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PointsBet revenue soars but higher expenses weigh on bottom line

29th August 2019 7:50 am GMT
PointsBet

Sydney-listed sportsbook operator PointsBet has reported a 173 increase in revenue to AU$25.6m in its maiden set of results as a public company.

PointsBet said that the fiscal year ended June 30th had been a transformational one for the company, as it gained market access in the US, took its first mobile bets in New Jersey, and completed a successful IPO in Sydney in June.

Turnover for the year was up 244 per cent to $567.1m, generating total net [...]

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