Sports betting company PointsBet has rejected claims by rival Betr Entertainment that it excluded a crucial vote during its 25 June shareholder meeting to approve a proposed acquisition by Japanese entertainment and technology group MIXI.
According to the Financial Review, shareholders voted in favor of a plan under which a MIXI subsidiary would acquire PointsBet. However, Betr, which holds a 19.9% stake in PointsBet, alleged its vote against the deal was improperly omitted and called for a recount, warning it would challenge the outcome in court.
PointsBet described Betr’s claims as “factually inaccurate and without basis.” According to PointsBet, a senior Betr executive logged in virtually during the meeting, revoked the group’s proxy, and did not lodge any votes for Betr.
