Wednesday, May 29, 2024

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Fanatics increases its offer to $225 million to buy PointsBet’s U.S. assets

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. 

PointsBet engages with DraftKings on $195m takeover offer

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

DraftKings submits late $195 million bid for PointsBet’s US business

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

Fanatics Betting and Gaming to buy PointsBet US for $150 million

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.

PointsBet confirms potential Australian operations sale to Betr operator NTD

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).

Genting, Pointsbet among winners of New York mobile sports betting license

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.

BetMGM, PointsBet and WynnBET sign sportsbook with NFL

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

Pointsbet raises $64.2m in retail offer

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.

PointsBet selected by NFL as approved sports book operator

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

PointsBet raising AU$400m for US expansion

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.