The Stars Group: Fox Buy-In Reflects Confidence In Our Thesis [Seeking Alpha]
THE STARS GROUP INC (TSG)
Last the stars group inc earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
starsgroup.com/the-stars-group/investor-relations/financial-and-corporate-information
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Source: Seeking Alpha
The Stars Group: Fox Buy-In Reflects Confidence In Our Thesis Summary We have followed TSG with a bullish outlook since its transformation from troubled Amaya in 2016. Mr. Market was wary about the leverage and execution, but we like management's focus on scaling up fast in the online wagering space. It has diversified from its overdependence on poker to stress on casino and sports betting as a key part of its future. "Not everything that can be counted counts, and not everything that counts can be counted." - Albert Einstein Note: A more detailed dive into this deal and its implications for the shares of The Stars Group (NASDAQ: Yesterday Fox Sports Network announced it had acquired just under 5% of the equity of The Stars Group for $236m. The deal includes an option for Fox to buy up to 50% of the company after 10 years. Our take: The stake will build much sooner than that as the sports betting scramble currently underway ramps up with more states legalizing every year from this poi
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