PointsBet Finalizes US Business Sale, Plans Capital Return

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PointsBet plans to return A$127m in capital to shareholders following the completion of the sale of its US business to Fanatics

The news: Wagering operator PointsBet has completed the sale of its US business to sports merchandiser Fanatics for a total of US$225 Fanatics Completes PointsBet Sale In July 2023 Fanatics Betting & Gaming outbid DraftKings for the assets of Australian-based PointsBet

ஜாக்பாட் ஒரு மணி ரிசல்ட் Key Highlights • PointsBet has amended its Stock and Equity Sale Agreement with FBG, increasing headline cash consideration to US$225 What a year it's been as PointsBet group CTO, personified by the sale to the US business to Fanatics making this work year anniversary