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- PointsBet’s (PBH) subsidiary, PointsBet New Jersey LLC, has entered a ‘primary skin’ agreement with Twin River Management Group
- This agreement will see PointsBet provide iGaming and online casinos in the state of New Jersey
- However, this is subject to the completion of Twin River’s acquisition of Bally’s Atlantic City Total & Casino in Atlantic City and obtaining all necessary regulatory licences and approvals
- Under the agreement, PointsBet will pay Twin River a portion of the net gaming revenue from the iGaming and casino operations
- The company will also be in charge of all licensing and regulatory costs across the 10-year partnership
- PointsBet has ended the day a slight 0.16 per cent in the green with shares trading for $6.12 each
PointsBet’s (PBH) subsidiary, PointsBet New Jersey LLC, has entered a ‘primary skin’ agreement with Twin River Management Group.
This agreement will see PointsBet provide iGaming and online casinos in the state of New Jersey.
However, this is subject to the completion of Twin River’s acquisition of Bally’s Atlantic City Total & Casino in Atlantic City and obtaining all necessary regulatory licences and approvals.
“PointsBet will be a great addition to our growing partnerships with innovative leaders around the world,” Twin River President and CEO George Papanier said.
“We are also extremely excited to have the opportunity to participate in the best-in-class mobile gaming environment that New Jersey has created and that we believe will being new and innovative offerings to the market,” he added.
Under the agreement, PointsBet will pay Twin River a portion of the net gaming revenue from the iGaming and casino operations. PointsBet will be in charge of all licensing and regulatory costs in a partnership will run for 10 years.
“PointsBet is thrilled to partner with Twin River to offer its online casino product in New Jersey as a complement to its critically acclaimed sportsbook,” President of Product & Technology Manjit Gombra Singh commented.
“PointsBet continues to innovate and iterate upon its proprietary technology profile and this agreement is yet another signal that PointsBet remains focused on providing a modern gaming experience for modern times,” he added.
PointsBet has ended the day a slight 0.16 per cent in the green with shares trading for $6.12 each in a $935.9 million market cap.
