PBH +3.54%: the sports wagering business bounced today after announcing pre-registrations had opened in New York ahead of the final approvals from the New York State Gaming Commission. While the launch isn’t expected until the end of the month, PointsBet have been authorised to get the ball rolling. They also announced a deal with the NHL Alumni Association, the largest membership group of retired NHL players in Canada. The partnership will promote safe wagering working in tandem with PointsBet’s agreement in the NHL. While it’s been a very tough period for PBH in terms of share price, and the position is our weakest of the Emerging Companies portfolio, we do remain positive that the business has got operational momentum in a large, albeit competitive market.
MM remains optimistic on PBH
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