Re: Paradise going down the drain?
I wonder how their mother company Sportingbet will handle this financially.
* They recently had to pay 33,3 million dollars in cash to the former Paradise owners (lol, success fee pre US ban).
* They will incur costs (writedowns) at £210 million due to the US legislation, but Paradise will still be valued at 63 million pounds in the Sportingbet books.
* They have just lost their chairman and director.
I think Sportinbet/Paradise is out of business in a few months. There are no pieces to pick up.
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