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…
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…
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, 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…
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…
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…
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…
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…
MELBOURNE: PointsBet Holdings Limited announced that its wholly owned subsidiary, PointsBet Illinois, LLC has been issued a Temporary Operating Permit by the Illinois Gaming Board (IGB). This approval allows PointsBet to commence retail and online sports betting operations in Illinois, subject to the Company’s partner, Hawthorne Race Course Inc. (HRC), receiving a Master Sports Wagering…
SYDNEY, AUSTRALIA: The Board of BetMakers Technology Group Limited announced that the Company’s wholly owned subsidiary, BetMakers DNA Pty Ltd has signed an agreement with PointsBet New Jersey Inc., a subsidiary of PointsBet Holdings Ltd to begin Fixed Odds betting on horse racing in the New Jersey market. This deal follows the announcement on 10…
MELBOURNE: PointsBet Holdings’ subsidiary PointsBet USA Inc., has entered into a new multi-year deal to become a gaming partner of the Detroit Tigers Major League Baseball (MLB) team. Following Michigan’s legalization of sports betting in 2019, the partnership stands as the first sports betting partnership for a professional sports team within Michigan and is also…
MELBOURNE: PointsBet Holdings Limited’s wholly owned subsidiary, PointsBet Indiana has received a Mobile Sports Wagering Launch Authorisation from the Indiana Gaming Commission (IGC) and has launched operations in the State of Indiana. This represents the Company’s third digital sportsbook operation in the United States and the first under the partnership with Penn National Gaming announced…