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Gambling News - 'Pointsbet'
Business
June 30, 2023
PointsBet’s Shareholders Vote in Favor of US Assets Sale
PointsBet announced that an overwhelming majority of its shareholders supported the sale of its US-facing business to the well-known sports merchandise company, Fanatics. Fanatics Betting and Gaming, the company’s sports retail division, filed a proposal for the takeover of PointsBet’s US assets in a deal for some $225.0 million, a significant increase from its initial […]

Sports
June 28, 2023
DraftKings Folds Bid for PointsBet US Assets
In a surprising turn of events, DraftKings Inc. announced on June 28 that it will no longer pursue the acquisition of the US business of PointsBet Holdings Ltd. DraftKings expressed its gratitude to PointsBet for their time and cooperation during the process. DraftKings’ Failed Attempt to Acquire PointsBet Paves the Way for Fanatics The collapse […]

Industry
June 27, 2023
PointsBet Requests ASX Trading Halt Due to Material Transaction
Acquisition target PointsBet sent a letter to the Australian Securities Exchange (ASX) this morning to request a trading halt of its stock due to a material announcement. Disclosure Obligations PointsBet requested the immediate implementation of a trading halt on its securities listed on the ASX to allow it to manage its continuous disclosure obligations in […]

Industry
June 26, 2023
Rumors of Personal Motives Behind DraftKings’ PointsBet Bid
Failed merger negotiations may be behind DraftKings’ last-minute bid to acquire PointsBet USA and derail an already negotiated deal with Fanatics, according to a media report. Block Fanatics from New York Entry DraftKings chief executive officer Jason Robins is determined to “level the score” with Fanatics boss Michael Rubin, still holding a grudge after Rubin […]

Business
June 20, 2023
PointsBet Looks into DraftKings’ Acquisition Proposal
PointsBet Holdings Limited caused a significant upset in the sports betting industry, announcing it would engage with DraftKings regarding the latter’s acquisition proposal. Even though the board urged shareholders to vote in favor of the previous Fanatics deal, this recent news means DraftKings may come out on top. Nothing is Yet Set in Stone PointsBet’s […]
Business
June 16, 2023
DraftKings One-Ups Fanatics in a Bid to Purchase PointsBet USA
Interest in PointsBet’s US division continues to mount as multiple parties expressed interest in acquiring the gaming entertainment company’s regional assets. DraftKings’ recent proposal is substantially higher than the competing offer by Fanatics, increasing its appeal to shareholders. A successful acquisition would bolster DraftKings’ position in the rapidly expanding US sports betting market. The New […]
Industry
May 15, 2023
Fanatics to Acquire PointsBet USA in a $150M Deal
Global digital sports platform Fanatics has announced its decision to purchase PointsBet’s US assets, just as earlier reports had suggested. According to the official announcement, the former company will acquire the sports betting operator in a $150 million deal. The money will be paid in cash, as agreed by the two companies. At first, Fanatics […]
Industry
May 12, 2023
Fanatics Reportedly in Negotiations to Acquire PointsBet USA
Fanatics Sportsbook, the sports betting arm of the popular sports merchandise brand, is reportedly in talks to acquire the US business of the Australian sportsbook operator PointsBet. Sources Claim Negotiations Are Ongoing Fanatics is in advanced negotiations to acquire the US assets and operation of troubled sportsbook operator PointsBet, including its innovative “PointsBetting” apparatus, Sports […]
Industry
May 12, 2023
PointsBet Gets Embroiled in Crypto Phishing Scam
PointsBet USA, the division of the famous Australia-based sports and gaming entertainment company PointsBet, announced late on Thursday that it temporarily halted its system email communications after a third-party provider sent emails involving cryptocurrency. The company admitted that an email sent in the morning by a provider, which name wasn’t disclosed, contained communication that wasn’t […]
Sports
May 11, 2023
PointsBet Ends University of Maryland Deal Due to Regulatory Challenges
The partnership between the University of Maryland and PointsBet Sportsbook has officially come to an end, marking the second time PointsBet has terminated a college sports team deal. PointsBet Cuts Ties with University of Maryland, Reflecting Evolving College Betting Regulations The University of Maryland partnership, which began in 2020 and had three years remaining, follows […]