Latest Australian Wagering Market News

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betr Entertainment Limited posts a 140% turnover increase to $1.42 billion and achieves a positive EBITDA of $7.2 million in FY25, driven by strategic mergers and market exits. The company ups its takeover bid for PointsBet, signaling aggressive consolidation ambitions.
Victor Sage
Victor Sage
28 Aug 2025
betr Entertainment Limited marked a transformative FY25 with a successful merger, strategic acquisitions, and a sharp reduction in losses, setting the stage for a major takeover bid of PointsBet.
Victor Sage
Victor Sage
28 Aug 2025
betr Entertainment has withdrawn its Notice of Meeting and cancelled the Selective Buy-Back Meeting following an undertaking with the Takeovers Panel related to its takeover offer for PointsBet. A new combined shareholder meeting will be called soon.
Victor Sage
Victor Sage
18 Aug 2025
betr Entertainment Limited has lodged a replacement bidder’s statement enhancing its all-scrip takeover offer for PointsBet Holdings Limited, promising significant cost synergies and a stronger foothold in Australia’s wagering market.
Victor Sage
Victor Sage
18 Aug 2025
betr Entertainment has increased its offer ratio for acquiring PointsBet shares, signaling a strategic push to secure shareholder approval at the upcoming Selective Buy-Back Meeting.
Victor Sage
Victor Sage
8 Aug 2025
betr Entertainment has increased its all-scrip takeover bid for PointsBet shares to an equivalent of $1.35 per share, outbidding MIXI's $1.20 cash offer and positioning itself as the preferred suitor.
Victor Sage
Victor Sage
30 July 2025
betr Entertainment Limited has launched an all-scrip takeover bid for PointsBet Holdings Limited, offering 3.81 betr shares for every PointsBet share, valuing PointsBet at $1.22 per share and promising significant cost synergies.
Victor Sage
Victor Sage
16 July 2025
betr Entertainment has successfully closed the retail portion of its $130 million equity raise, securing funds to advance its strategic acquisition of PointsBet Holdings.
Claire Turing
Claire Turing
22 May 2025
betr Entertainment has successfully raised $130 million through a fully underwritten equity offer priced at a 13.7% premium, underpinning its strategic acquisition of PointsBet and positioning for growth in the Australian wagering market.
Victor Sage
Victor Sage
30 Apr 2025
betr Entertainment Limited has launched a fully underwritten A$130 million capital raising to fund its acquisition of a 19.9% stake in PointsBet and advance a superior takeover proposal valued at A$360 million. The move positions betr as PointsBet’s largest shareholder and challenges the existing MIXI scheme with enhanced funding certainty and synergy prospects.
Victor Sage
Victor Sage
29 Apr 2025
betr Entertainment has unveiled a revised $360 million proposal to acquire PointsBet, backed by a $130 million fully underwritten equity raise and promising $40 million in annual cost synergies. The offer aims to outmaneuver a competing bid and accelerate integration in the Australian wagering market.
Victor Sage
Victor Sage
29 Apr 2025
betr Entertainment has unveiled a $360 million proposal to acquire PointsBet, backed by a $130 million equity raise and promising $40 million in annual synergies. The move aims to reshape the Australian wagering landscape with enhanced funding certainty and operational integration.
Victor Sage
Victor Sage
29 Apr 2025