![]() PointsBet, which reported a group net win of $230 million in FY 2023 ending June 30, reached $210.3 million, up 7.6% year-over-year, with gross profits growing 5% to $105.7 million. Operations in those markets have grown over the last five years from $26 million of revenue in 2019 to an anticipated return of between $230 and $250 million in fiscal year 2024. The company’s focus turns to the Australian and Canadian markets, where PointsBet is confident it will reach current guidance in 2024. “This means we can leverage what we have built to deliver shareholder value now, and importantly increasingly into the future.” Operational growth “It’s also important to recognize that sports betting and iGaming is a fast-growing global market, that companies like PointsBet with the experience, technical capabilities and ability to work in highly regulated markets are rare and valuable in this industry,” PointsBet CEO Sam Swanell said. PointsBet can also continue to use and expand the “OddsFactory” technology that powers live-play wagering, same-game parlays, and cash-out options in the U.S., Canada, and Australia. ![]() ![]() assets to Fanatics Gaming in June.įanatics Sportsbook has been given a perpetual license to use PointsBet platforms. The Australian-based legal sports betting operator addressed shareholders Tuesday to update the status of the company since it sold its U.S. ![]() presence in the rearview mirror, PointsBet Holdings Limited is focused on using its technology to fuel its future. ![]()
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