PointsBet full-year revenue rises 159% as losses widen

Australian operator hails “transformational” 2021 despite 350% increase in annual losses

PointsBet has reported a 159% year-on-year rise in revenue for full year 2021 to A$194.7m (£103.6m). Publishing its latest set of financial results, the ASX-listed operator confirmed a 201% increase in gross win to A$353.1m amid a 228% jump in handle, which grew to A$3.78bn. Gross profit for the firm skyrocketed 129% to A$87.6m during…

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