Pointsbet (PBH) as betting laws are related in the US?
Thoughts on Pointsbet (PBH) with the relaxation of betting laws in the US and recent pullback in price ?
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Answer
Hi Scott,
Like yourself MM likes the evolving business landscape for online bookmaker PBH as they push hard into the US with some really innovative deals, but as is so often the way the stock simply ran a touch too far, too fast. As the global economy opens up alternatives for the “punters money” such as casinos is increasing and the correction looks likely to continue further in MM’s view. We would be buyers in the $10-12 region, but not here.
