This is not a surprise, only real JV with all interests and rewards aligned (and some still fail) is in a major infrastructure, or licensing bid, that create the right consortia that all bring certain value and take certain rewards..
case in point consortia of Camelot that run the UK lottery license.. mind you, there were still some hoo ha about one of the partner, and the corrective action(s) were done to redress that.
we are talking amongst friends here, but given the diminishing target audience for the remote gaming world, guess aggressive M&A plans would make sense to appease the public investors..
one should therefore turn our eyes to look at those private companies that are growing organically.. but then again, they are less exciting, why deal with the boring volvos when one could dine with the Ferraris?
Good luck to all.
BR
@GarethWong (private tweet)
(gaming related tweets @LeGambit )
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