RE:Market MoversThanks to retired. It's all about:
1. De-risking debt (financial)
2. De-risking consolidation of four companies into one in under a year.
3. De-risking regulatory issues.
4. De-risking loss of Russian players, constituted 12% at one point
5. Impending announcement of Media deal in USA.
6. Impending launch in PA.
7. Impending regulatory changes in various US states.
8. Impending legalization in Brazil.
More to come with guidance adjustments once they launch in PA and sign a media deal. This was probably their best IR presentation to date, and for the first time ever, they are giving a 3-5 yr window of visibility on their future. The market is reacting positively because it is relieved and the stock has never belonged in this position for such a company value.