{"id":9499,"date":"2025-07-17T05:31:59","date_gmt":"2025-07-17T05:31:59","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/07\/17\/new-twist-as-betr-rejoins-the-fight-for-pointsbet\/"},"modified":"2025-07-17T05:31:59","modified_gmt":"2025-07-17T05:31:59","slug":"new-twist-as-betr-rejoins-the-fight-for-pointsbet","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/07\/17\/new-twist-as-betr-rejoins-the-fight-for-pointsbet\/","title":{"rendered":"New Twist as Betr Rejoins the Fight for PointsBet"},"content":{"rendered":"<div>\n<p>Betr Entertainment is back in the mix, making another attempt to take over PointsBet, this time with a revised offer that highlights potential cost savings and long-term value. The latest move heats up the ongoing contest with MIXI Australia, whose previous bid narrowly failed to secure enough shareholder support.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Betr\u2019s new offer includes 3.81 shares for each PointsBet share, valued at AU$1.22.<\/strong><\/em><\/li>\n<li><em><strong>Estimated cost synergies could bring the total value to AU$1.89 per share.<\/strong><\/em><\/li>\n<li><em><strong>MIXI\u2019s earlier offer failed after a vote recount showed it did not meet the approval threshold.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>Betr has made a fresh pitch to PointsBet shareholders, offering 3.81 Betr shares for every PointsBet share. Based on Betr\u2019s current share price of $0.32, the deal values each PointsBet share at AU$1.22. That matches its previous offer on paper, which PointsBet rejected earlier, calling it \u201cmaterially\u201d lower than MIXI\u2019s cash offer of AU$1.20 per share.<\/p>\n<p>However, Betr is now stressing the value-add of cost synergies estimated at $44.9 million annually. These savings, if fully realized, could translate into an additional AU$0.67 per share, effectively raising the deal\u2019s value to AU$1.89 per share.<\/p>\n<p>The offer is expected to formally open on 31 July and close by 8 September, though Betr noted it may adjust the offer again and will issue updates as needed. The proposal does not include a minimum acceptance condition but still requires approval from Betr shareholders.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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<h2>Shareholder vote drama, vote recount and more<\/h2>\n<p>The latest development follows a disputed shareholder vote in June, where PointsBet investors were asked to approve MIXI\u2019s offer. Initially, it looked like the bid passed with overwhelming support\u201495.69% voted in favor. But the proxy breakdown told a different story, with just 69.47% backing the deal.<\/p>\n<p>Betr, which owns 19.9% of PointsBet\u2019s voting power, claimed its vote was wrongly excluded. After an internal review uncovered a system error that omitted Betr\u2019s votes, the results were recalculated. The corrected tally showed 70.48% in favor\u2014below the 75% required\u2014so MIXI\u2019s proposal was ultimately rejected.<\/p>\n<p>Not giving up, MIXI countered with a revised all-cash offer that implied the same $402 million enterprise value as before. It offered a 44.6% premium on PointsBet\u2019s share price of $0.83 from late February.<\/p>\n<p>The new proposal, which now includes approval from Canadian regulators in Ontario, needs at least 50.1% shareholder acceptance to move forward. In response, PointsBet\u2019s board has unanimously recommended the MIXI offer.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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 argues that its all-share offer provides longer-term upside for PointsBet investors. The combined entity would become the only ASX-listed pure-play digital wagering company in Australia. According to Betr, that structure could attract more institutional capital and potentially qualify for ASX 300 index inclusion.<\/p>\n<p><em>\u201cThis is just the start of the value creation journey we envisage for Betr and PointsBet shareholders for the combined business,\u201d<\/em> the company said. <em>\u201cPointsBet shareholders can benefit from additional, longer-term value upside and potential re-rating from the Betr management team\u2019s unparalleled record of success.\u201d<\/em><\/p>\n<p>So far, neither MIXI nor PointsBet has publicly commented on Betr\u2019s latest offer.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/new-twist-as-betr-rejoins-the-fight-for-pointsbet\/\">New Twist as Betr Rejoins the Fight for PointsBet<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Betr Entertainment is back in the mix, making another attempt to take over PointsBet, this time with a revised offer that highlights potential cost savings and long-term value. The latest move heats up the ongoing contest with MIXI Australia, whose previous bid narrowly failed to secure enough shareholder support. Good to know Betr\u2019s new offer [&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-9499","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9499","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=9499"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9499\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}