PointsBet (ASX:PBH) shares close in green on awarding gaming licence in US

Be the First to Comment Read

PointsBet (ASX:PBH) shares close in green on awarding gaming licence in US

ASX, PBH, increasing share prices
Image source: © Kantver | Megapixl.com

Highlights

  • PointsBet Pennsylvania, LLC have been awarded sports wagering and interactive gaming operator licences by the Pennsylvania Gaming Control Board.
  • Pennsylvania is amongst the top five sports betting states in the US.

Wagering services provider PointsBet Holdings Limited (ASX:PBH) shares shoot up by 4.93% today as the company announces that it has been granted a new licence in the US.

PBH’s share closed at AU$6.380 with a market capitalisation of AU$1.60 billion.

PointsBet Pennsylvania, LLC is a wholly-owned subsidiary of PointsBet Holdings Limited and has been awarded ‘sports wagering and interactive gaming operator licences by the Pennsylvania Gaming Control Board’.

The licences have been granted as PBH filed a joint application for licensure with Penn National Gaming Inc as part of the partnership agreement. After acquiring the licences, the company will offer online casino and sports betting products in Pennsylvania.

The licence can be interpreted as an achievement for PointsBet as Pennsylvania is amongst the top five sports betting states in the US.

PointsBet branding strategy in Pennsylvania

NBC Sports is an exclusive and official sports betting partner of PointsBet. The company will use NBC Sports’ digital assets and premium television for promoting themselves across Pennsylvania. PointsBet can participate in the events organised by NBC sports, such as regional broadcast home to the Flyers, 76ers and Phillies.

While commenting on the development, Johnny Aitken, CEO of PointsBet USA, said:

Bottom Line

With new licences and agreement with NCB Sports, PointsBet has entered Pennsylvania and will tell what sets PointsBet apart from competitive brands.

Disclaimer

Speak your Mind

Featured Articles

Ad
kalkine logo

GET A FREE STOCK REPORT

Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK