Business
Why the PointsBet (ASX:PBH) share price shot up 7% today
The PointsBet Holdings Ltd (ASX: PBH) share price just hit the proverbial jackpot. At close of trade today, the online bookmaker’s shares were trading for $13.93 – up 7.32%. The upwards movement came as the company announced it was strategically placed to deal with upcoming regulatory hurdles.
For comparison, the S&P/ASX 200 Index (ASX: XJO) finished the day up 0.84%.
Let’s take a closer look at today’s news and how it might have affected the PointsBet share price.
Illinois reverts back to in-person betting
The PointsBet share price flew today. In a statement to the ASX, PointsBet confirmed the US state of Illinois would no longer suspend rules on in-person registration for online betting. The regulation, which was signed…
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