{"id":264508,"date":"2023-03-15T15:28:43","date_gmt":"2023-03-15T20:28:43","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=264508"},"modified":"2023-03-16T12:27:31","modified_gmt":"2023-03-16T17:27:31","slug":"tabcorp-could-be-latest-firm-eyeing-pointsbet-australia","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/","title":{"rendered":"Tabcorp Could Eye Bid for PointsBet Aussie Operations"},"content":{"rendered":"

PointsBet (OTC: PBTHF) has long been viewed as a potential takeover target — sentiment pertaining to both its Australia and US operations. Speculation is now intensifying regarding the former.<\/p>\n

\"PointsBet\"
PointsBet advertised at an Australian Rules Football game. The company could be a takeover target in Australia and the US. (Image: CNBC<\/em>)<\/figcaption><\/figure>\n

Citing unidentified sources, the Australian Financial Review<\/em> reports that Tabcorp held initial talks with PointsBet regarding a takeover of the latter\u2019s Aussie sports wagering business. If that\u2019s accurate, Tabcorp would be at least the third company to potentially move on PointsBet\u2019s operations in its home country, with the other two being Betr parent NTD Pty Limited<\/a>\u00a0and Entain Plc (OTC: GMVHY).<\/p>\n

A PointsBet spokesman interviewed by the Australian Financial Review<\/em> didn\u2019t comment specifically on discussions with Tabcorp. He did confirm there is \u201cthere is a lot of third-party interest in our company.\u201d PointsBet CEO Sam Swanell remarked similarly on the operator\u2019s fourth-quarter financial update conference call.<\/p>\n

The amount of third-party strategic interest shown in our company demonstrates we have built a very valuable business,\u201d he said during the company\u2019s fourth-quarter financial update. \u201cThis gives us significant optionality around how we take the business forward to maximize value for our shareholders.\u201d<\/p><\/blockquote>\n

Rumors about the potential sale of PointsBet date back at least a year and are widely believed to have been initiated by chatter that News Corp.-backed Betr was looking to bid for its rival.<\/p>\n

What a Takeover Could Mean for PointsBet’s US Ops<\/h2>\n

While rumors regarding the fate of PointsBet\u2019s Australia business are long-running, the same is true regarding the operator\u2019s US unit<\/a>.<\/p>\n

Should a takeover of the company\u2019s Australia outfit materialize, that could increase the likelihood of a similar move for the firm\u2019s US arm. Some potential domestic buyers might not be interested in buying PointsBet outright because they don\u2019t have international operations and don\u2019t want to contend with Australian regulations.<\/p>\n

\n

Additionally, if PointsBet\u2019s Australian unit is sold before a similar move occurs in the US, the price a suitor in the US would pay for just the North American business would be more digestible than the cost of buying the entire company. PointsBet\u2019s market capitalization of $271.54 million is affordable for any number of prospective suitors. That figure pertains to the entire company, meaning that if it\u2019s broken up in the acquisition process, it likely becomes all the more affordable.<\/p>\n<\/div>\n

For US buyers<\/a>, the allure of PointsBet likely boils down to an attractive price tag, the operator\u2019s licenses, and the belief it can effectively add market share \u2013 something the Australian bookmaker has struggled to do in this country.<\/p>\n

What\u2019s Next for PointsBet in Australia<\/h2>\n

It\u2019s unclear which parties PointsBet is holding takeover talks within Australia or how advanced those discussions are. That makes forecasting the next moves difficult.<\/p>\n

Still, the aforementioned suitors are credible. Entain has been on a buying binge<\/a> of late, and executives from the Ladbrokes operator recently commented that acquisitions will remain essential to its expansion strategy.<\/strong><\/p>\n

That statement comes at the same time rumors are flying that Entain itself could be a takeover target at some point this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

PointsBet (OTC: PBTHF) has long been viewed as a potential takeover target — sentiment pertaining to both its Australia and US operations. Speculation is now intensifying regarding the former. Citing unidentified sources, the Australian Financial Review reports that Tabcorp held initial talks with PointsBet regarding a takeover of the latter\u2019s Aussie sports wagering business. If […]<\/p>\n","protected":false},"author":46,"featured_media":239175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10,32093,1,1074],"tags":[81913,81903,81966,81967,80968],"acf":[],"yoast_head":"\nTabcorp Could Be Latest Firm Eyeing PointsBet Australia<\/title>\n<meta name=\"description\" content=\"Tabcorp rumored to be mulling buy of PointsBet Australia unit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tabcorp Could Be Latest Firm Eyeing PointsBet Australia\" \/>\n<meta property=\"og:description\" content=\"Tabcorp rumored to be mulling buy of PointsBet Australia unit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-15T20:28:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-16T17:27:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/PB-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/\",\"url\":\"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/\",\"name\":\"Tabcorp Could Be Latest Firm Eyeing PointsBet Australia\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/PB-scaled.jpeg\",\"datePublished\":\"2023-03-15T20:28:43+00:00\",\"dateModified\":\"2023-03-16T17:27:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Tabcorp rumored to be mulling buy of PointsBet Australia unit.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/tabcorp-could-be-latest-firm-eyeing-pointsbet-australia\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/PB-scaled.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/PB-scaled.jpeg\",\"width\":2560,\"height\":1707,\"caption\":\"PointsBet advertised at an Australian Rules Football game. 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