PointsBet, Rush Street Interactive Considered Takeover Targets

Amid expectations that 2023 could be a year of significant integration activity inwards the sports wagering industry, PointsBet (OTC:PBTHF) and Benjamin Rush Street Interactive (NYSE:RSI) remain potency takeover targets, according to market place observers.

Both operators hold long been tied to mergers and acquisitions speculation, but those rumors make remained simply that as no more deals have got materialized and both firms remain independent entities today. With analysts forecasting an uptick inwards takeover activity this year, that could change. PointsBet CEO Sam Swanell lately noted some suitors feature uttered interest inward the Australia-based gaming company.

The amount of third-party strategical interest shown inward our keep company demonstrates we get built a rattling worthful business,” he said during the company’s fourth-quarter financial update. “This gives us significant optionality around how we accept the stage business frontwards to maximize note value for our shareholders.”

PointsBet’s Commonwealth of Australia and US operations have got both been the subjects of takeover chatter.

Why PointsBet, RSI Could Be Attractive Targets

Regarding PointsBet, the manipulator could follow an interesting mark because it’s constituted in the attractive US securities industry though its boilersuit market place share is small.

Combine PointsBet’s current US licenses and marketplace capitalisation of just now $309.48 million, and it could live an affordable target for a emptor that believes it tin spread out the operator’s domestic help footprint. William Penn Entertainment (NASDAQ: PENN) would follow a victor in a PointsBet takeover because the regional casino manipulator owns an equity stake in the Aussie firm.

Specific to Rush Street Interactive, that company’s securities industry economic value is $860.23 trillion — palatable for any identification number of larger suitors. It’s also nearing profitability, making it all the more attractive to would live buyers. The operator also offers an attractive mingle of US and Latin America exposure.

RSI operates below the BetRivers and PlaySugarHouse brands, and is currently uncommitted with nomadic or retail businesses inwards Canada, Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, New York, Pennsylvania, Virginia, and Rebecca West Virginia. The society is also ace of the largest sportsbook operators in Republic of Colombia and Mexico.

Interesting RSI Rumors

RSI went public inward 2020 followers a black eye merger with a special purpose acquisition companion (SPAC). Since then, it’s been a rumored target for some big-name suitors. That twaddle could compound due to the operator’s iGaming exposure, which is in demand(p) and significantly to a greater extent profitable than online sports wagering. Should even out a small identification number of states approve cyberspace casinos this year, RSI takeover verbalise could win momentum.

Previous conjecture indicated ESPN and Fanatics expressed stake inward getting RSI, but no sell came to life. It’s possible those companies revisit possibilities with RSI or that other entities receive involved.

“There’s also been venture that private-equity unbendable Apollo Global Management could scoop up upward RSI as it looks for a sports-betting manipulator to merge with its Yahoo Sports assets,” reports Insider.

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