Flutter Entertainment (Betfair) completes merger with Stars Group (PokerStars)

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  • randomuser
    SBR Hustler
    • 04-21-20
    • 65

    #1
    Flutter Entertainment (Betfair) completes merger with Stars Group (PokerStars)
    What is your opinion about this operation? Could it be a good news for liquidity?
  • craftbrewer
    SBR High Roller
    • 08-07-18
    • 183

    #2
    The day Betfair announced completion of merger with Poker Stars was the same day when Betfair left Russian and Estonian market and I don't think it is a coincidence. So I doubt it could be a good news for liquidity given that betfair keeps leaving more and more markets all over the world.
    Comment
    • randomuser
      SBR Hustler
      • 04-21-20
      • 65

      #3
      Originally posted by craftbrewer
      The day Betfair announced completion of merger with Poker Stars was the same day when Betfair left Russian and Estonian market and I don't think it is a coincidence. So I doubt it could be a good news for liquidity given that betfair keeps leaving more and more markets all over the world.
      But russians can still bet via agents, don't they?
      Comment
      • Roger T. Bannon
        SBR Hall of Famer
        • 06-28-18
        • 5139

        #4
        Flutter is making a major play on the US market and is going to be a big player. They bought FoxBet which is probably going to be huge once things roll out.
        Comment
        • Camma23
          SBR High Roller
          • 11-17-14
          • 134

          #5
          Originally posted by craftbrewer
          The day Betfair announced completion of merger with Poker Stars was the same day when Betfair left Russian and Estonian market and I don't think it is a coincidence. So I doubt it could be a good news for liquidity given that betfair keeps leaving more and more markets all over the world.
          there is a valid explanation for this? Why a leading company in exchanges business like betfair is leaving more and more markets?
          Comment
          • Roger T. Bannon
            SBR Hall of Famer
            • 06-28-18
            • 5139

            #6
            Originally posted by Camma23
            there is a valid explanation for this? Why a leading company in exchanges business like betfair is leaving more and more markets?
            Because they are focusing on the US where they see more profitablity. They have their sight on being the No. 1 player in the US.
            Comment
            • Camma23
              SBR High Roller
              • 11-17-14
              • 134

              #7
              Originally posted by Roger T. Bannon
              Because they are focusing on the US where they see more profitablity. They have their sight on being the No. 1 player in the US.
              well, dont'see why the need to leave rest of countries aiming to this. Also lot of EU country (mine included) miss BF
              Comment
              • Roger T. Bannon
                SBR Hall of Famer
                • 06-28-18
                • 5139

                #8
                Originally posted by Camma23
                well, dont'see why the need to leave rest of countries aiming to this. Also lot of EU country (mine included) miss BF
                Opening in the US is a massive expense. They are not wanting to waste resources on those countries when they can use money to gain early position in the US which is going to be a gigantic market. DraftKings and Flutter have the early upper hand on being dominant players. All of the other companies are just sitting back and watching while they take the largest share.
                Comment
                • Camma23
                  SBR High Roller
                  • 11-17-14
                  • 134

                  #9
                  Originally posted by Roger T. Bannon
                  Opening in the US is a massive expense. They are not wanting to waste resources on those countries when they can use money to gain early position in the US which is going to be a gigantic market. DraftKings and Flutter have the early upper hand on being dominant players. All of the other companies are just sitting back and watching while they take the largest share.
                  now it makes sense. Ty man
                  Comment
                  • Roger T. Bannon
                    SBR Hall of Famer
                    • 06-28-18
                    • 5139

                    #10
                    Originally posted by Camma23
                    now it makes sense. Ty man
                    The US gambling market is there for the taking it is pretty well set now. Anybody can come in and change things with the right moves but these two companies and William Hill pretty much have the market cornered at this point. They are all very aggressive, know what they are doing, have experience and have a vision.

                    So your gambling outs are going to be DraftKings, FanDuel/FoxBets, William Hill and some other company that will probably partner with ESPN and that is pretty much going to be it. That is all anyone is going to need or want. At some point someone will try to take professional action and they will have the potential to be the No. 1 player.

