Australia's BlueBet gains on solid quarterly results, outlook

Betr Entertainment

31/10/2023 03:25

** Shares of BlueBet Holdings  BBT.AX  up 8.1% at A$0.20,
set for best day since Sept. 27, if gains hold
    ** Online wagering provider and bookmaker says record
turnover of A$150.7 mln ($95.72) in Q1, a 13.1% rise on pcp
    ** Co sees its Australian business to be operating
cash flow positive for FY24 
    ** BBT stock at its highest level since Oct. 24
    ** Stock down 49.3% YTD as of last close
    
 


($1 = 1.5743 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))