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Good morning,

Billionaire Adrian Portelli is facing a challenge to the legality of the lottery business run by his company Xclusive Tech, after being charged personally with nine counts of conducting or assisting in an unlawful lottery.

The price of bitcoin could exceed $US120,000 ($186,000) by early 2025 , experts say. And a Donald Trump-inspired boom is set extend after the cryptocurrency rocketed through the $US100,000 barrier for the first time.

The ex-chairman of an ASX-listed telco had been offloading his shares in Vocus for days before going “all in” with another company when he traded holdings worth about $25m, a court has heard.
Perry Williams
Business editor
The markets


Making news this morning
1
Mines can be ushered through without climate consideration
An approval path has been cleared by Canberra to expand three significant coal mines without the need to consider their potential impact on climate change.
2
HMC’s $950m splash on energy transition
HMC Capital will buy Neoen’s wind, solar and battery assets in Victoria, but warns of two barriers to reaching the nation’s ambitious renewables goal.
3
Challenger lifeline for Elanor as it works to get back on ASX
Challenger will leave $3bn of commercial property under smaller manager Elanor’s control as attempts are made to stabilise its operations.
Editor's picks
AVIATION
‘An awful experience’ – the truth about flying with a disability
Mandatory wheelchair spaces, hoists at every gate, and basics like bathroom access are just some of the changes needed, as a new campaign about how hard it is for people with a disability to fly is launched.
By ROBYN IRONSIDE
MARGIN CALL
Odd ACU move just a fait accompli
There’s been a reneged appointment, low morale and even an archbishop is miffed with the ACU, but the PR puff about its reappointed Vice-Chancellor reckons he brings stability.
By YONI BASHAN, NICK EVANS
Commentary
Wesfarmers’ plan to take Anko to the world stage
By ERIC JOHNSTON
Associate Editor
A generational shift is well under way at Rob Scott’s retailing conglomerate, Wesfarmers, and this opens opportunities for the breakout Anko brand.
We must defend Eureka legacy of a fair go for all
By CHRIS MERRITT
Legal Affairs Contributor
It was exactly 170 years ago this week that brave men died inside the Eureka Stockade after pledging, under the flag of the Southern Cross, to fight for their rights and liberties.
DataRoom
→ Airports sale extends into the new year
The auction for the North Queensland Airports Group is believed to have been pushed out until the new year, but establishing just who is a legitimate buyer will be the first challenge.
→ First bids for CDC Data Centres within weeks
First-round bids for a $2bn stake in CDC Data Centres are due before Christmas and the process concludes next year, sources say.
→ ESR bid catalyst for change at Cromwell Property
The $US7bn privatisation bid for ESR is expected to be a catalyst for change at Cromwell Property, with the target likely to accelerate plans to sell its 30 per cent interest in the Australian listed real estate company.

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