RE:RE:870 million reversal of Kentucky judgement The court of appeals DEMOLISHED the case against the State. The State had no choice but to appeal. As Goldstein has said, Stars is still willing to accept a reasonable settlement. However, if the State insists on waiting for an SC ruling, then so must Stars. If SC rules that the case is not worth hearing, given how destructive and complete the Appeals court ruling was, then the stock will jump some more since this is just more uncertainty taken off the table.
So while no effect on profits, it has a huge effect on relieving Stars C-suite from spending any time or money on it and working on more productive things.