The US market was long viewed as the white whale of the sportsbetting industry, but five years on from a landmark 2018 Supreme Court ruling which turned fiction into reality, those chasing the big win have copped the biggest losses. Ironic, huh? For Australian sportsbetting company PointsBet (ASX: PBH), today’s sale of their US operations
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Funeral services company InvoCare Limited (ASX: IVC) has received a revised proposal from private equity company TPG Capital Global regarding the potential acquisition of all the issued capital of InvoCare. This revised proposal comes after an unsuccessful attempt by TPG last month. Previously, TPG made an offer InvoCare simply could refuse. The Company found the
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After experiencing a lull in FY22, Fintech company Findi Limited (ASX: FND) has announced its financial results for the full year ending on March 31, 2023, surpassing expectations and achieving significant growth. The Company reported revenue of $54.5 million, exceeding the forecasted $50 million. This success translated into an EBITDA of $16.8 million, surpassing the
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The XJO is expected to open flat this morning following another tumultuous night of trading in the U.S on Friday which saw their market finish slightly lower by close. Their futures have moved into the red however, and if they remain so during our session today, it will be hard for our market to remain
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Aussie gaming tech company Ainsworth (ASX: AGI) is set to rein in the profits as historical horse racing picks up steam globally. Based on current forecasts, the Company expects to report a profit before tax of approximately $20 million, excluding currency impacts and one-off items, for the six-month period ending on June 30, 2023. Ainsworth’s
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While Australia makes the driest inhabited continent in the world, finding an adequate supply of water is an essential part of running the daily operations of 800 mining sites across the country. Historically, the water used in mining sites contains high amounts of toxins, which other than creating a significant volume of wastage also negatively
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