Brief: Pointsbet Says Pointsbet USA And NBCUniversal Media To Amend Agreement

PointsBet Holdings

30/01/2023 22:55

Jan 31 (Reuters) - Pointsbet Holdings  PBH.AX :
    * POINTSBET USA AND NBCUNIVERSAL MEDIA TO AMEND MEDIA
SERVICES
AGREEMENT
    * UNDER AMENDED AGREEMENT, REMAINING COMMITTED MARKETING
SPEND FOR
YEARS 3 TO 5 OF ORIGINAL AGREEMENT WILL BE INVESTED OVER
ADDITIONAL 2 YRS
    * TOTAL COMMITMENT FOR CURRENT YEAR IS US$50 MILLION
    * MAINTAINS PREFERRED PRICING BENEFITS AND INTEGRATION
EXCLUSIVITY
IN SPORTS BETTING CATEGORY AT A LOCAL AND REGIONAL LEVEL
    * SEES US MARKETING EXPENSE FOR FY23 TO BE CIRCA US$90
MILLION
    * TOTAL COMMITTED MARKETING SPEND FOR REMAINING 5 YEARS (28
AUGUST
2022 TO 27 AUGUST 2027) IS US$294 MILLION

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