Pointsbet Holdings Limited (PBH)
All research reports and stock updates for Pointsbet Holdings Limited.
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Shaq says g'day
The buildout phase of Pointsbet’s business was always going to take time and plenty of money. The foundations have been laid and the technology and people resources are beginning to complete the framework.
Top of first innings
PointsBet’s 4Q22 release perhaps coincides with the peak of its operating earnings losses. The company has reported commendable revenue growth for the year which has been dominated by the frantic state by state initiation of legalised sports betting in the US.
New team player
The injection of fresh equity into PointsBet by a new strategic partner will reduce the need for PBH to raise further equity in the next two years.
Apple pie and cream
Sports and betting seem to go together like apple pie and cream. After launching in 11 US states so far, PointsBet’s profile and products are making headway into the nascent US sportsbetting industry.
Flag on the play
The US sports-betting markets are barely getting started as legislation unleashes what will be a very big industry.
Playing the long game
The early stages of the US sportsbetting market is exhibiting growing pains, but that is to be expected given the size of the opportunity. PointsBet is making good progress in getting licenses, expanding its geographic footprint and establishing its bona fides as a leading sportsbetting and iGaming business.
A bite at the apple
PointsBet has secured a mobile sports wagering licence in the highly sought after New York market amidst hot competition. This adds to PBH's credibility as a serious player in the nascent US sportsbetting market with licences already gained in six other US states.