in the US<\/a>.<\/p>\n\n\n\nPointsBet saw a 75 per cent rise in its US turnover ($1.05bn) and a 32 per cent increase in its US gross win ($41.6m). The company attributed this to its strong trading performance in October and November, driven by in-play betting, which made up 53 per cent of its handle. The number of active clients in the US rose 39 per cent from the previous year. <\/p>\n\n\n\n
In Australia, the company’s turnover increased by 29 per cent to AU$938.5m, with a slight rise in gross win to $93.5m. PointsBet recorded $80.4m in turnover in Canada, up 284 per cent from the previous quarter.<\/p>\n\n\n\n
PointsBet also experienced an increase in operating costs, including a 50 per cent quarter-on-quarter rise in the cost of sales to $61.3m. Marketing expenses rose to $67.5m, but the company expects its full-year marketing expenses to decrease to around $90m compared to $118m in full-year 2022.<\/p>\n\n\n\n
Earlier this month, PointsBet announced it is in talks to sell its Australian arm to NTD Limited<\/strong>, the News Corp-led business behind Australia’s Betr brand.<\/p>\n","protected":false},"excerpt":{"rendered":"Turnover in Australia increased 29 per cent to $938.5m, with a gross win up slightly to $93.5m.<\/p>\n","protected":false},"author":176,"featured_media":32940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PointsBet reported a 56% increase in Q4 2022 turnover to AU$1.33bn, primarily driven by robust US market growth (75% rise in turnover, 39% increase in active clients) and significant Canadian expansion. Concurrently, the company is engaged in discussions to divest its Australian operations to NTD Limited, a News Corp-led entity, signaling a potential strategic pivot.","focusai_entities":"PointsBet, NTD Limited, News Corp, Betr","focusai_location":"Australia, United States, Canada","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.7), affiliate_publisher (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"US Market Strategy","query":"What specific strategic initiatives or product enhancements, beyond in-play betting, are driving PointsBet's robust US market growth and active client acquisition, and how sustainable are these trends given increasing competition?"},{"label":"Australian Arm Divestment","query":"What are the anticipated financial and operational implications for PointsBet's remaining North American operations following the potential divestiture of its Australian arm, particularly concerning capital allocation and market focus?"}],"footnotes":""},"categories":[16336,163],"tags":[],"class_list":["post-777002012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777002012"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002012\/revisions"}],"predecessor-version":[{"id":777002039,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002012\/revisions\/777002039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}