Pointsbet Holdings Ltd (ASX:PBH)
A$ 0.965 -0.025 (-2.53%) Market Cap: 319.77 Mil Enterprise Value: 279.84 Mil PE Ratio: 0 PB Ratio: 16.36 GF Score: 77/100
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Q3 2024 Pointsbet Holdings Ltd Activities Report Call Transcript

Apr 24, 2024 / 12:30AM GMT
Release Date Price: A$0.84 (+6.33%)
Sam Swanell
Pointsbet Holdings Ltd - Group Chief Executive Officer, Co-Founder, Managing Director, Executive Director

Good morning, and thank you for joining the Pointsbet Holdings Limited Q3 FY '24 business update. I'm Sam Swanell and joining me on the call today is our Group CFO, Alistair Lui. Please note the Safe Harbor statement. All numbers referred to are unaudited and in Australian dollars unless otherwise stated.

Before we turn to the Q3 results, I would first like to comment on the completion of the sale of the US business and the second capital recurring return, which was announced this morning. On 4 April, the company announced a subsequent completion had occurred following satisfaction of the required conditions, including the final requisite US gaming regulatory approvals.

The company received US $50 million, representing the final installment of the headline purchase price of US $225 million. The Company retains its leading Australian trading business and growing Canadian trading business, together with ownership of Pointsbet proprietary sports wagering racing and iGaming

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