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OnlineMergers & Acquisitions

PointsBet acquires US horseracing's Premier Turf Club

PointsBet's US subsidiary has reached a binding agreement to acquire Premier Turf Club for $2.9m.

USracing

The Premier Turf Club is licensed in Oregon by the Oregon Racing Commission and will allow PointsBet to grow in the ever-evolving US market.

The club’s industry expertise and customer-focused operations will be of “immediate value” to PointsBet as the company continues to enter new markets.

The acquisition is subject to customary completion conditions; it is expected to close later this month, allowing PointsBet to launch in the US online racing market.

PointsBet USA CEO, Johnny Aitken, said: “PointsBet is very pleased to join forces with Premier Turf Club. The combination of Premier Turf Club’s excellence in the space with PointsBet’s mature market Australian racing expertise favourably positions us as we prepare to enter the US horseracing market.

"Today’s noteworthy acquisition complements our inhouse approach while growing our premier product suite, and we are excited to welcome Premier Turf Club to the PointsBet team.”

Premier Turf Club’s General Manager, Todd Bowker, added: “As Premier Turf Club was exploring options for how we might enter the sports betting market, we realised early on that we wanted to partner with a highly regarded and experienced operator.

“PointsBet’s history in racing in Australia made them an ideal choice, and we are excited to join their team. We look forward to be able to offer sports wagering to our customers in jurisdictions where legal, and to expose PointsBet’s customers to the excitement of betting on racing.”

 

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