The Japanese firm has passed the 50 per cent ownership mark.
Australia.- Mixi has gained majority control of PointsBet Holdings, with its voting power now exceeding 50 per cent. The milestone automatically extends the company’s AU$1.25 (US$ 0.81) per share all-cash offer until 12 September, under Australian corporate law.
The development strengthens Mixi’s position against rival bidder Betr Entertainment, which has been unable to convince PointsBet on its own proposal. Mixi has argued that Betr’s proposal could reduce shareholder value.
Meanwhile, PointsBet reported record financial results. Full-year net revenue rose 6 per cent year-on-year to AU$261.4m (US$ 170m), while normalised EBITDA turned positive for the first time at AU$11.2m (US$7.3m), compared with a AU$1.8m (US$1.1m) loss the previous year. Gross profit climbed 6 per cent to AU$137m (US$89m).
The operator highlighted strong growth in its igaming business, with revenue up 39 per cent to AU$26m (US$16.9m), alongside a 4 per cent rise in sports betting revenue to AU$257.6m (US$168m). Active cash clients reached a record 295,800.
The Japanese firm has passed the 50 per cent ownership mark. Australia.- Mixi has gained majority control of PointsBet Holdings, with its voting power now exceeding 50 per cent. The…
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