{"id":5178,"date":"2023-04-25T11:10:14","date_gmt":"2023-04-25T08:10:14","guid":{"rendered":"https:\/\/igamingafrika.com\/?p=5178"},"modified":"2023-04-25T11:10:14","modified_gmt":"2023-04-25T08:10:14","slug":"pointsbet-announces-the-sale-of-its-us-sports-betting-operation","status":"publish","type":"post","link":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/","title":{"rendered":"PointsBet announces the sale of its US sports betting operation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em><strong>According to reports, Moelis &amp; Company, an investment firm, has been engaged by Australian online bookmaker PointsBet to look for potential purchasers for its North American sports betting operations.<\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a sector that is now dominated by both DraftKings and FanDuel, the company has had difficulty growing its market share since its initial introduction in the United States.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PointsBet reported $120 million in revenue for the third and fourth quarters of 2022 in its most recent financial report. This was a 28% year-over-year rise. The company&#8217;s contract with NBCUniversal, which resulted in lower marketing expenses, was credited with favorable results. The business also disclosed that sports betting handled reached almost $1.1 billion in the first half of the fiscal year 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The business is still ranked as the seventh-largest sports betting operator in the nation despite these encouraging outcomes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although Fanatics was purportedly interested in purchasing a stake in PointsBet more than a year ago, there are currently no signs of any potential bidders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PointsBet recently dropped its application for a license to operate in the state of Massachusetts and is currently active in 14 states.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read Also<\/strong>: <a href=\"https:\/\/igamingafrika.com\/press-release\/slotegrator-partners-with-apollogames\/\" target=\"_blank\" rel=\"noreferrer noopener\">Slotegrator Casinos Partners with Apollo Games<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-green-cyan-color\">editor@igamingafrika.com<\/mark><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Subscribe to our channel on Telegram&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/t.me\/igamingafrika\" target=\"_blank\">here<\/a>&nbsp;for timely live updates on all happenings in the iGaming space in Africa. You may also join our group on Telegram&nbsp;<a href=\"http:\/\/t.me\/igaminginafrika\">here<\/a>&nbsp;and grow your networks by interacting with all players in the iGaming sector in Africa<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to reports, Moelis &amp; Company, an investment firm, has been engaged by Australian online bookmaker PointsBet to look for potential purchasers for its North American sports betting operations. In a sector that is now dominated by both DraftKings and FanDuel, the company has had difficulty growing its market share since its initial introduction in &hellip;<\/p>\n","protected":false},"author":2,"featured_media":5179,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,14],"tags":[13,15],"class_list":["post-5178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mergers-and-acquisitions","category-press-release","tag-pointsbet","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>POINTBETS SELL ITS US BETTING OPERATION - iGmaing Europa<\/title>\n<meta name=\"description\" content=\"Moelis &amp; Company has been engaged by Australian online bookmaker PointsBet to seek potential purchasers for its North American sports betting operations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"POINTBETS SELL ITS US BETTING OPERATION - iGmaing Europa\" \/>\n<meta property=\"og:description\" content=\"Moelis &amp; Company has been engaged by Australian online bookmaker PointsBet to seek potential purchasers for its North American sports betting operations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/\" \/>\n<meta property=\"og:site_name\" content=\"iGmaing Europa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-25T08:10:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/igamingeuropa.com\/wp-content\/uploads\/2023\/04\/Pointsbet1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1125\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeremiah Maangi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeremiah Maangi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/\"},\"author\":{\"name\":\"Jeremiah Maangi\",\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/#\\\/schema\\\/person\\\/afbc79f8aab56640e04d76ac6aa89e16\"},\"headline\":\"PointsBet announces the sale of its US sports betting operation\",\"datePublished\":\"2023-04-25T08:10:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/\"},\"wordCount\":250,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/igamingeuropa.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Pointsbet1.jpg\",\"keywords\":[\"Pointsbet\",\"US\"],\"articleSection\":[\"Mergers and acquisitions\",\"Press Release\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/\",\"url\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/\",\"name\":\"POINTBETS SELL ITS US BETTING OPERATION - iGmaing Europa\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/igamingeuropa.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Pointsbet1.jpg\",\"datePublished\":\"2023-04-25T08:10:14+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/#\\\/schema\\\/person\\\/afbc79f8aab56640e04d76ac6aa89e16\"},\"description\":\"Moelis & Company has been engaged by Australian online bookmaker PointsBet to seek potential purchasers for its North American sports betting operations.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/#primaryimage\",\"url\":\"https:\\\/\\\/igamingeuropa.