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…
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