Australia's Bluebet Holdings posts best intraday session as co secures Indiana market access

Betr Entertainment

28/06/2022 05:51

** Shares of online bookmaker Bluebet Holdings  BBT.AX  rise
as much as 42.6% to A$0.67, logging their biggest intraday pct
gain on record
    ** Bluebet says its Indiana-based unit signs a 10-year
online market access agreement with Caesars Entertainment's
Horseshoe Hammond casino  urn:newsml:reuters.com:*:nASX2p7nwB
    ** Expects to take first bets in the U.S. state of Iowa in
the coming weeks, followed by Colorado and Louisiana in Q2 FY23,
and Indiana in H2 FY23 
    ** Co to launch its U.S. business-to-consumer brand
ClutchBet with market access now secure in four states
    ** Shares hit their highest level since May 9, and are set
to extend gains into a third straight session
    ** More than 590,000 shares change hands, compared with the
30-day average volume of about 305,000 shares
    ** Stock down 68% this year, as of last close
    
    

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))