Fresh off their merger with betr, which will see a combined business rebrand shortly, wagering operator BlueBet (ASX: BBT) has confirmed its decision to concede it’s international expansion ambitions by exiting the US market and concentrating solely on Australia.  The move mirrors a trend seen among smaller Australian betting firms like PointsBet (ASX: PBH), which

While most companies create grand plans to enter the US, online wagering company PointsBet (ASX: PBH) is glad to wash its hand off its American arm since selling it off to Fanatics Betting and Gaming in August 2023.  With the first installment of $275.4 million being received, PointsBet is finally focusing on its Australian and

Having widened its losses in FY23, wagering company PointsBet Holdings (ASX: PBH) has decided to let go of its US divisions, selling them to US-based Fanatics Betting and Gaming (FBG) for $333 million.  The Company has received $270.10 million (along with agreed-upon adjustments) as the first payment out of the total purchase amount of $333

Sportsbetting company PointsBet Holdings (ASX: PBH) has faced a slew of disappointments in trying to sell its US business. Initially, it shut down Aussie wagering company Betr’s $220 million offer; then, it succumbed to only a slightly larger offer—$222 million—from Fanatics Betting and Gaming (FBG). Now, it is being offered $280.7 million in cash from

The US market was long viewed as the white whale of the sportsbetting industry, but five years on from a landmark 2018 Supreme Court ruling which turned fiction into reality, those chasing the big win have copped the biggest losses. Ironic, huh?  For Australian sportsbetting company PointsBet (ASX: PBH), today’s sale of their US operations

Sports betting company PointsBet (ASX: PBH) has struggled to secure bids for its underperforming businesses in Australia and the United States. While the Company received an offer from Australian wagering company Betr for its Australian business, it turned it down initially before resuming discussions again which have now broken down. This took place in the

Global content powerhouse NBCUniversal (NBCU) and Australian bookie PointsBet (ASX: PBH) are continuing their success story with a two-year extension to their existing five-year, US$500m partnership. The original five-year deal – struck in 2020 – required PointsBet to spend US$90m per year on advertising across all NBC-owned networks, but today has been revised to US$58m

Even the fondest of Pointsbet (ASX: PBH) shareholders can’t remember the last time the Company actively promoted their Australian business to shareholders, rather focusing solely on their US expansion where the bookmaker has been a pioneer in the regulatory battlefield, unlocking access to each individual State in a slow and expensive process.  As a reward

The Aussie way has caught up to sports betting company PointsBet Holdings (ASX: PBH) as it expands its US portfolio to include horse racing betting. The Company’s subsidiary Premier Turf Club, i.e. BetPTC, has entered into a five-year agreement with North American horse racing company 1/ST TECHNOLOGY, which is a business division of The Stronach

Sports loving fans in New Orleans can now bet with one of the United States’ fastest growing online bookmarkers with Pointsbet (ASX: PBH) having gained authorisation to accept its first bet in the State of Louisiana.  The approval has been granted by the Louisiana Gaming Control Board, making Louisiana the 12th State that PointsBet has

The North American sports betting industry continues to scale to new highs as punters in Maryland have now gained access to sports betting with PointsBet (ASX: PBH), which continues its national expansion. Punters from Maryland have recently seen a considerable change in their access to retail sports betting following new legislation signed by Maryland Gov.

Despite global markets being on edge amid interest rate rises, sportsbetting company PointsBet (ASX: PBH) has strengthened its balance sheet with a $94 million investment from Sports Investments Corp (SIG Sports) which will see the bookmaker accelerate its quantitative analytics capabilities.  The $94.16 million investment comes in the form of a Private Placement to SIG

Since accepting their first bet within just 50 seconds of their launch in Canada, sportsbetting company PointsBet (ASX: PBH) has set out to make a huge nationwide push across the country having partnered with Maple Leaf Sports & Entertainment in what has to be classified as a landmark deal. Unlike other partnerships PointsBet has made

Differentiating themselves from standard bookmakers, sports and wagering company PointsBet (ASX: PBH) continues to make strides with its online casinos business, adding West Virginia to the list of US States they can operate their iGaming app in.  The launch of the iGaming online casino in West Virginia comes just months after PointsBet secured regulatory approval

