PointsBet hires Moelis & Company to sell its North American operations

Australian-based betting operator PointsBet has hired Moelis & Company as an investment bank to help it sell its North American operations. This comes as the business has failed to increase its market share in the United States. The company, which is reportedly the seventh-largest sports betting operator in the country after DraftKings and FanDuel, has struggled to acquire market share in the US. In a statement, PointsBet said: “We b...