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betr Raises A$130m to Back Superior PointsBet Bid, Secures 19.9% Stake
5:58am on Monday 2nd of June, 2025 AEST
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Gambling & Betting
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betr Raises A$130m to Back Superior PointsBet Bid, Secures 19.9% Stake
5:58am on Monday 2nd of June, 2025 AEST
Key Points
Fully underwritten A$130 million capital raising via placement and entitlement offer
betr acquires 19.9% stake in PointsBet, becoming largest shareholder
Revised A$360 million superior acquisition proposal combining cash and scrip
Secured $120 million debt facility from NAB and non-binding A$45 million sale proposal for PointsBet Canada assets
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