SIG Sports to invest in PointsBet

SIG Sports to invest in PointsBet

Added:
SIG Sports to invest in PointsBet

SIG Sports Investment Corp. is making an investment of 94.2 million Australian dollars to PointsBet.

Based on the deal, PointsBet is going to issue almost 39million shares to SIG Sports at 2.43 dollars for every share.

New shares under the brand’s placement capacity are going to be issued this week.

Once released, the investment is going to introduce 12.8% of the brand’s issued capital, so SIG sports is going to become the largest shareholder.

The board is going to see no reshuffle, but as demanded the notifications are going to be supplied to the gaming providers of PointsBet.

“After spending so many years on assessing the North America market, we are thrilled to announce that SIG Sports will be investing in PointsBet. For a period of time we followed the brand’s journey, and now we have formed a good opinion on their business activities and their management team. We are sure that they have a good potential to expand in the North American market and we have everything to help them.”

stated J. Yass, MD and the co-founder of SIG.

“We are happy to team up with SIG. The cultural alignment of the two brands is great, and the deal is going to support our operators in North America to grow as we strive to become a leader in betting and make the customer experience even better.”

explained B. Paton, the chairperson of PointsBet.

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