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PointsBet Revenue Set to Fall as VIP Restrictions Hit Australian Business

Posted on: October 14, 2026, 07:38h.

Last updated on: October 14, 2026, 07:38h.

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David Bartram David Bartram is a reporter at Casino.org covering the B2B corner of the global iGaming industry. He has worked in iGaming for more than a decade, writing for EGR and Asia Gaming Brief among others...
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Key Points

PointsBet expects H1 FY2027 revenue to decline 16% as tighter compliance measures reduce betting activity among its highest-value Australian customers
The operator forecasts an EBITDA loss of up to AU$8M
PointsBet's planned Alberta launch remains pending

Australian sportsbook operator PointsBet (ASX: PBH) expects revenue to fall 16% for the first half of its 2027 financial year, as tighter compliance measures reduce betting activity among its highest-value customers.

A PointsBet rinkboard ad during an NHL game at Scotiabank Arena in Toronto. (Image: Julian Avram/Icon Sportswire via Getty Images)

In a trading update, PointsBet forecast group revenue of approximately AU$113 million ($79 million) for the six months ended September 30, down from AU$135 million ($94 million) a year earlier.

The company also expects its normalized EBITDA loss to widen to between AU$6 million ($4.2 million) and AU$8 million ($5.6 million). That compares with a loss of AU$3.3 million ($2.3 million) in H1 FY2026.

PointsBet said the downturn was the result of a “continued strengthening of PointsBet’s compliance standards.”

VIP Betting Restrictions Weigh on Revenue

The operator reported double-digit year-on-year falls in both turnover and revenue from its highest-value customer segment throughout H1.

It said the fall was the result of proactive compliance measures, amid growing regulatory scrutiny of Australia’s gambling industry.

“We believe these have been important decisions to make in the context of an increasingly complex regulatory environment in Australia,” a PointsBet spokesperson said.

The company’s strategy of expanding its mass market sports betting business in Australia was also singled out. PointsBet said that while active customers and betting turnover were up for the period, margin was down as a result of “adverse results” in the Australian Football League (AFL).

Alberta Launch Still Pending

PointsBet’s difficulties in Australia come just over a year after Japanese technology company MIXI acquired a 66.4% controlling stake in the company.

The MIXI deal, completed in September 2025, valued PointsBet at around AU$434 million ($203 million), but its market capitalization has since fallen by more than a third.

Another challenge facing the operator is the expansion of its Canadian business. PointsBet began pre-registration in the province of Alberta in February, but failed to launch on day one of the new market. It has previously said it expects to go live during H2 2026.

It will hope to replicate the success it has enjoyed in Ontario, where revenue was up 13% to AU$34.6 million ($24.7 million) during the first nine months of the 2026 financial year.

PointsBet will publish full results for the first half of its 2027 financial year on 30 October.

David Bartram is a reporter at Casino.org covering the B2B corner of the global iGaming industry.

He has worked in iGaming for more than a decade, writing for EGR and Asia Gaming Brief among others. He was previously a journalist and editor in London, Beijing, Brussels and Hong Kong, for publications including the South China Morning Post, the Guardian and Private Eye.

Outside of journalism, David spent several years as an professional online poker player and sports bettor. He lives in Spain and is a lifelong fan of Brighton & Hove Albion.