Ann: PBH Enters into Scheme Implementation Deed, page-13

Market Position in Australia & Canada

• Even after selling its U.S. business, PointsBet still has a strong presence in Australia and a growing one in Canada.
• Acquiring PointsBet means gaining an existing customer base, betting licenses, and brand recognition.

Proprietary Technology & Platform

• PointsBet has developed its own betting technology, which is a key asset.
• Companies looking to own their tech stack rather than rely on third parties (e.g., OpenBet, Kambi) would see value in this.

Regulatory Licenses

• Betting licenses are difficult to obtain. Buying PointsBet would allow a company to bypass the long approval process in Australia and Canada.

Potential for Cost Synergies

• A larger company could cut costs (marketing, admin, staff) and increase profitability by absorbing PointsBet into its operations.

Defensive Move Against Competitors

• Companies might bid not just to grow, but to stop rivals from acquiring PointsBet and becoming stronger competitors.

i do see some real big players might be get interested after all its a EBITDA positive business now. all in my opinion.