US is not materialAs I've said, the US business is pointless. Stars may make money from it, but maybe in 20 years. There are too many legal headaches, too much competition, and too much political pressure.
For anyone selling the stock today, I say you are idiots. If you expected TSG to make money from the US any time soon, you don't understand the industry.
Let us see what TSG has achieved in the last several years in the US:
-Tiny player pool in NJ that averages 100 players a day and likely doesn't cover their costs.
-Bottom ranked casino in NJ.
-License in PA with some dinky casino.
That's it. Yep, after all those millions in lobbying and setup costs and license fees, and all those years of hard work, the net result is....nothing.
For all intents and purposes, TSG is a European/Australian company. The exposure it has to the US is zilch and will continue to be nada for the next decade or more.
The player database that it had for US players is worthless. All those people are older and have moved on from playing poker online.