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Another blow for BlueBet’s US expansion plans… anyone a BlueBet investor?

  • The ASX200 closed 0.07% higher on Monday at 7528.5.
  • BlueBet tumbled 14% on withdrawal of application in State of Virginia.
  • Qantas rallied after Singapore announced German travel bubble.

The Australian market overturned morning losses to close higher at the end of Monday’s session as strong gains for the gold miners offset heavy losses in the energy sector.

The tech sector started the week in positive territory, closing Monday’s session higher as Appen surged more than 4% and Technology One added 2.19%.

Bitcoin is trading 4.38% higher over the last 24-hours at US$51,808.19 at 4:25pm AEST ahead of the world’s largest cryptocurrency becoming legal tender in El Salvador tomorrow.

Australian online betting giant BlueBet has been dealt with yet another blow on the US front which plunged its shares more than 14% to start the week. Following advice from Virginia Lottery regulators, BlueBet withdrew its ‘application for a Sports Betting Permit in the US State of Virginia and all applications will be refunded’.

Making headlines, Qantas shares rallied today after Singapore announced it’s preparing to launch a travel bubble with Germany for vaccinated Europeans. The flying Kangaroo benefited from the news as Singapore is one of Qantas’ first stops planned for travel in the coming months.

And Ferrari has filed a new patent indicating the Italian luxury automaker is considering introducing an intelligent climate control system to keep the different areas of the car at an optimal temperature by sensing the driver’s body temperature.

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