Mixi receives Ontario gaming approval for PointsBet acquisition
The Alcohol and Gaming Commission of Ontario concluded its extensive review and confirmed it has no concerns regarding Mixi's proposed acquisition of PointsBet shares.
Key points:
– Mixi has secured all necessary gaming regulatory approvals for its PointsBet takeover bid
– Ontario’s AGCO and iGaming Ontario confirmed they have no concerns with Mixi’s acquisition
– The offer now depends on satisfying the remaining conditions, including minimum shareholder acceptance
PointsBet Holdings has confirmed that Mixi Australia has cleared a significant regulatory hurdle in its proposed acquisition of PointsBet.
Earlier today, PointsBet announced it had received formal approval from the Alcohol and Gaming Commission of Ontario (AGCO) following an extensive review of Mixi’s suitability.
iGaming Ontario (iGO) has also provided its written confirmation regarding the acquisition.
The Ontario approvals satisfy one of the key conditions of the Takeover Bid Implementation Deed (BID) signed between Mixi and PointsBet on 16 June 2025.
The deal, recommended by PointsBet’s Board, now moves a step closer to completion but remains subject to other conditions, including the requirement that Mixi secures at least 50.1% shareholder acceptance of its offer.
Good to know: Earlier this year, Mixi received similar approval from the Northern Territory Racing and Wagering Commission, which gave the green light on 24 March 2025 for Mixi’s proposed acquisition of PointsBet’s shares
The company’s bid has been the subject of shareholder debate in recent months. In late June, a recount of shareholder votes – with contentious votes from Betr included – initially saw Mixi’s earlier scheme of arrangement fall short of the 75% threshold required for approval.
Despite this setback, Mixi pressed forward with a new off-market, all-cash offer of $1.20 per PointsBet share, valuing the company at approximately $402m.
With the regulatory reviews now complete, PointsBet confirmed that Mixi’s offer is no longer subject to any gaming-related approvals, removing a major obstacle. The deal’s future now depends on shareholders’ response to the new offer.
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