Published
Mergers & AcquisitionsSports BettingIndustry

PointsBet confirms talks with Betr for potential sale of Australian trading business

PointsBet has responded to recent media speculation regarding a potential transaction involving the sale of its Australian trading business, which was first published in The Australian on 23 December 2022.

points bet betr
Listen To Article

The company confirmed that it is currently in discussions with NTD Pty Limited regarding a potential transaction.

NTD owns and operates Australian wagering operator Betr. PointsBet noted that any potential transaction will be assessed in the context of its global strategy and opportunities.

“PointsBet advises that as part of its ordinary course of business it routinely explores options to maximise value for shareholders including evaluating proposals from third parties that are received from time to time,” a statement from the group read.

“Discussions between PointsBet and NTD are incomplete and preliminary in nature. There is no certainty that these discussions will result in any binding transaction.”

The group noted that it will keep the market updated in accordance with its continuous disclosure obligations, with its latest announcement authorised for release by its Board Disclosure Committee.

As noted by Market Watch, shares in PointsBet are down 33% so far in December and 81% so far in 2022.

In October 2022, PointsBet successfully enabled a homepage feature of National League Football (NFL) Lightning Bets on its app, with Lightning Bets the most popular live market and third highest in terms of handle during week five of Sunday Night Football.

The homepage feature led to a 108% increase in Lightning Bets handle and a 184% increase in unique customers using the product week over week.

Premium+ Connections
Premium

Sport Generate

 
 
Premium

GammaStack

 
Premium

Digitain

 
Premium

RISK

 
Premium

Lynon

 
Premium

1xBet Partners

 
Premium

Galaxsys

 
Premium

Imagine Live

 
Premium

PIN-UP Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...