PointsBet Holdings saw its share price jump by over 10 per cent Monday after the company dismissed rumours of an imminent sale.
The Sydney-listed betting and gaming operator issued a statement on Monday in response to a media report on 8 November which claimed that the company could soon be acquired by investors in Asia for AU$300 million.
“Generally, PointsBet does not comment on rumour or speculation,” said the company. “However, the company confirms that it is not in discussions as suggested in the article.”
Shares in PointsBet Holdings Ltd. (ASX:PBH) gained 10.17 per cent to close at AU$0.98 per share, having set a new 52-week high of $1.03 per share earlier in the day.