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MIXI Australia Pty Ltd (MIXI) has received the green light from the nation’s regulators to take over PointsBet.
This marks a possible end to the months-long saga that was fiercely contested between MIXI and rival Betr Entertainment (Betr). The former has now come out on top, revealing that they have gained the approval of the Foreign Investment Review Board (FIRB) of Australia to move on PointsBet’s shares.
MIXI secures green light for PointsBet
As we reported, there has been a lengthy tale in the acquisition of PointsBet, with those in the race taking top spot several times. In early 2025, Betr seemed to have the upper hand in the share talks. Still, MIXI became the board of directors’ favourite shortly after PontsBet questioned the valuation of the other gambling operator’s offer.
Both parties are already existing minority shareholders in PointsBet, with Betr holding around 19.6%, compared to MIXI’s 9.15%.
However, MIXI’s initial offer had a lower shareholder acceptance threshold and led to the company, in the form of a pre-agreement, securing 17.18% of shares. These were agreed from holdings of directors and pre-bid agreements from institutional holders.
Betr makes improved offer
This turned the tide in favour of MIXI over Betr, which forced the now out-of-favour company to increase its takeover offer. Betr revealed that its offer would equate to $1.35 per share, as it released a statement discussing the offer in a last gasp attempt to sway stakeholders to change their minds.
“The improved offer is superior to MIXI’s offer of $1.20 cash per PointsBet Share,” said Betr in the financial statement. “Betr continues to firmly believe in the combination rationale and that we can create material value for PointsBet and Betr shareholders by integrating these two businesses, allowing us to profitably grow our share of the Australian wagering market.”
FIRB backs MIXI
MIXI has now revealed that the (FIRB) approval green-lights the company’s PointsBet shares takeover.
“MIXI Australia has today been notified by the Foreign Investment Review Board (FIRB) that the Commonwealth has no objection to the proposed acquisition by MIXI Australia of up to a 100% interest in PointsBet by way of an off-market takeover bid and other related methods as permitted under the Corporations Act 2001 (Cth) (Corporations Act),” read the company statement.
So the saga has come to an end, and now MIXI, failing any objections by PointsBet, will get the keys to the company’s betting kingdom.
Featured Image: MIXI official. 
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As the Star Entertainment group struggles financially, the New South Wales government in Australia has extended a small lifeline. Rather than introduce its $1000 AUD ($650.49) gaming limit on August 19, it will instead postpone it until August 19, 2027. This will maintain the $5000 limit currently in place and act as some relief for the floundering casino.
It came together after Star and Crown Sydney wrote to officials requesting the delay. According to reports, Star needed the delay to refit its machines to match the incoming limitation. With two years on the clock, it can now tend to its 1,500 machines.
At the moment, Star is currently on yet another lifeline. American casino company Bally’s has issued a AUD 300 million ($195,192,000) lifeboat to the Australian operator, in a bid to keep its doors open. This is after an AUD 940 million ($611 million) fell through. In recent weeks, staff have begun to strike as their union pushes for a 6% pay rise.
The Sydney-based casino resort posted a loss of AUD 27 million ($17,567,819.92) and saw a 22% year-on-year decline in overall business.
However, it’s not entirely secure. The current ruling can be revoked whenever the New South Wales government likes it, essentially. If things pick up (or get worse) for The Star, it could find that the delay reduction could be snapped away.
NSW government extends small lifeline to Star
As reported by Inside Asian Gaming, and originally in the Australian Financial Review, a spokesperson said:
“The government has now determined to continue this transitional arrangement … for another two years. The continuation of this arrangement was approved in recognition of several factors, including the effectiveness of other financial crime measures … along with concerns by casino operators about potential employment impacts.”
While the $5000 limit will surely help, The Star’s various business failings might mean it’s not enough to fend off the financial woes looming over the company.
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Another government body has had to come forward to warn its constituents of “fraudulent online casinos.” This time, the South Dakota Commission on Gaming (SDCG) has issued a press release with a surface-level warning to those who happen to use or are thinking about using them.
The press release doesn’t name any particular websites and acts more as general guidance. Similarly to the case in Florida, where a tribe is trying to push back on adverts run claiming to be running online casinos under them, South Dakota officials have noticed an uptick in similar activity.

Any online platform offering casino-style games such as slots, table games, sports wagering, or digital card games is not authorized under South Dakota law. To stay safe: Do not participate in gambling online. Find out more: https://t.co/vhPKrhxEkv pic.twitter.com/Nn7ve6VFUb
— SD Revenue (@SDRevenue) May 9, 2025

Detailed in the press release, the SDCG claims that it has spotted adverts that “imitate the branding” of Deadwood and Tribal casinos in the state. It does point out that a way to spot a fake casino is if the URL it ultimately sends you to looks “suspicious”.
Additionally, the commission has had to reiterate that “any online platform offering casino-style games such as slots, table games, sports wagering, or digital card games is not authorized” in the state.
Some of the sites are also running “unrealistic bonuses or promised guaranteed winnings”. While the rest of the press release gives some guidance on how to avoid these illegal casinos, the US is currently facing an offshore, or illegal online casino epidemic.
Offshore illegal casinos is impossible to deter, even in states like South Dakota
A recent report revealed that approximately 74% of total gambling revenue was directed to offshore platforms. As it’s only possible to police these sites once they appear, illegal online casinos operate until they’re caught, and it’s often too late before someone has paid into them.
For states like South Dakota, this is especially perilous, as every act of online gambling is effectively illegal in the state. With the rise of prominent gambling apps and sites like Stake, DraftKings, and more, on top of technology to circumvent internet laws, it can be difficult to prevent gambling in the US, even where it’s illegal.
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