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Industry
May 16, 2025
ACMA Penalizes PointsBet for Breaching Spam and Self-Exclusion Laws
The Australian Communications and Media Authority (ACMA) has slammed PointsBet Australia with a fine of over half a million Australian dollars due to violations of the country’s online marketing and gambling self-exclusion laws. PointsBet’s Promotional Emails Violated the Rules Following an investigation into PointsBet’s practices, the ACMA learned that the operator had sent some 800 […]
Business
May 12, 2025
PointsBet Considers Betr’s Takeover Proposal, Eyes Due Diligence
Australian sports betting giant PointsBet has published a new update regarding Betr Entertainment’s recent acquisition proposal. Betr Seeks to Acquire PointsBet Last month, Betr Entertainment revealed a revised proposal to acquire PointsBet, confirming that it is looking to complete its buyout of the latter company. This came shortly after the former company acquired a 19.9% […]
Industry
May 5, 2025
Hard Rock’s Ontario License Fuels Fresh Talk of PointsBet Canada Purchase
Hard Rock Digital is grabbing attention in the Canadian gambling world as talk grows that it might buy PointsBet Canada. A gambling industry insider says the Florida company has applied to get an iGaming license in Ontario. Many see this as laying the groundwork to make a big purchase. Betr Proposes $232M Takeover of PointsBet, […]
Business
April 29, 2025
Betr Puts Forward Proposal to Acquire PointsBet
Sports betting company Betr Entertainment has unveiled a revised takeover proposal for competitor PointsBet. The former company, which just became PointsBet’s largest shareholder, is now seeking to complete its buyout. Betr Challenges MIXI’s Proposal Earlier this week, Betr acquired a 19.9% stake in PointsBet, immediately positioning itself as one of the latter company’s biggest shareholders. […]
Business
April 2, 2025
BlueBet Stays Confident About Buying PointsBet Despite Competing Offer
Australian betting company BlueBet keeps pushing to buy PointsBet even though Japanese firm MIXI wants it too. BlueBet CEO Andrew Menz feels good about their chances, saying talks with PointsBet shareholders have gone well overall. BlueBet Challenges PointsBet’s MIXI Deal, Emphasizes Strength of Its Own Offer The company still wants to make the deal happen […]
Business
February 26, 2025
PointsBet Investors Favor MIXI Over BlueBet’s Takeover Offer
PointsBet’s board has given its unanimous endorsement to an A$353 million (US$222.9 million) all-cash takeover bid from Japanese consumer tech giant MIXI, setting the stage for a potential acquisition amid competing interest from Australian betting firm BlueBet. Attractive Cash Deal The bid expressed by MIXI’s Australian subsidiary included the purchase of 100% of PointsBet’s shares […]
Business
November 11, 2024
PointsBet Quashes Takeover Rumors
A report published a few days ago suggested that an unidentified Asian company is interested in acquiring Australian betting powerhouse PointsBet. The latter company, however, has now come forward to deny the hearsay. The Report Alleged an Asian Company Is Interested in PointsBet The original report was posted on Friday by The Australian. In its […]
Business
August 22, 2024
PointsBet Is Not Concerned About Changes to Ad Regulations
Gambling operator PointsBet is optimistic about its business in Australia despite the country’s mulled gambling ad restrictions. The company is certain that its business is in a position where it would be more or less unaffected by such a change. For context, the country is considering proposals to ban or at least significantly limit gambling […]
Business
May 20, 2024
PointsBet Updates Its FY 2024 EBITDA Guidance
PointsBet Holdings, a corporate ASX-listed bookmaker, has published a new update, drastically improving its EBITDA guidance. The announcement comes amid strong year-to-date trading and increased operational efficiency and productivity, the company announced. As announced by PointsBet, the operator now expects normalized EBITDA loss for the fiscal year to be in the range of AUD 4 […]
Business
April 24, 2024
PointsBet Posts Q3 Results, Expresses Doubt about Further Tax Hikes
Australian iGaming and sports betting operator PointsBet has published its financial results for Q3 FY24, reporting positive trends across the board. In addition to posting favorable results, the company revealed that it is not too concerned about potential tax hikes in Australia. PointsBet’s report outlines a total sports betting handle of AUD 673.4 million ($437.6 […]