PointsBet expects further windfalls as rugby and footy restart

Business News

The National Football League and the Australian Football League intend to restart the 2020 season on May 28, 2020 and June 11, 2020 respectively.

This will expand PointsBet’s product offering to customers in Australia to include betting on events and sports.

On Wednesday, online sports betting company Pointsbet announced that it has signed an agreement in Australia to become the exclusive gaming partner of Fox Sports AFL (Fox Footy) during the 2020 season.

This highlights that this highlights management’s ability to attract customers and increase betting volume in an effective manner for media assets.

Although Coronavirus 2019 severely interferes with major sports leagues such as NRL and AFL, as noted in Appendix 4C of the third quarter of 2020, the Australian business achieved a record net profit (Net Win) for one month in February 2020, and subsequently In March 2020, net profit was realized again.

The company’s business in Australia continued to grow in the fourth quarter. During the period from April 1 to May 25 (unaudited) in 2020, the Australian business realized a net profit of A $ 18.2 million. Although major sports leagues have been suspended during this period, US companies achieved a net profit of A $ 300,000 between April 1 and May 25 (unaudited) in 2020.

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