Fans of the Washington Wizards and Team with No Name will soon be able to bet live on all professional sports with PointsBet (ASX: PBH) awarded a temporary supplier license by the Virginia Lottery to offer online sports wagering in the State of Virginia.  The licence has been awarded via wholly owned subsidiary PointsBet Virginia

Akin to a fresh graduate applying for a job they are not qualified for, Aussie bookmaker BlueBet (ASX: BBT) has withdrawn its sportsbetting licence application in the State of Virginia as recommended by the State citing a lack of experience operating in the United States. By withdrawing their application rather than having it rejected by

Country roads, take me home, to the place I belong, West Virginia…. mountain mama, Take me home, to get my bet on… A slight tweak to the John Denver classic could soon be a new theme song for the Mountain State with bookmaker PointsBet (ASX: PBH) securing regulatory approval to commence its sports betting operations

Fresh from the legalisation of online sports betting in the State of Arizona, bookmaker PointsBet (ASX: PBH) has entered the desert state via a deal with the Yavapai-Apache Nation to launch betting operations within their Cliff Castle Casino Hotel. The partnership comes just a few months after Arizona Governor Doug Ducey legalised sports betting in

Just hanging up the cleats a few months ago, future NFL Hall-of-Fame quarterback Drew Brees will not be lost to sporting fans around the world having quickly been snapped up by sportsbetting company PointsBet (ASX: PBH) as their newest brand ambassador. Brees, who was loved by all NFL fans as one of the greatest quarterbacks

Online wagering company, BlueBet Holdings Limited (Proposed ASX: BBT), are the latest online wagering company to make their public debut, expected to list on the exchange on July 2. BlueBet were looking to raise $80M, asking $1.14 per share, giving the company an indicative market cap at completion of the offer of $228.1M. BlueBet was

One of the worst kept secrets in the wagering industry is now in the open with Australia’s largest operator Tabcorp (ASX: TAH) confirming they have knocked back unsolicited offers for their wagering business but will review options to maximise its potential sale price.  Confirmation that offers from unnamed parties have been knocked back comes with

Drawing upon a deep understanding of cognitive culture in the United States, bookmaker PointsBet (ASX: PBH) is set to make a big push into in-play betting for US sports through the $43 million acquisition of Irish risk management company Banach Technology, a market leader in in-play trading. Specialising in risk management platforms and quantitative driven

As one of the few states with professional teams across all of America’s top sports leagues, residents of Michigan will be the next State of operations for sports betting company PointsBet (ASX: PBH) which continues its rapid rollout across the world’s most lucrative sports market. The launch, scheduled for tomorrow, has been finalised with approval

Recently recognised as the the US Sports Betting Operator of the Year, PointsBet (ASX: PBH) has taken their first bets in Colorado with the mountain state becoming their fifth online sportsbook operation in the US since regulatory changes have opened up legalised sports betting. The Colorado milestone marks a significant moment in PointsBet’s short history

Australian bookmaker Pointsbet (ASX: PBH) has secured valuable on-court and stadium advertising in the United States having been appointed the official sports gaming partner of the Indiana Pacers NBA team.  The multi-year agreement with Pacers Sports & Entertainment will enable Pointsbet to have it’s branding printed along the baseline of the Pacers’ home court in

The age-old notion of Australians betting on anything that crawls has been supported by the behaviour of sports punters during the virus lockdown that has stymied most professional sporting events. Undeterred by the lack of football, tennis and cricket, gamblers have discovered the joy of offshore table tennis tournaments and obscure European second tier soccer

Wagering company PointsBet Holdings (ASX: PBH) has continued its national penetration of the American sports betting market having today announced they have secured approval to launch operations in the State of Indiana.  In the 17th largest State by population, regulatory approval from the Indiana Gaming Commission gives Pointsbet its third digital sportsbook operating in the

In two short months since listed on the ASX, PointsBet Holdings Limited (ASX: PBH) has accelerated its activities in the lucrative U.S gaming market, today announcing a strategic partnership with Penn National Gaming (Nasdaq: PENN). Under the agreement, the Melbourne-based bookmaker has secured market access to West Virginia and Indiana where sports betting has been