BETR funding approved !!, page-110

Sources close to PointsBet’s (ASX: PBH)Australian arm have revealed potential acquisition bids are in the works from one of the world’s largest betting and gaming groups Entain (LSE: ENT) and another from major Australian wagering group Tabcorp (ASX: TAH).Potential bids from Entain and Tabcorp follow PointsBet’s confirmation in late December it was in discussions with owners of Australian wagering operator Betr regarding a potential sale or merger.Although yet to make an official announcement, PointsBet said in a December ASX release it “routinely explores options to maximise value for shareholders” including evaluating proposals from third parties that it receives “from time to time”.Entain owns renowned global brands including Ladbrokes, Sportingbet and Neds, while Tabcorp is Australia’s largest multi-channel wagering brand.Betr was launched in 2022 as a new major Australian bookmaker. News Corp holds a 33% stake in Betr.