Ann: PBH Awarded Sports Betting Supplier License in Virginia, page-31

They’ve cracked the Australian market and are already profitable with the major players like Sportsbet, Ladbrokes and TAB trying to drown them out. No reason they can’t succeed in the states, management are delivering on promised licenses, apart from Arizona which was disappointing but sounds like it’s only a matter of time before we’re awarded a license there anyway. I remember 5+ years ago the matched deposits for new customers up to $500 and $250 for existing customers with online bookies in Australia, it’s no different in the USA right now. Gotta spend money to make money, it’s unrealistic to think they’ll be profitable overnight in an emerging market