PointsBet Holdings has confirmed that Mixi Australia cleared a crucial regulatory hurdle in its bid to acquire PointsBet.
Earlier today, PointsBet announced that the Alcohol and Gaming Commission of Ontario (AGCO) formally approved Mixi’s suitability after a thorough review. Additionally, iGaming Ontario (iGO) provided written confirmation supporting the acquisition.
These approvals fulfill one of the key conditions outlined in the Takeover Bid Implementation Deed (BID) signed by Mixi and PointsBet on 16 June 2025. As a result, the deal edges closer to completion. However, it still depends on other requirements, including Mixi securing at least 50.1% shareholder acceptance for its offer.
Earlier this year, Mixi also earned approval from the Northern Territory Racing and Wagering Commission, which granted the go-ahead on 24 March 2025 for Mixi’s proposed acquisition of PointsBet’s shares.
The takeover bid has sparked debate among shareholders in recent months. In late June, a recount of shareholder votes—including disputed votes from Betr—caused Mixi’s earlier scheme of arrangement to fall short of the 75% approval threshold.
Despite that setback, Mixi pushed forward with a new off-market, all-cash offer of $1.20 per PointsBet share, valuing the company at roughly $402 million.
Now that regulators have signed off, PointsBet confirmed that Mixi’s offer no longer faces any gaming-related approval obstacles. The next phase will hinge on how shareholders respond to the new proposal.
