PointsBet (ASX:PBH) - U.S. CEO, Johnny Aitken - The Market Herald
U.S. CEO, Johnny Aitken
Source: Gaming Today
Market Herald logo


Be the first with the news that moves the market
  • PointsBet Holdings (PBH) has been given the go-ahead to begin online sports betting in Michigan as of Friday, January 22, 2021
  • Following the launch, the corporate bookmaker will operate in six U.S. states
  • PointsBet also intends to make Michigan the launch state for its iGaming product at some point before the end of June, pending approvals
  • Shares are trading grey at $14.71

PointsBet Holdings (PBH) has been approved to go-live with online sports betting in Michigan as of Friday, January 22, 2021.

The approval from the Michigan Gaming Control Board was granted to the company's subsidiary PointsBet Michigan and will enable PBH to add a sixth U.S. state to its operational portfolio.

The corporate bookmaker is already operational in New Jersey, Iowa, Indiana, Illinois and Colorado.

"PointsBet is pleased to have been approved to launch in Michigan in the first wave of operators. We look forward to providing this sports-loving state with a fast, premium sports betting product," said PointsBet Group CEO Sam Swanell.

PointsBet was among a cohort of 15 platform providers who were awarded provisional licences by the Michigan Gaming Controls Board in December. The licensees were still required to fulfil further regulatory requirements ahead of pinning down a launch date.

PointsBet also intends to launch its iGaming product in Michigan in the second half of the 2021 financial year, pending approvals from the Michigan Gaming Controls Board.

The company also has several partnerships in the state, notably with the Detroit Tigers, Detroit Red Wings, Little Caesars Arena and the Detroit Pistons.

Shares are trading grey at $14.71 at 10:18 am AEDT.

PBH by the numbers
More From The Market Herald
Murray River Organics Group (ASX:MRG) - CEO, Birol Akdogan - The Market Herald

" Murray River Organics (ASX:MRG) sells citrus property for $5M

Murray River Organics Group (MRG) has sold its citrus property, Gol Gol, for $5 million.
Synlait Milk (ASX:SM1) - CEO, Leon Clement - The Market Herald

" Synlait Milk (ASX:SM1) slashes FY21 guidance amid ongoing COVID woes

Shares in Synlait Milk (SM1) have tanked today after the company was forced to scrap its 2021 earnings guidance amid ongoing COVID-19 struggles.
Verbal flub by ex-Myer CEO comes to a five year close after class action

" Myer (ASX:MYR) experiences online sales boost as pandemic stunts foot traffic

Despite pandemic hindrances to its brick and mortar stores, strong online sales growth and lower costs fuelled a net profit in Myer’s (MYR)
Nutritional Growth Solutions (ASX:NGS) partners with internet sensation Gavin Thomas

" Nutritional Growth Solutions (ASX:NGS) partners with internet sensation Gavin Thomas

Nutritional Growth Solutions (NGS) has partnered with celebrity and social media influencer Gavin Thomas to promote Healthy Height in China.