** Analysts at Jefferies flag that the consolidation among Australian gaming companies is ongoing and news flow remains rich

** Says Pointsbet PBH.AX continues to draw takeover interest, with Japan's MIXI 2121.T recently raising its bid

** Betr Entertainment BBT.AX has a near 20% stake in Pointsbet and Jefferies says that BBT management's clear desire for M&A may see a new merged entity competing for further industry consolidation

** Brokerage expects that the recent change at London-listed Entain's ENT.L ANZ business may provide a catalyst for further industry consolidation in Australia

** ENT's local assets should be appealing given their third market position, strong technology offering, and retail assets in New Zealand, Jefferies says

** Brokerage sees wagering company Tabcorp TAH.AX to focus on large pub operators to drive significant traction, with the operators benefiting from upside to turnover

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))