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Fanatics Betting and Gaming Wins PointsBet Bid Over Rival DraftKings, $225 Million to $195 Million
The Fanatics Betting and Gaming (FBG) team won in its competition against DraftKings to buy the US holdings of Australian online gambling operator PointsBet. On June 30, PointsBet shareholders voted to accept FBG’s $225 million bid. The deal more than triples FBG’s US market access and adds the Big Three online casino states, as well as […]
DraftKings’ Bid for PointsBet an Effort to Block Fanatics’ Entry to Online Casino?
DraftKings sent PointsBet an “unsolicited non-binding indicative proposal” on June 16 about its intent to buy the Australian online gambling operator for $195 million. That’s what PointsBet said in its second paragraph announcing the proposal. However, PointsBet first emphasized that it already has an “agreement to sell its United States online sports betting, iGaming, and retail […]
Fanatics Follows Through on Expected PointsBet Acquisition
Sports apparel company Fanatics has agreed to purchase the US assets of Australian gaming operator PointsBet. The deal is worth $150 million in cash, pending investor and regulatory approval. Currently, Fanatics is beta-testing an online sportsbook in Ohio and Tennessee. Additionally, it operates a retail sportsbook in Maryland and has a license in Massachusetts, where […]
PointsBet Says No US Expansion in 2023, Puts Focus On Existing Markets
PointsBet aims to curb US losses in 2023 by focusing on existing markets and pursuing high-value bettors. In the short term, that means passing on upcoming state launches. Long-term, however, the goal is long-term, sustainable success for the Aussie import. According to executives during a recent fiscal earnings call, the course correction is expected to […]
Fanatics Online Casino May Follow ‘First Step’ in Online Sports Betting
Fanatics Online Casino is coming to the US eventually but isn’t ready to launch quite yet. However, the beta test of Fanatics Sportsbook for online sports betting is underway in Tennessee and is a “first step,” according to a spokesman for the sports apparel e-tailer. Beta tests, or “soft launches,” are regulatory steps states take […]
PointsBet Ontario Casino Code – What To Expect From The PointsBet Ontario License
A host of new Ontario online casinos will launch this Monday, April 4, 2022, and one of the most anticipated of the launches include PointsBet. If you’ve seen the PointsBet Canada commercial with the Trailer Park Boys, you may think it’s strictly a sportsbook. But the PointsBet Ontario Casino code will give new players a […]
PointsBet Casino Now Offers Live Dealer Games In Michigan
PointsBet Casino now offers Live Dealer casino gaming in Michigan. Players are now able to access popular live dealer games as well as slots, digital table games, and the extensive PointsBet Sportsbook. The live dealer options include: Blackjack Infinite Blackjack (unlimited players) European Roulette Auto Roulette (machine-operated wheel) Baccarat What Are Live Dealer Casino Games? […]
PointsBet Authorized to Operate New Jersey Online Casino; Names CEO for Canadian Operations
The New Jersey Department of Gaming Experience has approved PointsBet to launch its NJ online casino. The PointsBet subsidiary PointsBet New Jersey LLC will operate the venture. This is the fourth state where PointsBet is licensed to operate online casinos, joining Michigan, Pennsylvania, and West Virginia. In May, PointsBet launched in Michigan, their first iGaming […]
PointsBet And NBC Sports Form Exclusive 5-Year Partnership
PointsBet and NBC Sports have announced a five-year partnership. The landmark deal makes PointsBet the official sports betting partner of the NBC Sports brand. The partnership will see NBC Sports provide PointsBet with marketing and media opportunities. Sam Swanell, Managing Director and Group CEO of PointsBet, said: “PointsBet Managing Director and Group CEO Sam Swanell […]
