For the previous owners there was never a point in taking the company public because they didn't need additional funds and it allowed them to do things that public companies like party gaming could not do for legal reasons.

Another reason for the sale was the fact that they were never able to convince US regulators that isai Scheinberg had nothing to do with the company anymore ( mark had taken over on paper ) which prevented them from getting a new jersey license.

At first glance, it seems like they bought at 10x EBITDA, and the combined entity is trading at 43x P/E. That's a deal well put together.