by Stuart Condie
SYDNEY – Corporate bookmaker PointsBet Holdings Ltd. is discussing a possible sale of its Australian trading business to the operator of local bookmaker Betr.
PointsBet, which listed in Australia on Wednesday, said it was in discussions with privately held NTD Pty. Ltd., which said the talks were preliminary and incomplete, did not report any terms.
PointsBet said: “PointsBet advises that, as part of its daily business, it regularly explores options to maximize shareholder value, including evaluating third party proposals received from time to time.”
PointsBet, which also operates in the US, Canada and Ireland, said it confirmed the talks in response to media reports in Australian newspapers on Friday.
PointsBet shares are down 33% so far in December and 81% so far in 2022.
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