- PointsBet Holdings (PBH) secures market access in the US state of Maryland after signing a strategic partnership with The Riverboat on-the-Potomac
- The parties will provide online and retail sports betting in the state for ten years
- This follows last month's legislation that allows both online and retail sports betting
- However, the agreement is subject to necessary regulatory approvals and licensure
- Ahead of market open, PointsBet last traded at $13.47 per share
PointsBet Holdings (PBH) has secured market access in Maryland in the United States following a strategic partnership.
Last month, Maryland Gov. Larry Hogan signed legislation that allows both online and retail sports betting in the state.
Following this, PointsBet subsidiary, PointsBet Maryland, entered into an agreement with The Riverboat on-the-Potomac to provide online and retail sports wagering the state of Maryland.
The agreement is for 10 years but is subject to necessary regulatory approvals and licensure.
"With terrific partners in The Riverboat on-the-Potomac, PointsBet is thrilled to begin the process toward offering the passionate, sports-loving community of Maryland with the fastest and most differentiated sports betting product across every customer touchpoint," PointsBet USA CEO Johnny Aitken said.
"We’re excited about this new endeavour and are proud to be partnering with a company that understands and believes in the value of inclusiveness in every facet of the industry, from the owners to the bettors," Co-Managing Member of the
Riverboat Group Winston DeLattiboudere said.
"I am also grateful to the Maryland General Assembly for passing legislation which helped to make this enormous opportunity a reality."
Ahead of market open, PointsBet last traded at $13.47 per share.