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Amaya Inc. T.TSGI


Primary Symbol: AYA

Consumer Cyclical Leisure
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

Amaya Inc. > That Investors Reach a CDN $30 Million Settlement with Star
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Comment by solarman2013on Jan 03, 2020 3:39pm
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Post# 30516387

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE: That Investors Reach a CDN $30 Million Settlement with Star

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE: That Investors Reach a CDN $30 Million Settlement with StarSure no problem, dufus. Here's the entire email from IR at Stars. I believe this is all public information, as you and he pointed out. I was simply answering a question posed on the board.

"Hi S*********,

This was expected, and outlined in our Q3 financial statements in note 11 / p24 here (https://s1.rationalcdn.com/vendors/stars-group/documents/financial-information/financial-results/Q3-2019/TSG-3Q19-Financial-Statements.pdf)
Given that it was expected, we took a provision to the P&L (ie it was an expense in the period), and recorded a corresponding receivable from our insurance carrier (ie the cash outflow will be offset by an inflow from our insurance carrier). 
The issue / item is not in any way material to the company, so we would not announce or comment on such a small item individually. 

If you have further comments or suggestions around our IR activities, we would welcome any suggestions, or I would be happy to arrange a call.
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