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BlueBet Expands with New Share Issuance for Asset Acquisition

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BlueBet Holdings Ltd. ( (AU:BBT) ) has issued an update.

BlueBet Holdings Ltd has issued 8,823,529 new fully paid ordinary shares to Merlehan Family Investments Pty Ltd as part of an asset acquisition of TopSport business assets. This strategic move is part of a broader placement plan announced earlier, potentially enhancing BlueBet’s market position and operational capabilities.

More about BlueBet Holdings Ltd.

BlueBet Holdings Ltd is a company operating in the online sports betting industry. It focuses on providing betting services and products, catering primarily to the Australian market.

YTD Price Performance: 16.67%

Average Trading Volume: 413,812

Technical Sentiment Signal: Sell

Current Market Cap: A$213.6M

Find detailed analytics on BBT stock on TipRanks’ Stock Analysis page.

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