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Amaya Inc. T.TSGI


Primary Symbol: AYA

Consumer Cyclical Leisure
The Stars Group Inc is an online and mobile gaming company with poker, gaming, and betting product offerings. These products are offered both, directly and indirectly, under-owned or licensed gaming brands, and the company also owns several live poker tour and events brands. The firm's primary sources of revenue are its online gaming businesses. The company has three segments based on geography: International, United Kingdom, and Australia. Stars Group generates the majority of its revenue...


NDAQ:AYA - Post by User

Amaya Inc. > That Investors Reach a CDN $30 Million Settlement with Star
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Comment by solarman2013on Jan 03, 2020 10:55am
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Post# 30515074

RE:RE:RE:RE:RE:RE:RE:RE:RE: That Investors Reach a CDN $30 Million Settlement with Star

RE:RE:RE:RE:RE:RE:RE:RE:RE: That Investors Reach a CDN $30 Million Settlement with StarStars IR confirmed that the 30M was already taken off as an expense in Q3 and is being reimbursed by insurance as and when claims come in, pending the final judgment in Spring. ie. if only $20M is claimed, that's what Stars pays out, insurance pays the rest and Stars removes $10M from charges taken. If all $30M is claimed (the max), then its a wash for Stars after they get the insurance money. In all cases, they are covered for such claims.
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