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Business
April 2, 2025
BlueBet Stays Confident About Buying PointsBet Despite Competing Offer
Australian betting company BlueBet keeps pushing to buy PointsBet even though Japanese firm MIXI wants it too. BlueBet CEO Andrew Menz feels good about their chances, saying talks with PointsBet shareholders have gone well overall. BlueBet Challenges PointsBet’s MIXI Deal, Emphasizes Strength of Its Own Offer The company still wants to make the deal happen […]
Business
February 26, 2025
PointsBet Investors Favor MIXI Over BlueBet’s Takeover Offer
PointsBet’s board has given its unanimous endorsement to an A$353 million (US$222.9 million) all-cash takeover bid from Japanese consumer tech giant MIXI, setting the stage for a potential acquisition amid competing interest from Australian betting firm BlueBet. Attractive Cash Deal The bid expressed by MIXI’s Australian subsidiary included the purchase of 100% of PointsBet’s shares […]
Business
February 5, 2025
BlueBet Acquires TopSport Via Binding Asset Agreement
ASX-listed global online wagering provider and sportsbook BlueBet has officially announced its acquisition of TopSport through a binding asset sale agreement. This news marks a significant move expected to strengthen BlueBet’s position in the Australian wagering market. At the end of August 2024, BlueBet announced its plan to exit the U.S. market and exclusively focus […]
Business
August 29, 2024
BlueBet Plans US Market Withdrawal to Focus on Growth in Australia
This spring, BlueBet, the emerging Australian betting giant, announced a strategic deal with Betr, a recognizable gaming and betting operator. After the announcement of this strategic collaboration, the company confirmed its plans to review its operations in the United States. Now, BlueBet confirmed its intention to exit the US market and focus on its growth […]
Business
July 2, 2024
BlueBet Exits Indiana, Initiates Review of US Assets
BlueBet has decided to pull out from the Indiana market amid various setbacks. In addition, the betting operator has initiated a strategic review of its operations in the United States. BlueBet originally entered the Indiana wagering sector through an agreement with Caesar Entertainment’s Horseshoe Hammond property. However, the Australian operator opted to cancel the deal, […]
Industry
April 15, 2024
VGCCC Hands $32K Fine to BlueBet over Illegal Billboard Ads
The Victorian Gambling and Casino Control Commission (VGCCC) has fined BlueBet, ordering it to pay the regulator’s agreed costs. According to the official announcement, the gambling operator was found guilty of 43 charges of displaying gambling advertising on or above a public road. For reference, such display of gambling advertisements is illegal in the Australian […]
Business
April 11, 2024
BlueBet Confirms Historic Merger with Betr
The merger between BlueBet and Betr is now a fact. After months of speculation and rumors, the former company confirmed the acquisition on the ASX. Under the agreement, Betr’s parent company, the Tripp Group, will receive a majority of shares in BlueBet. The merger will benefit both companies in different ways. BlueBet will be able […]
Business
April 10, 2024
BlueBet Shares Surge as Merger with Betr Approaches
BlueBet’s shares experienced a sharp increase ahead of the betting company’s merger with Betr. According to a report by the Australian Financial Review, a local news outlet, the deal should be closed soon. Following the report, BlueBet’s share price spiked to AUD 0.33, vastly increasing the firm’s market cap. The shares proceeded to fall back […]
Business
March 3, 2023
BlueBet Strives for Positive Cash Flow After Disappointing H1 Results
BlueBet, a mobile-first online wagering provider based in Australia, has announced its half-year financial results for the six months which ended on December 31, 2022, (H1 FY23). BlueBet Posts Negative EBITDA and Profit After Tax BlueBet’s turnover increased by 6.1% to AUD280.5 million ($189.3 million) in H1 FY23, with strong growth in sports and mobile. […]
Industry
November 17, 2022
ClutchBet Names Auriemma as VP of Engineering
Sports betting operator ClutchBet has reinforced its engineering team with Joshua Auriemma. The latter is joining the sportsbook as vice president of engineering and will help the company maintain and expand its infrastructure. Joshua Auriemma Joins ClutchBet Auriemma is well-versed in his field, having previously worked as an engineering worker at various gaming and non-gaming […]
