PointsBet USA has entered into a binding agreement to acquire pari-mutuel Advance Deposit Wagering operator Premier Turf Club for US$2.9 million. The transaction is subject to customary completion conditions and is expected to close later this month.
Premier Turf Club has been in business for over 13 years with the website BetPTC.com. BetPTC.com is overseen by General Manager and long-time industry executive Todd Bowker, who will become Vice President of Racing for PointsBet USA.
“PointsBet is very pleased to join forces with Premier Turf Club. The combination of Premier Turf Club’s excellence in the space with PointsBet’s mature market Australian racing expertise favourably positions us as we prepare to enter the U.S. horseracing market. Today’s noteworthy acquisition complements our in-house approach while growing our premier product suite, and we are excited to welcome Premier Turf Club to the PointsBet team,” PointsBet USA CEO Johnny Aitken said.
Premier Turf Club’s extensive industry expertise and relationships, customer-focused operations, and excellent reputation will be of immediate value to PointsBet as the Company looks to continue to its proven track record of entering new markets with premium products while accelerating client value and growth in the US.
“As Premier Turf Club was exploring options for how we might enter the sports betting market, we realized early on that we wanted to partner with a highly regarded and experienced operator. PointsBet’s history in racing in Australia made them an ideal choice, and we are excited to join their team. We look forward to be able to offer sports wagering to our customers in jurisdictions where legal, and to expose PointsBet’s customers to the excitement of betting on racing,” Todd Bowker, General Manager of Premier Turf Club, said.
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