Australia’s publicly listed wagering companies have been caught up in the sudden slump in the Australian stock market with Tabcorp, PointsBet and BlueBet all falling in value on Monday.
Over $100 billion was wiped off the value of the ASX by 11:30am on Monday, with the ASX200 falling 4.6 per cent, in reaction to the trade and tariff wars which emerged after US President Donald Trump’s “Liberation Day” tariff announcement last week.
While the ASX recovered some of those losses through the day, the Australian market is nervously awaiting the stock market trends in the United States on Monday.
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