PointsBet Gains Access to Online Sports Betting and Gaming Market in Michigan
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PointsBet Michigan, the fully owned subsidiary of PointsBet Holdings Limited, has signed an exclusive agreement with Lac Vieux Desert Public Enterprise and Finance Commission, which is an arm of the Indian Tribe Lac Vieux Desert Band of Lake Superior Chippewa Indians to provide online and mobile sports wagering and gaming in the State of Michigan. The deal awaits the necessary regulatory licenses.
PointsBet Group CEO Sam Swanell said: “PointsBet is pleased to have reached an agreement for both online sportsbook and online casino operations with such a forward-thinking Tribe, and we look forward to many years of great success working together in Michigan”.
James Williams, Jr., Lac Vieux Desert Tribal Chairman, stated: “The Tribe is excited to join forces with PointsBet to further the Tribe’s economic development efforts and expand gaming online as allowable under Michigan and federal law. We are confident that this new opportunity will strengthen the Tribe’s self-sufficiency and self-determination efforts and provide much needed revenue to continue to expand and enhance tribal governmental services as well as provide jobs for the LVD community.”
PointsBet and LVD are also in continued exclusive negotiations regarding the operation of retail sportsbook operations at the Northern Waters Casino Resort, located on the Tribe’s reservation in Watersmeet, Michigan to complement the online offerings.
Source: Latest News on European Gaming Media Network
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