PointsBet Holdings Ltd. (AU:PBH) has released an update.
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PointsBet Holdings Ltd. has successfully completed the sale of its US business to Fanatics Betting and Gaming for $225 million, allowing it to return $442.4 million to shareholders. The company reported strong financial performance, with a 16% increase in total net win and improved gross profit margins. Despite challenges, PointsBet continues to excel in Australia and Canada while restructuring for future growth.
For further insights into AU:PBH stock, check out TipRanks’ Stock Analysis page.
