with the National Futures Association (NFA), but there has been little to expand on this after the fact, not least because the company’s registration with […]
