PointsBet USA investing for in-play with Banach Technology Limited purchase
Prominent online sportsbook operator PointsBet Holdings Proprietary Limited has reportedly signed a deal worth in the region of $43 million that is to see it purchase Irish business-to-business sports wagering platform provider Banach Technology Limited.
According to a Monday report from CNBC, the Australian firm is hoping that the coming acquisition will help its PointsBet USA entity to further expand into the burgeoning American sportsbetting market via enhancements to its live offerings. The source detailed that Banach Technology Limited was established by a team of former Paddy Power employees and provides partners with fully managed or plug-and-play trading solutions that create in-play wagers covering a range of sports including basketball, soccer, baseball and ice hockey.