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PointsBet Holdings ( (AU:PBH) ) just unveiled an announcement.
PointsBet Holdings Limited has announced that MIXI Australia Pty Ltd has received approval from the Alcohol and Gaming Commission of Ontario for its proposed acquisition of PointsBet shares. This approval, along with confirmation from iGaming Ontario, satisfies a key condition for MIXI’s takeover bid, which still requires a 50.1% minimum acceptance. With prior approval from the Northern Territory Racing and Wagering Commission, the takeover bid is no longer subject to any gaming regulatory approvals, potentially impacting PointsBet’s market operations and stakeholder interests.
The most recent analyst rating on (AU:PBH) stock is a Buy with a A$0.83 price target. To see the full list of analyst forecasts on PointsBet Holdings stock, see the AU:PBH Stock Forecast page.
More about PointsBet Holdings
PointsBet is a corporate bookmaker listed on the Australian Securities Exchange, operating in Australia and Canada. The company has developed a scalable cloud-based wagering platform, offering innovative sports and racing wagering products and iGaming services.
YTD Price Performance: 18.50%
Average Trading Volume: 1,002,241
Technical Sentiment Signal: Buy
Current Market Cap: A$399.2M
Learn more about PBH stock on TipRanks’ Stock Analysis page.