Australia represents the highest per capita gambling spend in the world, with 64 percent of Australian adults estimated to participate in some form of gambling each year. As such, the betting industry is highly competitive and tightly regulated. The Melbourne Cup takes place each November and is ...
PointsBet, whose shares are traded in Australia, is expected to hold a shareholder vote on the deal in late June. Only PointsBet's U.S. assets are part of the deal. Fanatics will plan to fund some of the remaining cash flow burn from PointsBet, which has had to spend heavily on market...