Currency in AUD
Last close As at 09/06/2023
▲ −0.01 (−2.50%)
BlueBet Holdings is an online Australian wagering operator founded in 2015. It offers betting products on 31 sports in Australia and internationally via its online platform and mobile applications. Its B2C brands include BlueBet in Australia and ClutchBet in the United States.
|52 week high/low||A$0.6/A$0.2|
BlueBet’s (BBT’s) Q223 results highlighted a robust performance in its primary geography, Australia, against a more competitive backdrop. Good progress was made in the US, with ClutchBet (BBT’s brand) in Iowa performing well after its August 2022 launch. BBT has been awarded a temporary operating licence in Colorado, which is expected to go live in mid-March. Management is exploring partnerships for its B2B Sportsbook-as-a-Solution business as it enters the second phase of its US growth strategy. Management expects net operating cash outflows to normalise in H223.
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