PointsBet to raise $84m for US expansion

Company to halt trading on Australian Securities Exchange as it carries out new investment process

PointsBet has voluntarily halted trading on its shares today as the sports betting operator looks to raise $84m to fund its ongoing business development. The company is issuing 16.66 million new shares for institutional investors, with funds to be used for marketing and acquisition, product development and US business expansion, including the fitting of new…

Finance | New Jersey | PointsBet