BlueBet Holdings has reported a full year turnover of $645.1 million up 116% to the previous year.

Gross win margin was up 14.2%. Net win margin was up 10.4%. Net win was $ 67.4m up 120% from $30.7m.

BlueBet Chief Executive Officer, Andrew Menz, commented: “We have continued to deliver on our commitments to the market since the Merger and have reached normalised EBITDA positivity ahead of schedule. Our rapid and highly successful business integration and customer migration again demonstrated our credentials when it comes to strategic M&A.

“Our momentum has continued into the second half with our base business and the acquisition of TopSport presenting an attractive opportunity to accelerate our scale and to again deploy our repeatable integration and customer migration playbook. “Our strategic consolidation of the Australian wagering market continues with our recent compelling offer for PointsBet, which is materially superior to the proposal recommended by the PointsBet board. We will release further details of our proposal in the coming days.”