PointsBet Holdings (ASX:PBH) poised to trade in Illinois

Company News

by Rachael Jones

PointsBet Holdings (ASX:PBH) reports PointsBet Illinois, has been issued a Temporary Operating Permit by the Illinois Gaming Board.

This approval allows PointsBet to start retail and online sports betting operations in Illinois, subject to the Company’s partner, Hawthorne Race Course Inc, receiving a Master Sports Wagering Licence.

On 28 June 2019, the Governor of Illinois signed sports betting legislation into law.

Since then PointsBet and HRC have been working in tandem towards building a world-class, multifaceted sports entertainment venue centrally located at the Hawthorne Race Course, together with several off track betting outlets throughout the Greater Chicago Area.

Shares in PointsBet Holdings (ASX:PBH) are trading 3.2 per cent higher at $5.83.

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.