PointsBet: New Prospects and Growth

PointsBet, one of the leading players in the world of gambling, has announced an increase in its EBITDA guidance for the full financial year. This follows a forecast of smaller losses in the current financial year. Normalized EBITDA loss is expected to be between $4 million and $6 million, down significantly from the previous estimate of $9 million to $14 million. This indicates the positive dynamics of the company's development.

PointsBet attributed this improved performance to continued trading growth in the second half of the year. The company also noted improvements in operations and productivity. Sam Swanell, CEO of PointsBet, said this achievement is especially impressive given the sale of the US business last year.

The company is focused on investing in core technology offerings and products. Investment in continued growth, as well as huge marketing investments, will drive market share growth and ensure future success, Swanell said.

The sale of PointsBet US had a positive impact on the company's operations. The first half of the year was the first time the company showed positive EBITDA, and its net loss fell by 79.6%. Through the deal with Fanatics Betting and Gaming (FBG), PointsBet has strengthened its position in the US market and expanded its presence in many states.

Since the FBG deal, PointsBet has continued to capture new markets. It should be noted that launching in New Jersey gives access to 95% of the US online market. This confirms PointsBet's commitment to continuous growth and development, making the company one of the key players in the gambling industry.