PointsBet has approved a takeover bid from MIXI Australia, a subsidiary of Japanese digital entertainment group MIXI Inc., via a scheme arrangement that will transfer 100% of PointsBet’s shares to MIXI Australia. Under the deal, PointsBet shareholders will receive $1.06 per share in cash, representing a 27.7% premium to the closing price on February 25,…
Thailand has announced four potential locations for new “entertainment complexes,” which will feature the country’s first-ever casinos. Earlier this week, Prime Minister Paetongtarn Shinawatra emphasized that the government will not rush the casino legislation, allowing more time for public feedback. However, lawmakers continue to work on the details of the Entertainment Complex Act. On March…
PlayUp’s DraftStars site faced penalties for 33 illegal advertisements that included inducements to gamble frequently and to open betting accounts—both prohibited under New South Wales (NSW) advertising regulations. As a result, PlayUp was fined AU$586,000 (£303,261/€355,331/US$393,485) in the Downing Centre Local Court. Zero tolerance for advertising breaches in NSW Dimitri Argeres, Director of Compliance and…
BetMakers has defended a AU$15 million (£8.3 million/€9.6 million/$10.2 million) payment made to veteran industry executive Matthew Tripp after the Australian Securities Exchange (ASX) questioned whether the payment violated listing rules. In 2021, Tripp entered an agreement with BetMakers to advise the company on its B2B wagering strategy and purchase AU$25 million worth of shares…
BlueBet Holdings will adopt the Betr name and branding for its Australian consumer-facing operations following its merger with the group. The company stated that this unified brand strategy will enhance the combined entity’s presence in the Australian market and unlock new revenue synergies. The rebrand will be gradually introduced over the coming weeks as part…
The turbulent saga of Saipan casino operator Imperial Pacific International (IPI) may finally be approaching its conclusion. IPI has identified a potential buyer for its property, while a creditor is urging the bankruptcy court to consider a second bidder. Imperial Palace Saipan A new potential bidder from the US has emerged, according to Saipan-based Dotts…
