Because they are misreading the Amercan market and trying to launch in so many different states.
In a nutshell heres why they are failing:
USA gambling mentality IS NOTHING like Australian gambling mentality. Australians are gambling degenerates.
Not only that but the margins on sport betting are tiny. All the money is made on the racing parts of the app and websites. Americans do not care about horse or greyhound racing even 1/10th like Aussies do.
I have screamed this from the rooftops since it was $14 and PBH starting their aggressive expansion. It was all downhill from there.
Because they are misreading the Amercan market and trying to...
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Last
49.0¢ |
Change
0.025(5.38%) |
Mkt cap ! $161.0M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 49.5¢ | 47.0¢ | $493.8K | 1.022M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 40810 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 127370 | 5 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PBH (ASX) Chart |