The ASX suspended trading in PointsBet Holdings shares pending an announcement by the company. The source does not provide details of the announcement or the acquisition proposal.
Investors cannot trade PointsBet shares while the ASX suspension awaits a company announcement.
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PointsBet said it remains on track to launch online sports betting and casino in Alberta before the end of 2026. The operator reported Canadian revenue of A$20.9m for the six months to 30 September 2026, up 3% in Canadian dollars year on year, while its segment EBITDA loss widened 82% to C$6.7m.
Ontario’s Alcohol and Gaming Commission (AGCO) and PointsBet Canada have settled the regulatory proceeding arising from the commission’s February 2026 proposed order notice. PointsBet accepted a two-day suspension of its online gambling site in Ontario and an AGCO-approved independent audit, with corrective measures to be independently validated.
Alberta’s 90-day transition period for unregulated online operators ended on 13 October. The Alberta iGaming Corporation said 51 approved sites were live, with 30 operators launching regulated platforms. Operators without final authorisation must shut down in the province.
PointsBet Group chief executive Andrew Catterall warned at its annual general meeting that Australian advertising reforms could raise licensed operators’ costs and hinder competition with offshore businesses. He urged the government to give enforcement agencies sufficient resources and powers to block illegal offshore operators.
PointsBet chief executive Andrew Catterall urged the Australian government to restrict payment channels to illegal offshore bookmakers and speed up removals of unlicensed gambling advertisements. He also called for tougher limits on influencers promoting offshore operators and said the offshore market was about 30% of the licensed domestic wagering market.