                    These companies are going to be nearly impossible to beat.
                    Comment
                    • craftbrewer
                      SBR High Roller
                      • 08-07-18
                      • 183

                      #11
                      Originally posted by Camma23
                      there is a valid explanation for this? Why a leading company in exchanges business like betfair is leaving more and more markets?
                      I think the main reason is tightening of British gambling laws
                      Comment
                      • randomuser
                        SBR Hustler
                        • 04-21-20
                        • 65

                        #12
                        Kindred Group (Unibet) has already opened to the US market. There will be a lot of competition.
                        Comment
                        • craftbrewer
                          SBR High Roller
                          • 08-07-18
                          • 183

                          #13
                          Originally posted by randomuser
                          But russians can still bet via agents, don't they?
                          Yes, they can. But this decision will anyway lead to declining number of russian players on betfair exchange and as far as I know, Russia was in top 5 of betfair's markets.
                          Comment
                          • Optional
                            Administrator
                            • 06-10-10
                            • 61502

                            #14
                            Originally posted by randomuser
                            What is your opinion about this operation? Could it be a good news for liquidity?
                            Personally I think Stars are one of the worst major players.

                            I have to wonder if these recent threads about Betfair trying to tell people they are confiscating money without a reason, only to realize they were wrong when the customer asks for a deadlock email to go to regulators, are due to the Stars company influence.

                            Check out their Malta regulated betstars.com operation for an example of how they act without a real regulator to keep them honest.
                            .
                            Comment
                            • randomuser
                              SBR Hustler
                              • 04-21-20
                              • 65

                              #15
                              Originally posted by Optional
                              Personally I think Stars are one of the worst major players.
                              Why do you think so?
                              Comment
                              • OVAKUL
                                SBR MVP
                                • 09-16-17
                                • 1541

                                #16
                                Originally posted by randomuser
                                Why do you think so?
                                because in their mickey mouse world, every player who dares to win is a menace to their business model and they treat everyone accordingly
                                Comment
                                • randomuser
                                  SBR Hustler
                                  • 04-21-20
                                  • 65

                                  #17
                                  Originally posted by OVAKUL
                                  because in their mickey mouse world, every player who dares to win is a menace to their business model and they treat everyone accordingly
                                  I agree with you on this. However, the core business of Stars Group is poker.. I think they don't care if a player is a winner or a loser, they just simply take fees from players whether they are winners or losers.
                                  Comment
                                  • Optional
                                    Administrator
                                    • 06-10-10
                                    • 61502

                                    #18
                                    Originally posted by randomuser
                                    Why do you think so?
                                    A lot of little things mostly. As Ovakul said their odds and juice are awful in general and then they have heaps of special offers with enhanced odds which they pick very sharply. Their model seems very focused on extracting maximum possible from rec and degen bettors whilst offering little to sharps. Which is fine in itself but compared to other books they do it so "well" that it feels kind of greedy as a user.

                                    But mostly because there have been a couple of complaints about betstars.com that appear like they are not treating the people fairly, and we could not get any response from the book or the parent company trying to resolve or explain these.

                                    Just in my humble opinion Bet365, Paddypower, Unibet, Ladbrokes, Will Hill and just about any other major name you can think of are more player friendly and more concerned about addressing player disputes fairly than I have seen from Betstars. I don't think it is good for the industry for them to gain too much traction, like they seem to be.
                                    .
                                    Comment
                                    • randomuser
                                      SBR Hustler
                                      • 04-21-20
                                      • 65

                                      #19
                                      Originally posted by Optional
                                      A lot of little things mostly. As Ovakul said their odds and juice are awful in general and then they have heaps of special offers with enhanced odds which they pick very sharply. Their model seems very focused on extracting maximum possible from rec and degen bettors whilst offering little to sharps. Which is fine in itself but compared to other books they do it so "well" that it feels kind of greedy as a user.

                                      But mostly because there have been a couple of complaints about betstars.com that appear like they are not treating the people fairly, and we could not get any response from the book or the parent company trying to resolve or explain these.

                                      Just in my humble opinion Bet365, Paddypower, Unibet, Ladbrokes, Will Hill and just about any other major name you can think of are more player friendly and more concerned about addressing player disputes fairly than I have seen from Betstars. I don't think it is good for the industry for them to gain too much traction, like they seem to be.
                                      But, do you think this merger will impact the betting exchange industry? I think a lot of players will jump into the Betfair platform.
                                      Comment
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