{"id":6645,"date":"2024-08-26T15:48:28","date_gmt":"2024-08-26T14:48:28","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=6645"},"modified":"2024-08-26T15:48:32","modified_gmt":"2024-08-26T14:48:32","slug":"following-sale-of-us-business-pointsbet-revenue-up-to-17","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/","title":{"rendered":"Following Sale of US Business PointsBet Revenue Up to 17%"},"content":{"rendered":"\n<p><strong>PointsBet<\/strong> has published its full 2024 financial year report, highlighting a 17% year-on-year increase in revenues.<\/p>\n\n\n\n<p>Now up to <strong>AU$245.5m<\/strong> across all operations, the increase follows the <strong>$225m<\/strong> sale of PointsBet\u2019s US business to <strong>Fanatics Betting and Gaming<\/strong> last year.<\/p>\n\n\n\n<p>After a 10-month process, this allowed the company to distribute <strong>AU$442.4m <\/strong>to shareholders.<\/p>\n\n\n\n<p>PointsBet Chairperson, <strong>Brett Paton<\/strong>, emphasised that the group\u2019s Australian operation has a \u2018strategically important place\u2019 in the country\u2019s wagering market, and the firm intends to continue to grow its online share.<\/p>\n\n\n\n<p>\u201cWe are equally excited in the outlook for our Canadian business,\u201d he continued. \u201cThe Canadian business provides shareholders continued exposure to the North American Market through a jurisdiction that is more attractive than most US states.&nbsp;<\/p>\n\n\n\n<p>\u201cThe lower capital requirements and higher operating margins benefited from lower gaming tax relative to most US states create strong prospects for attractive future economics with additional provinces going live over the next two years.\u201d<\/p>\n\n\n\n<p>PointsBet also reported a strong cash flow performance in the second half of FY24, with net operating cash flow reaching <strong>$16.8m.<\/strong> Meanwhile, the company ended the fiscal year with <strong>$28.1m <\/strong>in cash and cash equivalents.<\/p>\n\n\n\n<p>The report detailed: \u201cOur Australian operation has a strategically important place in the Australian wagering market and we intend to continue to grow our online share in this market.\u201d&nbsp;<\/p>\n\n\n\n<p>It concluded: \u201cWe look forward to delivering on the opportunities we see for the new PointsBet moving forward and growing shareholder value.\u201d<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PointsBet has published its full 2024 financial year report, highlighting a 17% year-on-year increase in revenues. Now up to AU$245.5m across all operations, the increase follows the $225m sale of PointsBet\u2019s US business to Fanatics Betting and Gaming last year. After a 10-month process, this allowed the company to distribute AU$442.4m to shareholders. PointsBet Chairperson, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1],"tags":[9525,9524,2679],"class_list":["post-6645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","tag-brett-paton","tag-fanatics-betting-and-gaming","tag-pointsbet"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Following Sale of US Business PointsBet Revenue Up to 17% - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Following Sale of US Business PointsBet Revenue Up to 17% - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"PointsBet has published its full 2024 financial year report, highlighting a 17% year-on-year increase in revenues. Now up to AU$245.5m across all operations, the increase follows the $225m sale of PointsBet\u2019s US business to Fanatics Betting and Gaming last year. After a 10-month process, this allowed the company to distribute AU$442.4m to shareholders. PointsBet Chairperson, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/\" \/>\n<meta property=\"og:site_name\" content=\"SBC EURASIA EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-26T14:48:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-26T14:48:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/08\/PointsBet-revenue.png\" \/>\n\t<meta property=\"og:image:width\" content=\"834\" \/>\n\t<meta property=\"og:image:height\" content=\"411\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"nika rostiashvili\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nika rostiashvili\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated 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:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/\"},\"author\":{\"name\":\"nika rostiashvili\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0\"},\"headline\":\"Following Sale of US Business PointsBet Revenue Up to 17%\",\"datePublished\":\"2024-08-26T14:48:28+00:00\",\"dateModified\":\"2024-08-26T14:48:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/\"},\"wordCount\":264,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/08\/PointsBet-revenue.png\",\"keywords\":[\"Brett Paton\",\"Fanatics Betting and Gaming\",\"Pointsbet\"],\"articleSection\":[\"Gambling\",\"News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/\",\"url\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/26\/following-sale-of-us-business-pointsbet-revenue-up-to-17\/\",\"name\":\"Following Sale of US Business PointsBet Revenue Up to 17% - 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