{"id":9532,"date":"2025-07-23T22:34:56","date_gmt":"2025-07-23T22:34:56","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/07\/23\/board-recommends-mixi-offer-after-rejecting-betr-bid\/"},"modified":"2025-07-23T22:34:56","modified_gmt":"2025-07-23T22:34:56","slug":"board-recommends-mixi-offer-after-rejecting-betr-bid","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/07\/23\/board-recommends-mixi-offer-after-rejecting-betr-bid\/","title":{"rendered":"Board Recommends MIXI Offer After Rejecting Betr Bid"},"content":{"rendered":"<div>\n<p>PointsBet has shut down a takeover bid from U.S.-based <a href=\"https:\/\/igaming.org\/casino-news\/new-twist-as-betr-rejoins-the-fight-for-pointsbet\/\">Betr<\/a>, choosing instead to back a deal from Japanese entertainment company <a href=\"https:\/\/igaming.org\/casino-news\/mixi-returns-with-updated-offer-for-pointsbet\/\">MIXI<\/a>. The board made its position clear, saying the offer from Betr did not meet expectations on value, stability, or long-term fit.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>MIXI\u2019s all-cash deal values PointsBet at $402 million and offers $1.20 per share.<\/strong><\/em><\/li>\n<li><em><strong>PointsBet said Betr\u2019s proposal relied too much on unstable VIP earnings.<\/strong><\/em><\/li>\n<li><em><strong>MIXI already has gaming approval in Ontario, while Betr is still waiting.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>MIXI\u2019s proposal comes through its subsidiary, MIXI Australia, and includes a cash payment per share, offering certainty that Betr\u2019s offer could not match. That was a key factor for PointsBet, which cited concerns about the liquidity of Betr\u2019s shares and the risks of relying on them for shareholder value.<\/p>\n<p>On the other hand, Betr\u2019s offer would have swapped 3.81 of its shares for each PointsBet share, claiming a value of AU$1.22 per share based on its stock price. The pitch also included promised synergies of $44.9 million, but PointsBet pushed back on those figures, saying the estimates were <em>\u201cmaterially overstated.\u201d<\/em><\/p>\n<p>Beyond the numbers, PointsBet criticized Betr\u2019s business model. The company said half of Betr\u2019s total win came from just 20 VIP customers. 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Betr relies on it for 85% of its net win, and PointsBet expressed doubts that this left enough room for growth or product diversity.<\/p>\n<p>Timing also played a role. MIXI has already completed the necessary regulatory work in Ontario, while Betr still faces uncertainties in that market. For PointsBet, that lack of clarity was another strike against the American operator.<\/p>\n<p>MIXI\u2019s offer does require at least 50.1% shareholder approval, but the PointsBet board has already made its position clear.<\/p>\n<p><em>\u201cThe PointsBet Directors unanimously recommend that PointsBet shareholders accept the MIXI Takeover Offer, in the absence of a superior proposal,\u201d<\/em> the company said.<\/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\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.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\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/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>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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>At this point, it is up to Betr to decide if it will return with a revised offer. However, MIXI seems to have the advantage, offering not just more stability, but also quicker execution.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/board-recommends-mixi-offer-after-rejecting-betr-bid\/\">Board Recommends MIXI Offer After Rejecting Betr Bid<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PointsBet has shut down a takeover bid from U.S.-based Betr, choosing instead to back a deal from Japanese entertainment company MIXI. The board made its position clear, saying the offer from Betr did not meet expectations on value, stability, or long-term fit. Good to know MIXI\u2019s all-cash deal values PointsBet at $402 million and offers [&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-9532","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\/9532","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=9532"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9532\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}