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Source: PointsBet
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  • PointsBet Holdings’ (PBH) subsidiary has been recommended for a licence to operate mobile sports wagering in New York state
  • During a public meeting, the New York State Gaming Commission recommended PointsBet New York be awarded a platform provider licence, along with eight other operators
  • Official approval procedures are set to follow, which will require the recommended operators to undertake independent system testing
  • The company says this is a major milestone for its technology and eagerly anticipates its official launch in New York in early 2022
  • Company shares last traded at $8.29 on November 8  

PointsBet Holdings’ (PBH) subsidiary has received recommendation for a licence to operate mobile sports wagering in New York state.

During a public meeting, the New York State Gaming Commission advocated for PointsBet New York to be awarded a platform provider licence, along with eight other operators.

With the recommendation, PointsBet, along with FanDuel, BallyBet, BetMGM, DraftKings, Rush Street Interactive, Caesars, WynnBet and Resorts World, will have potential to secure market access to New York state.

PointsBet US CEO, Johnny Aitken, said the news of being recommended by the New York State Gaming Commission marks an exciting moment for PointsBet.

“Having the potential to secure market access to New York state – expected to be one of the largest and most important markets in the United States – represents another major milestone for our company, our brand, and our technology,” said Mr Aitken.

“We are thankful to the Gaming Commission for this recommendation and believe it speaks volumes to PointsBet’s reputation and ability to deliver an unrivaled, world-class experience.”

In a statement, he said the company would eagerly await the official opportunity to leverage its exclusive sports betting partnership with NBC Sports.

Official approval procedures are set to follow, which will require the recommended operators to undertake independent system testing.

PointsBet’s official launch in New York is anticipated in early 2022.

PBH opened trading in Australia on Tuesday up 5.7% at $8.76. 

PBH by the numbers
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