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Business
December 20, 2023
PointsBet to Transition to New Group CFO Next Year
The globally-recognizable betting operator, PointsBet, announced its plans to transition to a new group chief financial officer (CFO). This week, the company confirmed that its current group CFO, Andrew Mellor, will be replaced next year. To succeed the outgoing group CFO, PointsBet selected Alister Lui, who currently holds the role of chief financial officer (Australia) […]
Legal
November 10, 2023
PointsBet Hit With $110K Fine by AGCO over Alleged Breaches
Currently, there are strict rules when it comes to regulating gambling in Ontario, Canada. The province’s gambling regulator, the Alcohol and Gaming Commission of Ontario (AGCO), constantly monitors the sector to ensure that licensed operators adhere to the established rules. Ultimately, established regulations in the province seek to safeguard the consumers from excessive gambling, prevent […]
Sports
November 2, 2023
PointsBet’s New York Platform Faces Glitch in In-State College Bets
PointsBet’s New York platform, now called PointsBet, a Fanatics Experience, mistakenly allowed Empire State residents to place bets on in-state college teams, a violation of state law. The error occurred during a game between the Syracuse Orange and the Virginia Tech Hokies, as well as the Army vs. UMass match, both involving New York-based teams. […]
Casino
October 30, 2023
PointsBet Canada Welcomes Brooke Hilton as Head of Casino
In a strategic move aimed at enhancing its casino offerings and driving profitability by fiscal year 2025, PointsBet Canada has appointed Brooke Hilton as its new Head of Casino. Hilton, a seasoned professional with over a decade of experience in the North American regulated iGaming industry, brings a wealth of expertise to her new role. […]
Business
October 25, 2023
PointsBet Reports Slight Dip In Turnover Post US Assets Sale
The leading betting and iGaming company with a strong presence across Australia and North America, PointsBet, released its Q1 FY24 activities report, sharing insights regarding its performance for the latest trading period. The company released its report Wednesday, revealing that its total sports betting handle halted at AU$611.0 million ($387.5 million) for Q1 FY24. This […]
Industry
October 4, 2023
NY Regulator Approves Fanatics as the Successor of PointsBet’s License
Earlier this year, Fanatics Betting and Gaming acquired PointsBet’s US assets as the latter company announced its exit from America. The latter company sold its US-facing business for $225 million, which it plans to use to fatten up its cash reserves and pay millions in capital returns to shareholders. In the meantime, Fanatics secured a […]
Legal
September 21, 2023
PointsBet Hit with Fine in New Jersey over Betting Breaches
Gambling regulators across the United States constantly monitor their respective markets, ensuring that licensed casinos, online gambling and betting operators adhere to the established regulations. Whenever breaches are uncovered, usually, a fine may be imposed. However, in more severe cases, gambling regulators can also consider license revocation. One sports betting operator that was recently impacted […]
Business
August 29, 2023
PointsBet to Return Millions to Shareholders Following the Sale of Its US Arm
PointsBet will return millions to its shareholders following the sale of its US business to Fanatics Betting and Gaming. This was confirmed during the company’s latest extraordinary general meeting. PointsBet agreed to divest its US assets on June 30, selling its American operations of $225 million. The transaction is intended to take place over a […]
Sports
August 7, 2023
Fanatics Sportsbook Advances Toward New York License via PointsBet Deal
Fanatics Sportsbook has inched closer to obtaining a coveted sports betting license in the state of New York. The ambitious move comes after Fanatics acquired the US assets of PointsBet, a development that has piqued the interest of regulators and industry observers alike. NYSGC’s Meeting Unveils Fanatics’ PointsBet Acquisition Impact and Scrutiny The New York […]
Business
July 28, 2023
PointsBet Reports Impressive FY 2023 Financials
PointsBet’s sale of its US arm to Fanatics in the final quarter of the fiscal year represented one of the primary drivers behind its stellar performance, allowing the company to focus on its other lucrative markets while unlocking significant value through the sale. Despite the tense acquisition process, the Australian operator emerged stronger than ever, […]
