RE:Further observer comments on Stars Group recent movesThanks OZ. The retail store issue of WH had been identified on this board as a challenge to deal with should Stars wish to acquire/merge with WH. We can see the reaction to the FOBT issue reflected in the vascillating stock price of William HIll in this past week. Even GVC was hit, though a bit less.
In the end, Stars identity is about online and mobile. It would have been very surprising for them to want anything to do with the retail shops of any remaining company. I for one hope that Stars spending spree is over for the moment, that they consolidate these three companies into their fold properly and efficiently, and that we start to see the huge upside in EPS in 2019. Before they prove that they can absorb so much, I would not be a fan of yet another acquisition of any party, specially that they are mostly limping. GVC has also acquired a lot so it would be for others to be picking up the leftovers at this point and this becomes a game of user acquisition cost. Given that Stars now has two low cost user acquisition channels for its higly profitable casino sector, why not just do it yourself where possible? If SCOTUS rules in our favor, watch them act swiftly using their New Jersey base to enter the US sports betting arena in a big way...specially if either Comcast or FOX win the bidding for SKY network and do a similar deal in the USA...