Ann: COL invests $5M in Fantasy Sports Business-CHP.AX, page-2

Explains the recent big buying IMO, would not be surprised at the least to see money pouring in from across the water for this.

CHP have just tied themselves directly with the family of Stanley Ho, aka 'The King of Gambling' and Macau's richest man with this fantasy sports business deal.

This is similar in magnitude to doing a deal with James Packer. A little bit of research on the fantasy sports business would reveal that two of America's largest fantasy sports businesses, Fanduel and Draftkings, are valued at over $1b each.

When you think about about a 9.76% holding post raising for our wholly owned subsidiary COL, it is absolutely massive. This could be a billion dollar deal in China.

Anyway, CHP is looking much stronger this morning and I see .005 was wiped and is now back on the sell side. Let's see how the rest of the day goes. Certainly bodes well to be investing alongside an entity who has already been there and done that, basically mimicking there investment amount as well - all the licenses etc that the family will already have, this is absolutely brilliant.

This could keep running