AGCO approves Mixi takeover bid for PointsBet shares
The merger acquisition has already received approval from the Northern Territory Racing and Wagering Commission.
Key Points
- The deal was also approved by iGaming Ontario
- At this stage, no other regulatory approvals are needed
The Alcohol and Gaming Commission of Ontario (AGCO) has conducted a review into Mixi Australia Pty Ltd’s suitability and has found “no concerns with the proposed acquisition by Mixi of the shares in PointsBet Holdings Limited.”
The review followed a request for “mutual due diligence” to determine if the acquisition would be possible. Both Betr and Mixi had expressed interest in the acquisition, which led to the regulatory review.
The deal has already been approved by the Northern Territory Racing and Wagering Commission, which provided its authorization in March for Mixi to acquire PointsBet.
In addition to the AGCO’s findings, iGaming Ontario has sent PointsBet written confirmation “in relation to Mixi’s proposed acquisition of shares in PointsBet.”
PointsBet said conditions for a takeover bid have been satisfied, relating to Ontario approvals in paragraph 4.5 of Schedule 1 of the Bid Implementation Deed dated June 16, 2025.”
The company said in a statement, “PointsBet is pleased to confirm that Mixi’s proposed Takeover Bid is no longer subject to any gaming regulatory approvals.”
However, the bid remains subject to “the satisfaction of certain other limited conditions as previously announced, including a 50.1% minimum acceptance of the proposed Mixi Offer (as defined in the bid),” the company added.
The Board of Directors will continue to release transactions developments as they progress.
Pointsbet has operations in Canada and in Australia but recently withdrew its operations from the US. The company serves as a corporate bookmaker and has developed a cloud-based wagering platform.
Pointsbet offers its players access to sports wagering, iGaming and racing products.
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