Business
Pointsbet launches raising to fund aggressive US push – The Australian Financial Review
It has warned investors of significant potential headwinds, including the possible disruption of the NFL season because of the coronavirus pandemic.
“These changes have impacted customers’ use of Pointsbet’s products and services, and, in some cases, in particular, in the United States,” the prospectus says.
“Some sporting leagues have recommenced, and some have announced the intention to resume activity. But there is still uncertainty around whether they will be able to successfully execute on those plans on the proposed timeline or at all.”
Nevertheless, the company has raised $200 million through an institutional placement and the new c…
-
Noosa News22 hours agoMajor crash on Gateway Motorway snarls morning commute
-
Business24 hours agoUp 34% this year, can Challenger shares keep rising according to Macquarie?
-
Business20 hours agoThis ASX 200 mining stock is eyeing the lithium throne
-
Noosa News18 hours agoDriver arrested after life-threatening hit-and-run on outskirts of Ipswich, Queensland