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The latest announcement is out from BlueBet Holdings Ltd. ( (AU:BBT) ).
BlueBet Holdings Ltd has successfully completed the acquisition of TopSport’s assets, showcasing its repeatable M&A model by migrating TopSport customers to the betr platform swiftly and securely. This acquisition is expected to be significantly earnings accretive, bringing BlueBet closer to its market share goals and realizing approximately $9 million in cost synergies. The transaction structure allowed for a seamless integration, enhancing the wagering experience for customers and adding TopSport’s CEO to BlueBet’s management team. The company is now focusing on further growth opportunities, including a proposal to acquire PointsBet, which has been positively received by PointsBet shareholders.
More about BlueBet Holdings Ltd.
BlueBet Holdings Limited, trading as ‘betr’, is a digital wagering operator listed on the Australian Securities Exchange (ASX). The company focuses exclusively on the Australian wagering market and is led by a world-class board with prominent figures from the Australian wagering industry.
YTD Price Performance: 16.67%
Average Trading Volume: 413,812
Technical Sentiment Signal: Sell
Current Market Cap: A$213.6M
For an in-depth examination of BBT stock, go to TipRanks’ Stock Analysis page.