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Originally Posted by kikadell
This (FTP being allowed in US market) has been floated over and over again and no one is calling bs. Is there any truth to this whatsoever?
I think we had real reason to believe that a GBT-operated FTP2 would be on an equal footing with operators like 888 and Party if/when it came time to allow international sites into a future, licensed US market, because they themselves didn't operate illicitly in the US, they only purchased the assets of a company that did. (Aside: personally I don't believe any international licensing will ever happen due to US protectionism, but the sites are obviously hoping for it, and they probably know more than I do.)
It would make some sense that another buyer of the remains of FTP would be in the same circumstance. It becomes a little weird if it's Stars, but I expect that FTP-under-Stars will operate as its own company and have a reasonable chance of getting the benefit of the doubt. While the DOJ has the power to insist on a no-operations-in-the-US clause in their agreement, they can't actually give anyone permission to get licensed. Whether any existing operator is allowed into the US is all up to the licensing authority, whether that's Congress or the individual states, and who knows what they'll do.
I think it's very likely that Stars is doing this in anticipation of a potential future in which they are not allowed into the US market, but a new company that purchased the FTP assets would be. How likely that future is is a ridiculously complicated question. I expect Stars has an estimated probability, and it doesn't have to be terribly high for this deal to make sense.