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ASX200 slides; SenSen announced a contract with a London Casino; Apollo Tourism & Leisure soars on merger proposal.

  • The ASX200 is trading 0.46% lower after lunchtime at 7350.40 points.
  • SenSen signs a multi-year contract with London-based Hippodrome Casino.
  • Apollo Tourism & Leisure proposes merger with Tourism Holdings Ltd.

The Australian market is following Wall Street?s lead to trade 0.46% lower at 7350.40 after lunchtime as energy and healthcare stocks experience a sharp sell-off.

China?s Evergrande Group has been declared ?restricted default? by Fitch Ratings as it battles to manage over A$420bn in debts, after missing Monday?s deadline to repay $82.5m in bond coupons.

The tech sector is trading more than 1.4% lower today so far, led by Afterpay tumbling 4% while Nextdc, Nearmap, EML Payments and Tryo Payments each shed more than 2%.

Bitcoin is trading 2.66% lower over the last 24-hours at US$48,550.50 at 1:30pm AEDT.

Australian-based leading Sensor AI enterprise SenSen has signed a multi-year contract with Hippodrome Casino in London for the fitting of SenSen AI solutions on the casino?s gaming floors. The contract will generate both upfront and recurring revenues amounting to $430k over the initial 3-year term.

Making headlines, Apollo Tourism & Leisure is soaring more than 23% today after announcing a proposed merger with New Zealand based Tourism Holdings Ltd (thl) via a scheme of arrangement. The proposed transaction will see Apollo shareholders receive 1 fully paid share in thl for every 3.68 fully paid ordinary shares in Apollo, which will see Apollo shareholders own 25% thl shares on issue upon completion of the proposed transaction.

And two Aussie teens have gone viral on TikTok for a stunt in a shopping trolley going wrong when the pair became stuck and required Firefighters to cut them from the trolley.