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PointsBet Holdings ( (AU:PBH) ) just unveiled an update.
PointsBet Holdings Limited has announced that MIXI Australia Pty Ltd has received approval from the Australian Commonwealth Government to acquire up to 100% of PointsBet. This approval satisfies a key condition of the Scheme Implementation Deed, although other conditions such as Ontario and court approvals are still pending. This development is significant for PointsBet as it could impact its ownership structure and market positioning.
The most recent analyst rating on (AU:PBH) stock is a Buy with a A$0.83 price target. To see the full list of analyst forecasts on PointsBet Holdings stock, see the AU:PBH Stock Forecast page.
More about PointsBet Holdings
PointsBet is a corporate bookmaker listed on the Australian Securities Exchange, operating in Australia and Canada. The company offers innovative sports and racing wagering products and iGaming through a scalable cloud-based wagering platform.
Average Trading Volume: 1,135,043
Technical Sentiment Signal: Buy
Current Market Cap: A$394.8M
For an in-depth examination of PBH stock, go to TipRanks’ Stock Analysis page.
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