- Popular sportsbook PointsBet has acquired Oregon-based horse racing betting operator Premier Turf Club.
- This gives PointsBet access to the Oregon market just in time for the Triple Crown event Preakness Stakes.
- The acquisition was for $3.7 million.
SALEM, Ore. – Local Oregon horse racing betting fans will have a new way to play just in time for the Preakness Stakes event as PointsBet gains market access in Oregon.
This comes following the $3.74 million acquisition of Premier Turf Club, a horse racing betting operator run by the Oregon Racing Commission.
Now PointsBet can supply some of the best horse racing betting odds for local Oregon players during the Triple Crown event.
PointsBet Meets Oregon
The acquisition gives PointsBet full market access as Premier Turf Club already has a betting license in the Beaver State.
As Oregon is home to a strong horse racing betting fanbase, now is the perfect time for PointsBet to gain market access ahead of the Triple Crown event.
“PointsBet is very pleased to join forces with Premier Turf Club,” said Johnny Aitken, PointsBet USA CEO. “The combination of Premier Turf Club’s excellence in the space with PointsBet’s mature market Australian racing expertise favorably 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.”
Premier Turf Club has been in operations for more than 13 years and has amassed a strong base in Oregon since gaining its legal sports betting license.
PointsBet absorbing the company will also automatically bring its strong player base to the app, instantly giving users access to the full PointsBet ecosystem.
“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,” said Todd Bowker, Premier Turf Club’s General Manager. “PointsBet’s history in racing in Australia made them an ideal choice, and we are excited to join their team. We look forward to being 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.”
Premier Turf Club GM Todd Bowker will remain with the company, now becoming the VP of Racing for PointsBet and oversee the department.
The Preakness Stakes event will kick things off on Saturday, May 15. Oregon betting fans have enough time to join the newly launched PointsBet and get in on the action.
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.