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Distressed Assets:  Buying a bankrupt casino?

#1
A competitor is going bust. Is it a good idea to buy their assets cheap, or is it a trap?
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#2
Database Value: The players are likely angry and burned. Reactivating them will be very hard and expensive.
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#3
Liability Risk: Be careful you don't inherit their player debts. Do an "Asset Purchase," not a "Share Purchase."
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#4
Tech Stack: Often the reason they failed is bad tech. Don't buy the software, buy the domain or the traffic source.
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