One of the most popular Australia-based bookies, the PointsBet Holdings Proprietary Limited firm has excitedly welcomed the news that two of the nation’s most popular and most widely watched sports leagues will soon resume action following. As reported by several local news outlets, Australia’s most popular sports leagues will probably return with exciting action on the field before the end of 2020’s second quarter.
According to one report released by the iGamingBusiness.com news domain, the most popular Australia’s National Rugby League or the NRL emerged from suspension caused by the ongoing coronavirus pandemic on the 28th of May while the nation’s Football League of AFL will return from its coronavirus-related suspension on the 11th of June. Needless to say, all Australian bookies failed this news including PointsBet Holdings Proprietary Limited.
PointsBet Holdings Proprietary Limited
Even though PointsBet Holdings Proprietary Limited is one of the relatively new online sports betting companies in Australia, its sportsbook enjoys great popularity among online sports betting fans and enthusiasts residing in Australia. The company’s PointsBet sportsbook offers real-money wagering on all sports of sports markets and leagues including on the nation’s most popular. In other words, punters registered at PointsBet get to place real-money wagers on AFL, NRL, NBA, and much more.
As listed on the official website, there are over one thousand sports markets on every Australia’s Football League event with loads of different betting options both spreads and fixed-odds alongside much more. The company based in Melbourne used one of its recent press releases to hail the news about the nation’s most popular sports leagues finally returning from their temporarily coronavirus-induced suspension.
In another related press release, the officials at PointsBet Holdings Proprietary Limited said that the company total win from sports betting operations in Australia and the United States for the fifty-five days to the 25th of May which was Monday had hit around $12 million that was a little over one percent lower than the net win value of $12.3 million that the company had hit for the first quarter of this year until the end of March.
Consequences of the Coronavirus Pandemic
The ongoing coronavirus pandemic negatively affected every single industry across the globe and the iGaming industry is not an exception. Causing major financial, economic, and social disruptions, the ongoing coronavirus pandemic has also led to postponements and cancellations of many sports events.
According to one report by the iGamingBusiness.com news domain, the New Jersey, Colorado, and Northern Territory-licensed online sports betting operator also revealed that its PointsBet.com.au domain had hit gross gaming revenues of only $11.9 million starting from the 1st of April. At the same time, the company’s United States-focused online sports betting services had seen their revenues surpass $197,500.
Revealed by the same news outlet iGamingBusiness.com, PointsBet Holdings Proprietary Limited’s net gaming revenues since the 1st of July of 2019 hit over $44 million with those gross gaming revenues from its Australia and the USA-based operations combined. At the same time, the company has benefitted from the coronavirus pandemic in a way that many sports betting fans turned to online bookies in favor of traditional brick and mortar venues in order to stay safe.
According to several different local news outlets, the PointsBet Holdings Proprietary Limited had also outperformed many of its major domestic competitors especially in terms of its turnover from horseracing in Australia that has been almost unaffected by the global coronavirus-related lockdown. Moreover, the company’s improvements made to its overall online sports betting service and products offered also led to bigger gross gaming revenues from its registered customers.