Why this Wall Street billionaire just bought into an ASX minnow - The Australian Financial Review

Jeff Yass took a bankroll made at racetracks and poker tables and built one of the world’s biggest trading firms. Now he’s betting on PointsBet.

But now he has a chance to change that. In a deal announced on Monday, SIG will become the largest shareholder in beaten-up ASX-listed bookie PointsBet, paying $94.2 million for a 12.8 per cent stake… [+6881 chars]

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