PointsBet, the Australia-founded bookmaker, has appointed William Grounds as an independent non-executive director. Grounds brings a wealth of international business and governance experience to the company, particularly in the areas of US sports betting, gaming, and casinos. With his deep understanding of the iGaming market and extensive background in strategy execution and oversight, Grounds is poised to contribute to PointsBet’s expansion in the rapidly evolving North American market. The appointment comes at a strategic time as PointsBet aims to further strengthen its presence in the US following successful launches in several states and high-profile partnerships with major sports leagues and media giants.
Impressive Track Record and Industry Expertise:
William Grounds, the newly appointed independent non-executive director of PointsBet, has an impressive background in the gaming and entertainment industry. Prior to joining PointsBet, he served as the president and chief operating officer of Infinity World Development Corp, an affiliate of Dubai World. During his tenure, Grounds led a $7 billion joint venture investment with MGM Resorts International in the development of the CityCenter Resort & Casino in Las Vegas. His experience in overseeing large-scale projects and joint ventures has provided him with invaluable insights into the complexities of the industry.
In addition, Grounds served as a non-executive director of MGM Resorts International from 2013 to 2021, where he played a key role in the formation of the BetMGM venture with Entain. This partnership was established following the repeal of the Professional and Amateur Sports Protection Act (PASPA), granting individual states the authority to legalize sports betting. Grounds’ involvement in this venture has given him a deep understanding of the US iGaming market, along with expertise in governance, strategy, and execution.
Expanding Presence in the US iGaming Market:
PointsBet’s appointment of William Grounds as an independent non-executive director aligns with the company’s ambitious plans to expand its operations in the US iGaming market. Following successful launches in states such as New Jersey, Iowa, Illinois, and Colorado, PointsBet aims to solidify its position and capitalize on the growing demand for online sports betting and gaming in the country. Grounds’ extensive experience and industry knowledge make him a valuable addition to the board, providing valuable insights and guidance as PointsBet continues its US expansion.
Strategic Partnerships and Growth Opportunities:
PointsBet has already made significant strides in the US sports-igaming sector through strategic partnerships with major sports leagues and media companies. The bookmaker has secured partnerships with the NFL, NBA, MLB, NHL, and PGA Tour, allowing it to establish a strong presence within the sports betting landscape. However, its most significant partnership to date is with NBC Sports, a subsidiary of Comcast. This landmark agreement, valued at $500 million, positions PointsBet as the exclusive provider of odds, props, and trends across NBC Sports’ linear and digital channels, including its popular Peacock streaming service. This partnership provides PointsBet with unparalleled exposure and the opportunity to reach millions of sports fans across the United States.
The appointment of William Grounds as an independent non-executive director underscores PointsBet’s commitment to strengthening its presence in the US iGaming market. Grounds’ extensive industry expertise, international business experience, and deep understanding of the US sports betting landscape make him an invaluable asset to the company. With his strategic insights and governance acumen, PointsBet is well-positioned to capitalize on the ever-evolving North American market. As the company continues to expand its operations, forge new partnerships, and enhance its product offerings, William Grounds’ guidance will be instrumental in driving PointsBet’s success in the dynamic and highly competitive US iGaming industry.