PointsBet: Arizona Market Access Update

PointsBet Holdings Limited has announced that Cliff Castle Casino Hotel, a Subordinate Economic Organization of the federally recognized Yavapai-Apache Nation (Cliff Castle), with whom its wholly-owned subsidiary PointsBet Arizona LLC had entered into an agreement to pursue online sports betting market access in Arizona, did not receive a sports betting license awarded by the Arizona Department of Gaming (the ADG) on Friday, 27 August 2021.

Online sports betting was legalized by Arizona Gov. Doug Ducey in April 2021, allowing for up to 20 sports betting licenses (10 for professional sports teams and 10 for tribes in Arizona).

The ADG has not provided any further information as to why Cliff Castle was not selected. Whilst disappointed that Cliff Castle was not awarded a license, PointsBet continues to assess market access opportunities in Arizona.