Japanese technology company Mixi has officially received approval from the Ontario Lottery and Gaming Corporation in Canada, advancing its acquisition of Australian gambling company PointsBet. The Alcohol and Gaming Commission of Ontario (AGCO) and its subsidiary iGaming Ontario (iGO) have both confirmed that there are "no regulatory concerns" with Mixi's acquisition plan, clearing a major regulatory hurdle for the transaction.
The acquisition was initially signed on June 16, 2025, and now only a few conditions such as shareholder acceptance remain. According to the terms, Mixi needs to obtain more than 50.1% shareholder support to officially complete the transaction. Previously, the offer faced resistance as it did not reach the 75% threshold required in a shareholder vote, particularly due to voting disputes with competitor Betr.
Despite this, Mixi did not give up and instead proposed a new all-cash offer of $1.20 per share, valuing the entire deal at approximately $402 million. Earlier, Mixi had received approval from the Northern Territory Gambling Commission in Australia, and now the Canadian market also poses no obstacles, demonstrating its compliance capabilities in its global expansion path.
With the regulatory review successfully passed, the success or failure of the transaction will depend on PointsBet shareholders' final response to the new proposal. If achieved, this acquisition will mark another key milestone in the expansion of Asian capital in the global gambling market.
