PointsBet (ASX:PBH) share price lifts on acquisition news
Kerry Sun | May 10, 2021 10:51am |
More on: Image source: Getty Images
PointsBet Holdings Ltd(ASX: PBH) shares are on the move this morning after the company provided some acquisition news. In early trade, the PointsBet share price is trading 3.54% higher at $14.04.
Let’s take a closer look at the company’s news.
What’s driving the PointsBet share price?
The PointsBet share price is responding positively after the company revealed it is acquiring United States-based account wagering provider Premier Turf Club for US$2.9 million. Premier Turf Club is an active pari-mutuel Advance Deposit Wagering (ADW) operator with a license to operate in Oregon. The company provides legal telephone and online betting services, handling over $375 million in wagers through its online platform since 2007.
Baltimore lawyer buys Princess Diana s bicycle to warn people of royals racist system
The Princess of Wales used to ride the bike around London while she was working as a teacher s assistant.
May 10, 2021 09:10 BST
A United States-based lawyer has purchased an old bicycle that was used by the late Princess Diana, and wants to display it in a museum as a symbol of racism by royalty.
Barry Glazer, a lawyer from Baltimore, paid £57,200 for Princess Diana s bright blue 1970s Ladies Raleigh Traveller which went up for auction in the UK last month. The Princess of Wales used to ride the bike around London while she was working as a teacher s assistant. She had to sell it upon her engagement to Prince Charles as it was reportedly considered unsuitable for a future queen of England. The bike was later dubbed as the Shame Bike, and sold off to one Gerald Stonehill who kept it in his garage for 27 years.
Ki pointed to what he called an “insane” Ethereum-Coinbase premium in a tweet.
“Selling [ETH] now seems not a good idea in the long term. Follow US institutional investors, not against them,” said the analyst.
Still an insane $ETH Coinbase premium.
Selling $ETH now seems not a good idea in the long term. Follow US institutional investors, not against them. https://t.co/mZcGk6Gvrspic.twitter.com/IX8cVP1ppY Ki Young Ju 주기영 (@ki young ju) May 8, 2021
Earlier, he said that U.S. institutional investors are buying ETH using the exchange run by
Coinbase Global Inc (NASDAQ:COIN).
Why It Matters: LikeFolio co-founder Andy Swan said Sunday that there was a flow from
Nuvei sees significant revenue growth in Q1 2021 following e-commerce expansion, acquisition efforts
During the first quarter of 2021, Montréal-based payment processing company Nuvei pulled in revenue of about $150 million USD, an 80 percent increase year-over-year compared to 2020, when it earned just over $83 million.
The revenue total also represented a nearly 30 percent quarterly increase compared to the $116 million Nuvei earned in the fourth quarter of 2020, during which the company saw its strongest period of growth to date. The first quarter of 2021 marks the third quarterly earnings report since Nuvei went public on the Toronto Stock Exchange (TSX) in September, raising $833 million.
Nuvei said it beat its anticipated total volume, revenue, and adjusted EBITDA outlooks.