RE:Take overThe smartest money does nothing but buy in a panic market. Stars PR was spot on. It was finally a very strong press release. in fact, i wonder...if you can’t go out and buy a lottery ticket, can’t go to your retail betting shop...can’t go to a live poker event...what can you do? Bet with stars is the answer...
As for Flutter, they too have the cash and their assumption of a 100M EBITDA hit expects things closed to end August, which simply will not happen. I expect May openings. Just wait and see. the Corona virus being demystified and explained, people will take the precautions prescribed, accept the forced closures, but this thing won't last into latter April as all of the remaining areas warm up. have you wondered why northern italy and not southern ? Basically same for Spain, USA, etc...?
Its a corona number 19 and the panic is simply because we have no vaccine. This is being addressed as we speak by numerous agencies worldwide yet the key is just to chillax through this. Only the strongest will survive. And Stars/Flutter are THE strongest in the market. Could be a buy opportunity later though for those who have cash. THE SCORE is dead...