Sold my stake. On the sidelines for now. I just don’t see too many investors buying this stock right now. The loss of the Russian market would be devastating. That’s a 100+ mil in revs alone and won’t be made up by the segregated Indian market. The potential loss of the Russian player pool would be felt across their entire platform. Guarantees would have to be lowered on most tournaments. That’s why their 18’ guidance was so weak. They’re anticipating losing that market. It’s their single largest market at about 8%.
Until there is clarification on this and the KY resolution I wouldn’t touch this stock.