PointsBet Board Dismisses Betr Bid, Supports MIXI’s Cash Offer Amid VIP Revenue Worries
Australian sportsbook operator PointsBet has once again declined a takeover proposal from rival Betr, pointing to concerns around the stability and risk profile of Betr’s revenue model. The company instead endorsed a competing acquisition offer from Japanese firm MIXI Australia, citing its all-cash structure as more secure and favorable for shareholders. The offer from Betr, […]
Australian sportsbook operator PointsBet has once again declined a takeover proposal from rival Betr, pointing to concerns around the stability and risk profile of Betr’s revenue model. The company instead endorsed a competing acquisition offer from Japanese firm MIXI Australia, citing its all-cash structure as more secure and favorable for shareholders. The offer from Betr, […]
