Tag Archives: Andrew Menz

BlueBet Plc has proposed a counter-offer to acquire the business of ASX rival PointsBet Holdings, stating it is “superior in value” to the deal accepted with MIXI Australia. The board of BlueBet has entered a ‘scheme arrangement’, securing funding to put forward an AU$1.28 per share deal to acquire the Australia/Canada betting group PointsBet outright. Its offer is above the …

BlueBet has announced to the ASX that it has agreed to terms to acquire Northern Territory bookmaker and racebook TopSport (TopSport.com.au). The deal will see BlueBet undertake an A$15m (€10m) equity raise to acquire TopSport, bolstering BlueBet’s target of gaining 10-15% of Australia’s sports wagering market share. Once funding is secured, BlueBet will reward TopSport’s owners, the Merlehan family, with …

News Corp, the global media conglomerate of the Murdoch Family, is reported to be scaling down its investment in Australian sportsbook challenger Betr.  As reported by the Australian Financial Review (AFR.com), News Corp seeks to “water down its investment in Betr”, the sportsbook venture of Matthew Tripp in which it owns a 47% stake. Investment concerns have grown due to …

GTG Network will serve as lead data and content provider for NTD PTY – the deep-pocketed venture spearheading the launch of Australia’s next mass-market sportsbook.  Backed by Tekkorp Capital, the VC fund of igaming figureheads Matt Davey and Robin Chhabra, NTD PTY will launch its sportsbook platform later this year, aiming to disrupt Australia’s sports betting marketplace.   Yet to announce …

The Stars Group governance has enforced its majority rights to acquire the remaining 20% shareholding in Australian market subsidiary BetEasy. Issuing a corporate filing, Stars Group confirms that it has agreed with minority investors to purchase BetEasy’s remaining shareholding for AUS $151 million (€93m) – with governance further agreeing to settle AUS $100 million (€60m) in previous performance incentives related …