There are two key reasons why shares of The Stars Group (TSG) have fallen sharply, dropping by more than half from July highs. The first is that it looks like the company significantly overpaid in its $4.7 billion acquisition of Sky Betting & Gaming. The second, related, reason is that the entire space has struggled:
Increased regulation - including higher remote gaming duties - in the U.K., government crackdowns elsewhere, Brexit fears, and likely macro jitters have pressured online gambling stocks. TSG hasn't been immune - particularly after picking up