Monday, February 26, 2024

Tag: CrownBet

Stars purchases see revenues bound by a third

Stars Group
The first signs of Star Group’s added muscle became evident in its Q2 balance sheet this year. A 35 percent lift in revenues reflects our “impressive momentum,” said CEO Rafi Ashkenazi, but being largely M&A driven “the next stage of transformation” will be all…

All change Down Under as Stars bags CrownBet stake

Stars Group kicks off acquisition season Down Under by beating betting’s leading heavyweights in the bidding for a controlling stake in CrownBet.   After much speculation over which global brand would take James Packer’s (pictured, right) controlling stake in the Australian bookmaker, Crownbet, the rapidly rising Stars Group has pipped its rivals to the post. The Toronto-listed Stars announced the purchase of...

Coalition of online bookies form new Australian lobby group

A new lobby group for the Australian gaming industry has been formed and received backing of major operators in the territory.   A coalition of domestic and international online bookmakers have formed a new lobby group for the Australian industry, controversially headed by former Labor senator Stephen Conway, who quit his political post in September. Responsible Wagering Australia, that replaces the...