Japanese conglomerate MIXI has received approval from the Alcohol and Gaming Commission of Ontario (ACGO) for its latest takeover bid for PointsBet, as the acquisition the online bookmaker and casino edges closer to a conclusion.
MIXI and Australian bookmaker Betr, which is also the parent company of BlueBet, have been locked in an ongoing battle over the purchase of PointsBet, with both companies submitting competing bids since February 2025.
The board of Ontario- and Australia-licensed PointsBet has backed MIXI’s offers throughout the process, first at the end of February with its A$353m bid and then again at the start of June with an improved offer of A$402m.
Following the PointsBet board voting in favour of MIXI’s second bid at a shareholder meeting on 25 June, MIXI’s bid has now received approval from the AGCO, having already received approval from the Northern Racing and Wagering Commission on 24 March 2025 and iGaming Ontario.
In a statement, PointsBet confirmed the AGCO’s satisfaction with MIXI’s revised bid and added that it was “no longer subject to gaming regulatory approval”.
The release read: “PointsBet advises that – following an intensive and extended review by the Alcohol and Gaming Commission of Ontario into the suitability of MIXI – MIXI has received written confirmation that AGCO has no concerns with the proposed acquisition by MIXI of the shares in PointsBet Holdings Limited.
“PointsBet has also received written confirmation from iGaming Ontario in relation to MIXI’s proposed acquisition of shares in PointsBet.”
The statement went on to say that the takeover was subject to other conditions, including a “50.1% minimum acceptance of the proposed MIXI offer” from the PointsBet board.
The shareholder vote held on 25 June ended with the board voting 95% in favour of MIXI’s bid over Betr’s offer.
However, Betr demanded an immediate recount of the votes after claiming its votes had not been included, with PointsBet later citing a system error on the part of third-party platform Computershare incorrectly excluding Betr’s vote from the final tally.
This led to MIXI submitting an off-market takeover bid of A$402m on 26 June – the same as its previous bid at the start of the month – which had been included in its contingency plan should PointsBet shareholders not accept its initial bid.
The post MIXI’s PointsBet takeover bid receives ACGO approval amid shareholder vote error first appeared on EGR Intel.
Alcohol and Gaming Commission of Ontario says it has “no concerns” with Japanese conglomerate’s offer for Ontario-licensed operator
The post MIXI’s PointsBet takeover bid receives ACGO approval amid shareholder vote error first appeared on EGR Intel.