RE:RE:RE:Stars Group, Draft Kings, other to buy The Score app?I agree that the market is crowded. I believe the Stars brand will allow to bring back to life a huge following that existed prior to the black friday. I do not believe that Fantasy players can translate into sports betters. My sons all have dabbled in fantasy and got bored quickly and left. Fantasy has a very high turnover and very low betting value. I may be wrong (again), yet I think that the PokerStars brand is very tall still in US memories and simply needs a first state (New Jersey) in which to show its cross platform prowess.
They are now highly leveraged (again) and I believe would be hard pressed to justify yet another acquisition. Organic growth from all the companies they acquired, plus geographic expansion of the platforms that exists, will provide a very healthy payback on debt and then free cash flow. The markets will require substantial investment at first, and why I say they have all they need is due to the fact that the Crownbet and SKY platforms are all well admired in their markets, so they have the luxury of choice...