SYDNEY: Bett Entertainment Limited (ASX:BBT) announced a revised proposal Tuesday to acquire 100% of PointsBet Holdings Limited in a deal valued at $360 million, offering a mix of cash and shares. The move aims to create a stronger competitor in Australia’s wagering market. The proposal includes $260 million in cash and $100 million in Bett…
Search Results for: PointsBet
PointsBet agrees to $353 million acquisition by MIXI
MELBOURNE: PointsBet Holdings Limited, an Australian corporate bookmaker, has entered into a binding agreement to be acquired by Japanese consumer technology company MIXI, Inc. in a deal valued at approximately $353 million. The acquisition, announced on Feb. 26, 2025, will see MIXI Australia Pty Ltd, a wholly owned subsidiary of MIXI, acquire 100% of PointsBet’s…
BlueBet Holdings offers to acquire PointsBet for upto $360 million
SYDNEY: BlueBet Holdings Limited (ASX: BBT) has made an offer to acquire PointsBet Holdings Limited in a deal valued at between $340 million and $360 million, the company announced Wednesday. The proposed acquisition, presented through a non-binding indicative offer dated Feb. 18, 2025, involves a cash pool of $240 million to $260 million and scrip…
Fanatics ups its bid for PointsBet’s U.S. business to $225 million
Fanatics, the sports platform company, has made a higher offer to acquire the U.S. business of PointsBet, an Australian online sports betting operator, in a bid to beat its rival DraftKings. Fanatics has increased its offer by 50% to $225 million, after DraftKings made a non-binding offer of $195 million earlier this month. PointsBet shareholders…
Fanatics to acquire PointsBet in $150 million deal
SYDNEY, AUSTRALIA: Fanatics, a sports platform company, has agreed to acquire PointsBet, a sports betting company, in a deal worth $150 million in cash. The acquisition will give Fanatics access to PointsBet’s U.S. operations, which include licenses in 15 states. Fanatics is a privately held company with a valuation of $31 billion. The company has…
PointsBet launches in Louisiana, as regulatory approval received
Melbourne, Australia: PointsBet Holdings Limited (ASX:PBH) announced that its wholly owned subsidiary, PointsBet Louisiana has received launch authorisation from the LouisianaGaming Control Board and has taken its first bet in the State of Louisiana. The launch in Louisiana marks the 4th state launch under the partnership with Penn National Gaming announced on 1 August 2019…
PointsBet launches iGaming in New Jersey
MELBOURNE, AUSTRALIA: PointsBet New Jersey LLC has been authorised by the New Jersey Department of Gaming Enforcement (NJDGE) to commence iGaming operations and has launched its proprietary iGaming platform in that state. The launch of iGaming operations in New Jersey follows PointsBet’s inaugural iGaming launch in Michigan on 5 May 2021. iGaming revenues in the…
PointsBet launches iGaming in Michigan
MELBOURNE: PointsBet Holdings Limited announced that its wholly owned subsidiary PointsBet Michigan LLC has been authorised by the Michigan Gaming Control Board (MGCB) to commence iGaming operations and has launched its’ proprietary iGaming platform in that state. The launch of PointsBet’s inaugural iGaming operations follows the launch of Sport Wagering in Michigan on 22 January…
PointsBet acquires Banach Technologies
MELBOURNE: PointsBet Holdings Limited has completed the acquisition of Banach Technologies Limited. This acquisition will position PointsBet as a leader of in-play sports wagering in the United States, just as in-play wagering is expected to grow exponentially.Within the next 3 years, in-play wagering is expected to represent c. 75% of all sports wagering activity in…
PointsBet acquires Banach Technology
MELBOURNE: PointsBet Holdings’ Irish subsidiary, Lockspell Limited has entered into a binding share purchase agreement (SPA) to acquire Banach Technology Limited, a news release said. The transaction is subject to customary completion conditions and is expected to close in April 2021. Banach was founded by Rob Reck, Mark Hughes, Alex Zevenbergen and Hadrien Lepretre, all…
PointsBet and National Hockey League sign sports betting & marketing partnership
MELBOURNE: PointsBet Holdings Limited announced a multi-year strategic partnership with the National Hockey League (NHL), naming PointsBet an “Official Sports Betting Partner of the NHL”. “As the sports betting landscape evolves at a rapid pace, we continue to develop unique, strategic alliances within the sports gaming industry,” said Keith Wachtel, NHL Chief Business Officer and…
PointsBet obtains approval to go live with online sports betting in Michigan
MELBOURNE: PointsBet Holdings Limited announced its wholly owned subsidiary PointsBet Michigan LLC has been authorised by the Michigan Gaming Control Board (MGCB) to commence online sport betting operations on Friday, 22 January 2021. Michigan will become the sixth operational US state for PointsBet, following successful launches in New Jersey, Iowa, Indiana, Illinois, and Colorado. The…