PointsBet CEO Sees Alberta Opportunity for Sports Betting Sites Amid U.S. Exit

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The chief executive officer of the “new” PointsBet — shorn of its U.S. business — thinks there is a possibility Alberta will allow private-sector operators of sports betting sites to launch there in the latter half of next year.

for sports betting services, no winner has been announced.

The comments followed PointsBet reporting financial results for its 2023 fiscal year, which ended on June 30. Exiting the U.S. means PointsBet is walking away from a market that provided more than half of its A$5.7 billion legal sports betting handle for its 2023 fiscal year. PointsBet also reported A$391.1 million in total net win for the year ended June 30, A$161.1 million of which was attributable to the company's U.S. business.

 

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