Australian and US sports betting operator BlueBet Holdings has launched its ClutchBet brand in its third US state after securing a licence in Louisiana.
After going live in Iowa and Colorado, ClutchBet has taken its first bets in Louisiana through a partnership with Rubico Acquisition Corporation, owner of the Louisiana Downs casino and horse racing track.
“Going live in Louisiana, our third US state, caps off another strong 12 months for BlueBet, as we execute our ‘Capital Lite’ US market entry,” said BlueBet CEO Bill Richmond. “As we land and expand in each new US state, we continue to refine and enhance our approach, which is delivering faster growth and making us even more capital efficient.
“This is further enabled by our proprietary ‘BlueBet Global Platform’, which provides unique scalability and multijurisdictional capabilities. This launch brings us closer to completion of the first stage of our ‘Capital-Lite’ US market entry strategy, as discussions progress with multiple potential partners for our white labelled B2B Sportsbook-as-a-Solution offering.”
Shares in BlueBet Holdings Ltd. (ASX:BBT) fell 8.16 per cent to close at AUD$0.22 per share in Sydney Wednesday.