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Amaya Inc. T.TSGI


Primary Symbol: AYA

The Stars Group Inc is an online and mobile gaming company with poker, gaming, and betting product offerings. These products are offered both, directly and indirectly, under-owned or licensed gaming brands, and the company also owns several live poker tour and events brands. The firm's primary sources of revenue are its online gaming businesses. The company has three segments based on geography: International, United Kingdom, and Australia. Stars Group generates the majority of its revenue...


NDAQ:AYA - Post by User

Comment by yaymakemoneyon Aug 13, 2019 9:08am
153 Views
Post# 30021253

RE:RE:Buyout at a loss

RE:RE:Buyout at a loss
retiredcf wrote: It seems from the conference call that much of the lowered forecast can be attributed to increased capex spending in order to ramp up their business in PA, NJ etc. The company wants to be a leader in multiple areas so they are spending money to make money. But this long term thinking is running headlong into the daytraders or younger investors who are obsessed with the short term and have no patience. Presumably most of these investors have now departed so we can settle down and see if this longer plan works. GLTA




Not true at all, you are falling for their spin. The market did not buy it, which is why the stock fell 18%, even though it was already trading near 52-week lows.

The increased spending for Foxbet was not something that just appeared out of thin air. They had obviously budgeted for it. The were trying to spin away from the fact that results were so poor across the board.

Also, remember that they already have a full operation running in NJ, it is really just PA where they need to launch. Clearly, Fox is making them pay through the nose for the deal, just like Sky did. TSG will bend over because they have no choice. Their core international business is dying even faster than they expected.
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