MIXI’s intended takeover of Australian bookmaker PointsBet has cleared another regulatory hurdle, with authorities offering no objection to the $400 million acquisition by the Japanese company.

PointsBet’s business covers both Australia and Canada and a key difference between the rival offers of MIXI and betr is the former has stated its intention to retain the Canadian arm, while the latter has secured a non-binding offer to sell it off.  

The Northern Territory Racing and Wagering Commission approved a MIXI takeover in March, while last month, the acquisition received the nod from the Foreign Investment Review Board (FIRB) in Australia.

PointsBet announced Monday morning that following “an intensive and extended review” by the Alcohol and Gaming Commission of Ontario (AGCO), MIXI has received written confirmation that AGCO has no concerns with the proposed acquisition.