PointsBet Holdings US subsidary partners with Penn National Gaming

Company News

by Rachael Jones

Last Movement
$5.260 -$0.213 -3.90%
Data Source:
Last Updated: 24/02/2020 10:26 AM

PointsBet Holdings (ASX:PBH) wholly owned subsidiary, PointsBet USA Inc. and Penn National Gaming Inc. have entered into an agreement for digital sports betting and gaming services in the United States.

Under the terms of the Online Gaming Services Framework Agreement, Penn National Gaming has granted PointsBet the right to develop, own, market and operate, under the authority of their operating licenses, along with PointsBet branded online sportsbook and gaming operations in Ohio, Indiana, Missouri, West Virginia and Louisiana.

PointsBet Chief Executive Officer, Sam Swanell says they are delighted to partner with such a forward thinking and innovative organisation.

Shares in PointsBet Holdings (ASX:PBH) closed 2.69 per cent lower at $2.90 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.