PointsBet Holdings has confirmed that Mixi Australia’s proposed takeover of the company has cleared a significant regulatory barrier in Canada.
In a recent announcement, PointsBet stated it had received formal approval from the Alcohol and Gaming Commission of Ontario (AGCO) following an extensive review of Mixi’s suitability.
In addition to the AGCO’s decision, iGaming Ontario (iGO) has also provided its written confirmation regarding the takeover.
These approvals from the key Ontario gaming authorities satisfy one of the most critical conditions outlined in the Takeover Bid Implementation Deed (BID) that was signed by the two companies on June 16, 2025. With this hurdle cleared, the deal is no longer subject to any gaming-related regulatory conditions.
The path to completion, however, still depends on shareholder approval. The deal, which has been recommended by the PointsBet Board, requires that Mixi secure acceptance from shareholders representing at least 50.1% of the company’s shares.
This development follows a period of debate and a prior setback for the acquisition. In late June, an earlier attempt by Mixi to acquire PointsBet through a scheme of arrangement fell short of the necessary 75% shareholder approval threshold after a contentious vote.
Following that result, Mixi initiated a new off-market, all-cash offer of $1.20 per share, a bid that values PointsBet at approximately $402 million.
With the regulatory reviews in both Ontario and Australia’s Northern Territory now complete, the fate of the acquisition rests entirely on the response of PointsBet shareholders to this revised offer.
