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PointsBet enters US racing market with Premier Turf Club acquisition

10th May 2021 9:46 am GMT
Playtech

Sydney-listed PointsBet has agreed a deal to acquire US-based advance deposit wagering (ADW) operator Premier Turf Club.

PointsBet will acquire the pari-mutuel wagering operator through its wholly owned subsidiary PointsBet USA for $2.9m, with the transaction expected to close later this month.

The acquisition will position PointsBet in the growing US racing market, where Oregon-licensed Premier Turf has operated for more than 13 years through its BetPTC.com website.

As part of the acquisition, BetPTC.com general manager Todd Bowker [...]

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