Tag: pointsbet
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Bet365 to Open New U.S. Headquarters in Denver
With Las Vegas in a category unto itself, Denver continues to show itself to be among the leading locales elsewhere for global betting brands to plant their American roots in the Western United States. On Monday, Colorado‘s Office of Economic Development and International Trade announced that bet365 had selected the Mile High City as the…
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PointsBet Agrees to Fanatics Sale for $225 Million, Beating DraftKings To The Punch
99% of PointsBet shareholders voted to sell its U.S. business to Fanatics for $225 million late Thursday night, marking the end of a lengthy saga that sees the largest sports and collectibles licensee in the world come closer to becoming a sports betting giant. The purchase will allow Fanatics, a $31 billion behemoth entering the…
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DraftKings’ Attempt to Buy PointsBet Collapses, Fanatics Set To Become New Owner
DraftKings’ 11th-hour bid to usurp Fanatics and block it from buying PointsBet looks to have fallen flat on its face. PointsBet announced on Tuesday night that DraftKings missed its deadline to finalize its offer. That’s after DraftKings made a last minute, $195 million salvo earlier this month to purchase PointsBet and prevent Fanatics from attaining…
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Fanatics Acquires PointsBet’s U.S. Business, Marking Its Official Foray Into Sports Betting
Fanatics signed a deal to buy the U.S. business of Australian sportsbook PointsBet on Sunday night in an acquisition that is said to be worth $150 million, multiple sources told the Action Network. The world’s largest sports apparel and collectibles company hired FanDuel CEO Matt King nearly three years ago, but only recently entered the…
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PointsBet, National Council on Problem Gambling Announce Joint Initiative
PointsBet, an Australian-based sportsbook, and the National Council on Problem Gambling announced this week a joint research initiative that will focus on responsible gambling choices for online betting companies. This research initiative is aimed at studying how people in the gambling, healthcare, and government industries will respond to problem gambling scenarios. “With the rapid expansion…
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PointsBet Gets $65 Million Investment From SIG Sports
PointsBet, an Australian-based sportsbook, earned a substantial cash infusion last month that will help them become the preeminent figure in the Australian sports betting market. PointsBet obtained a $65 million investment from SIG Sports Investments Corp., which is a subsidiary of Susquehanna Investment Group. Susquehanna is a Dublin-based trading firm that is seeking a market…
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BetMGM and PointsBet Apply for Ohio Sports Betting Access
BetMGM and PointsBet could be the first two online sportsbooks to come to Ohio. They’re the first sports betting “Mobile Management Services Provider” applicants, the Ohio Casino Control Commission announced Friday. If approved, they’d be able to launch online apps by Jan. 1, 2023, but only after partnering with a licensed retail betting venue, such as a…
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BetMGM, PointsBet Fined for Ontario Sports Betting Advertising
Major U.S. sportsbooks are already breaking Ontario’s strict rules on advertising, just a month in. BetMGM and PointsBet were fined a combined CAN$78,000 by the Alcohol and Gaming Commission of Ontario, for violating the agency’s Standard for Internet Gaming, according to a Tuesday release. “The AGCO holds all registered operators to high standards of responsible…
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Where Is Sports Betting Legal? Updated Projections for All 50 States
It’s been seven years since the Supreme Court struck down the federal ban on sports betting, allowing states to legalize it if they wish. North Carolina is the latest to join the party after launching online betting on March 11, 2024, three years after the state launched in-person betting. Missouri should be next after a…
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PointsBet Sportsbook Officially Launches Online Betting in Colorado
PointsBet launched its Colorado sportsbook Wednesday, bringing statewide online sports betting to its adopted home state. The Australian-based sportsbook, which announced it would open its U.S. headquarters in Denver last year, has aggressively invested in the Colorado market, striking betting partnership deals with the NBA’s Denver Nuggets and NHL’s Colorado Avalanche. It also has a…
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PointsBet Becomes Newest Sportsbook to Join Illinois Sports Betting Market
BetRivers, DraftKings, and FanDuel all launched online sportsbooks in Illinois within the past three months. Now, PointsBet is joining the party. It officially launched on Saturday. PointsBet joined the trio of sportsbooks in Illinois after agreeing to a brick-and-mortar sportsbook deal with Hawthorne Race Course last summer. _BookPromo=113 It was only a matter of time…
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Tigers Ink Deal With PointsBet, Become First MLB Team to Sign Official Betting Partner
The Detroit Tigers on Thursday became the first Major League Baseball team to sign a sponsorship deal with a sportsbook. The sportsbook is PointsBet, which had already signed a deal with MLB to become an authorized gaming partner, a requirement to partner with teams. The partnership will include signage at Comerica Park and on Tigers…