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[QUOTE="A2345Razz, post: 2483946, member: 90717"]
Pokerstars was/is hugely profitable, and Amaya simply didn't have that much cash on hand/value for a stock trade....ergo, what you're saying is nonsensical.

For Apple maybe it wouldn't be considered expensive as a multiple of earnings or something. A lot of that would simply be a function of how much people believed earnings could be multiplied. Personally, I think it was inevitable with or without all the debt that Pokerstars would try to squeeze the customer because baseline growth is going to be hard to come by. There are new booms to be had unless something really changes with China or American legalization happens (not happening anytime soon), and the legal environment is such is such Russia and many other countries may be opting out soon. Also France and a lot of the segregated national sites are flagging.

The problem is the fact that Pokerstars isn't owned by a family anymore; it is owned by another amoeba like publicly traded corporation whose sole interest is hitting "numbers" every quarter and pumping stock prices for a few yrs so execs/stock owners can get out with dough aplenty and the long/medium term issues can be somebody else's problems.
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