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DraftKings Submits Superior Proposal to Acquire PointsBet's

Company Reiterates Expectation of Positive 2024 Adjusted EBITDA; Projects Acquisition Will Generate Incremental Adjusted EBITDA in 2025 If Completed.

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iGaming news | PointsBet's US fears spring $150m Fanatics sale

PointsBet said fears over profitability in the US have led it to sell its stateside business to Fanatics for US$150m (A$222m).

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Pointsbet sells US wagering arm to Fanatics for $225m

The ASX-listed company made a $225 million agreement with US firm Fanatics, which involves a cap on further losses.

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Here's why the Pointsbet share price is tumbling 17% on Monday

Here's why the Pointsbet share price is tumbling 17% on Monday
fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.

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Fanatics acquiring U.S.operations of PointsBet

The company founded in Northeast Florida has been working on entering the sports gambling business.

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