Australian Bookie PointsBet Greets Return of Nation’s Most Popular Sports Leagues

Ivan Potocki — Tue, 16 Jun 2020 13:24:05 +0000

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 28^th of May while the nation’s Football League of AFL will return from its coronavirus-related suspension on the 11^th 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 25^th 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 1^st 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 1^st 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.

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Australian PointsBet Holdings Proprietary Limited Benefiting from American Market Entry

Vedran Ostojic — Tue, 03 Mar 2020 22:11:17 +0000

The PointsBet online sports betting platform is one of Australia’s fastest-growing bookmakers of this kind. The bookie is an Australia-founded brand featuring premium, cutting-edge sports betting software thanks to which it has been dominating this market for quite some time now. In addition to offering loads of online sports betting entertainment to Australian players, PointsBet also accepts international players.

The bookie’s extensive sports betting offering includes an excellent variety of markets, sports and leagues such as NHL, MLB, NFL and NBA among many others. While the company which operates the bookie is based in Australia, the major PointsBet sports betting platform aims at catering customers residing in the United States.

Successful 2019 for PointsBet

The PointsBet Holdings Proprietary Limited company which owns and operates PointsBet has just recently revealed its financial results revolving around the final three months of the last year. These financial results show that the company had experienced significant increases in its registered customers, net win and turnover numbers.

This Sydney-listed company used its official filling released on the 31^st of January to share more details regarding its financial status for the final months of 2019. As detailed here, the company’s fourth-quarter turnover had increased by around 110.6% on a yearly basis to hit around $198.6 million. At the same time, the company’s gross win increased by around 12.3% to just hit over $19.3 million.

The company’s official financial report also showed that PointsBet Holdings Proprietary Limited had also experienced a massive 123% increase in its active customers to reach 102,155. At the same time, the company has also managed to increase its net win by around 117% to reach $12 million.

PointsBet Entering the USA Sports Betting Market in 2018

The PointsBet sports betting operator owned and operated by PointsBet Holdings Proprietary Limited entered the growing USA-based sports betting market back in December of 2018. At the time, the company launched its domain which caters to players residing in the state of New Jersey. Shortly after this debuting success, the company also premiered its online and retail sportsbook in the state of Iowa which was made possible via a business partnership with the state’s Catfish Bend Casino.

Since this time, the Melbourne-based company has inked similar business deals which allowed it to expand across a number of states including Michigan, Colorado, Illinois, and Indiana. Furthermore, the company also closed out in January 2020 by signing another crucial business deal with the Kansas Crossing Hotel and Casino facility.

When it comes to the Australian company’s fourth-quarter turnover from its USA sports betting operators, it had hit around $75.1 million thanks to a massive gross win of over $5.4 million and thanks to around 17% more active players. Regarding its USA operations, the company’s officials also stated that its New Jersey operations had accounted for around 97% of these growing revenues which hit around $72.6 million.

It was also revealed that the company’s Iowa-based enterprise had also contributed to growing revenues with around $2.4 million although it premiered several months ago in August. The company’s officials further highlighted the massive importance of its USA operations by revealing that the company’s net win from its New Jersey and Iowa operations had reached $2.3 million with high-rollers providing around 44% of those net revenues. The company’s press release concluded that PointsBet is well-positioned to benefit more from the growing opportunities that these markets offer.