Australia's PointsBet jumps on provisional Kansas sports betting certificate

PointsBet Holdings

30/08/2022 02:19

** Shares of gambling firm PointsBet Holdings Ltd  PBH.AX 
rise as much as 4.9% to A$3.335, among top five gainers in the
ASX 200 benchmark index  .AXJO 
    ** Co says unit received provisional sports wagering
certificate from the racing and gaming commission of the U.S.
state of Kansas (https://bit.ly/3PXS1Ra)
    ** Adds certificate allows PBH to launch sportsbook
operations in Kansas on Sept. 1
    ** Kansas is PBH's 11th online sportsbook operation in the
United States; PBH generated 47% of its FY22 turnover of A$3.78
bln ($2.61 bln) from the United States (https://bit.ly/3cwUmVu)
    ** PBH stock down ~55% this year, as of last close, vs a
6.4% decline in the ASX 200 benchmark index 
        
($1 = 1.4489 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))