The sports platform company, Fanatics has raised the stakes as it looks to acquire PointsBet’s U.S. business. As part of its effort to outbid DraftKings, the firm increased its offer by 50 percent to $225 million. 

After receiving a $195 million offer for its US businesses, Australian online bookmaker PointsBet Holdings has agreed to engage with DraftKings. 

A $195 million offer has been made by DraftKings, the US-listed wagering group, for PointsBet business in the United States.

The Fanatics Betting and Gaming (FBG) arm of sports retail giant Fanatics has agreed to buy the US operations of PointsBet, marking the sports giant’s first major move into US sports betting.

Australian bookmaker PointsBet has confirmed that its in talks with Betr operator NTD regarding a possible sale of its Australian trading business, estimated at AU$250 million ($168.5 million).

Malaysia’s Resorts World and Australia’s Pointsbet form part of a winning group for one of two mobile sports betting licenses in New York State.

The NFL announced reached agreements with BetMGM, PointsBet, and WynnBET to become Approved Sportsbook Operators for the 2021 season.

Australia's Pointsbet said retail investors took up about 8 million shares in its entitlement offer, raising some A$64.2 million, less than half of its target.

Australia’s PointsBet has been selected by the United States’ National Football League as an approved sports book operator.

Australia and US-based PointsBet is aiming to raise AU$400 million from investors to consolidate and expand its position in the US sports betting and iGaming market.