{"id":9330,"date":"2025-06-23T07:34:25","date_gmt":"2025-06-23T07:34:25","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/06\/23\/betr-returns-with-fresh-bid-offering-shares-for-pointsbet\/"},"modified":"2025-06-23T07:34:25","modified_gmt":"2025-06-23T07:34:25","slug":"betr-returns-with-fresh-bid-offering-shares-for-pointsbet","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/06\/23\/betr-returns-with-fresh-bid-offering-shares-for-pointsbet\/","title":{"rendered":"Betr Returns With Fresh Bid Offering Shares for PointsBet"},"content":{"rendered":"<div>\n<p>Betr is trying once again to buy PointsBet, throwing in a revised offer that swaps shares instead of paying cash. While MIXI\u2019s bid has already <a href=\"https:\/\/igaming.org\/casino-news\/pointsbet-picks-mixi-over-betr-after-reviewing-offers\/\">won<\/a> PointsBet\u2019s support, Betr is hoping a more flexible deal will change the game.<\/p>\n<hr>\n<p><strong><em>Good to know<\/em><\/strong><\/p>\n<ul>\n<li><strong><em>Betr\u2019s new offer gives PointsBet shareholders the option to take shares or cash.<\/em><\/strong><\/li>\n<li><strong><em>MIXI\u2019s offer remains higher on paper, at $1.20 per share.<\/em><\/strong><\/li>\n<li><strong><em>Betr only needs approval from its own investors and the Australian Competition and Consumer Commission.<\/em><\/strong><\/li>\n<\/ul>\n<hr>\n<p>Betr Entertainment has stepped back into the spotlight with a fresh bid to acquire PointsBet. This time, it is offering 3.81 shares of Betr stock for every PointsBet share, which it values at AU$1.22 based on a $0.32 share price for Betr.<\/p>\n<p>Unlike its previous AU$360 million proposal, this new offer includes an optional buyback that lets PointsBet shareholders walk away with cash\u2014up to $1.22 per share\u2014if they choose to sell back their new Betr stock. That buyback will start at $80 million, with the possibility of increasing to $200 million if Betr ends up securing at least 90% of PointsBet\u2019s shares.<\/p>\n<p>To make the offer more viable, Betr has already completed a $130 million capital raise. The company also clarified that its offer does not hinge on a minimum number of acceptances. 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Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>MIXI, meanwhile, has already secured the PointsBet board\u2019s recommendation after sweetening its earlier offer. In February, it had offered $1.06 per share. That offer has since been increased to $1.20 per share in cash\u2014valuing PointsBet at $402 million.<\/p>\n<p>In response to Betr\u2019s new bid, PointsBet issued a brief statement, saying the implied value based on current prices was just $1.086 per share\u2014well below MIXI\u2019s cash offer. The board has made no further comment at this stage.<\/p>\n<p>Betr, however, believes the value goes beyond numbers. Chairman Matt Tripp said the offer creates a chance to merge two strong operators in the Australian betting space. He described the proposal as a way to offer either immediate cash or long-term upside.<\/p>\n<p><em>\u201cThis is a compelling opportunity to consolidate in the Australian wagering sector,\u201d<\/em> Tripp said. <em>\u201cOur offer provides PointsBet shareholders with flexibility, either cash for immediate liquidity or the ability to participate on the long-term upside of the combined entity. 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Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Betr also said that if it completes a full acquisition, the combined company could see more than $40 million in synergies.<\/p>\n<p>For now, PointsBet shareholders will weigh two paths: an all-cash deal backed by MIXI or a share-based proposal with added flexibility and upside\u2014at least according to Betr.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/betr-returns-with-fresh-bid-offering-shares-for-pointsbet\/\">Betr Returns With Fresh Bid Offering Shares for PointsBet<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Betr is trying once again to buy PointsBet, throwing in a revised offer that swaps shares instead of paying cash. While MIXI\u2019s bid has already won PointsBet\u2019s support, Betr is hoping a more flexible deal will change the game. Good to know Betr\u2019s new offer gives PointsBet shareholders the option to take shares or cash. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9330","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9330"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9330\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}