Ann: Q2 FY21 Investor Presentation, page-23

Fair comment

I think it's important to note that the US Gross Win Rate is almost 8% (similar to AUS - which Net Win is killing it) and the cash-burn is due to marketing costs/promotions, which is easily addressable.

I think if you were seeing a lot lower Gross Win Rate in US vs AUS (i.e. 3-5%) that's when you get worried because it means the punters in the US are 'beating' the algorithms/bookies which is something that is hard to address. Variability as always but no signs that the US odd makers are losing

Looks like a lot of buyers at the open, 3-4% jump in SH at the open it is indicating. I can see this closing $16.50+ today