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Pointsbet1.jpg\",\"contentUrl\":\"https:\\\/\\\/igamingeuropa.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Pointsbet1.jpg\",\"width\":2000,\"height\":1125},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/2023\\\/04\\\/25\\\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/igamingeuropa.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PointsBet announces the sale of its US sports betting operation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/#website\",\"url\":\"https:\\\/\\\/igamingeuropa.com\\\/\",\"name\":\"iGmaing Europa\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/igamingeuropa.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/igamingeuropa.com\\\/#\\\/schema\\\/person\\\/afbc79f8aab56640e04d76ac6aa89e16\",\"name\":\"Jeremiah Maangi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/17de25305a913e38e70abbe7eb60cb47849fc5763d9ba9fab6bfec27523264ae?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/17de25305a913e38e70abbe7eb60cb47849fc5763d9ba9fab6bfec27523264ae?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/17de25305a913e38e70abbe7eb60cb47849fc5763d9ba9fab6bfec27523264ae?s=96&d=mm&r=g\",\"caption\":\"Jeremiah Maangi\"},\"url\":\"https:\\\/\\\/igamingeuropa.com\\\/index.php\\\/author\\\/jeremiah-maangi\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"POINTBETS SELL ITS US BETTING OPERATION - iGmaing Europa","description":"Moelis & Company has been engaged by Australian online bookmaker PointsBet to seek potential purchasers for its North American sports betting operations.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/","og_locale":"en_US","og_type":"article","og_title":"POINTBETS SELL ITS US BETTING OPERATION - iGmaing Europa","og_description":"Moelis & Company has been engaged by Australian online bookmaker PointsBet to seek potential purchasers for its North American sports betting operations.","og_url":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/","og_site_name":"iGmaing Europa","article_published_time":"2023-04-25T08:10:14+00:00","og_image":[{"width":2000,"height":1125,"url":"https:\/\/igamingeuropa.com\/wp-content\/uploads\/2023\/04\/Pointsbet1.jpg","type":"image\/jpeg"}],"author":"Jeremiah Maangi","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jeremiah Maangi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/#article","isPartOf":{"@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/"},"author":{"name":"Jeremiah Maangi","@id":"https:\/\/igamingeuropa.com\/#\/schema\/person\/afbc79f8aab56640e04d76ac6aa89e16"},"headline":"PointsBet announces the sale of its US sports betting operation","datePublished":"2023-04-25T08:10:14+00:00","mainEntityOfPage":{"@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/"},"wordCount":250,"commentCount":0,"image":{"@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/#primaryimage"},"thumbnailUrl":"https:\/\/igamingeuropa.com\/wp-content\/uploads\/2023\/04\/Pointsbet1.jpg","keywords":["Pointsbet","US"],"articleSection":["Mergers and acquisitions","Press Release"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/","url":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/","name":"POINTBETS SELL ITS US BETTING OPERATION - iGmaing Europa","isPartOf":{"@id":"https:\/\/igamingeuropa.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/#primaryimage"},"image":{"@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/#primaryimage"},"thumbnailUrl":"https:\/\/igamingeuropa.com\/wp-content\/uploads\/2023\/04\/Pointsbet1.jpg","datePublished":"2023-04-25T08:10:14+00:00","author":{"@id":"https:\/\/igamingeuropa.com\/#\/schema\/person\/afbc79f8aab56640e04d76ac6aa89e16"},"description":"Moelis & Company has been engaged by Australian online bookmaker PointsBet to seek potential purchasers for its North American sports betting operations.","breadcrumb":{"@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/#primaryimage","url":"https:\/\/igamingeuropa.com\/wp-content\/uploads\/2023\/04\/Pointsbet1.jpg","contentUrl":"https:\/\/igamingeuropa.com\/wp-content\/uploads\/2023\/04\/Pointsbet1.jpg","width":2000,"height":1125},{"@type":"BreadcrumbList","@id":"https:\/\/igamingeuropa.com\/index.php\/2023\/04\/25\/pointsbet-announces-the-sale-of-its-us-sports-betting-operation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/igamingeuropa.com\/"},{"@type":"ListItem","position":2,"name":"PointsBet announces the sale of its US sports betting operation"}]},{"@type":"WebSite","@id":"https:\/\/igamingeuropa.com\/#website","url":"https:\/\/igamingeuropa.com\/","name":"iGmaing Europa","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/igamingeuropa.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/igamingeuropa.com\/#\/schema\/person\/afbc79f8aab56640e04d76ac6aa89e16","name":"Jeremiah Maangi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/17de25305a913e38e70abbe7eb60cb47849fc5763d9ba9fab6bfec27523264ae?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/17de25305a913e38e70abbe7eb60cb47849fc5763d9ba9fab6bfec27523264ae?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/17de25305a913e38e70abbe7eb60cb47849fc5763d9ba9fab6bfec27523264ae?s=96&d=mm&r=g","caption":"Jeremiah Maangi"},"url":"https:\/\/igamingeuropa.com\/index.php\/author\/jeremiah-maangi\/"}]}},"_links":{"self":[{"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/posts\/5178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/comments?post=5178"}],"version-history":[{"count":0,"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/posts\/5178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/media\/5179"}],"wp:attachment":[{"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/media?parent=5178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/categories?post=5178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/igamingeuropa.com\/index.php\/wp-json\/wp\/v2\/tags?post=5178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}