Tag: Stars Group

Investors pile in on post-lockdown betting frenzy

post-lockdown betting frenzy
With lockdowns lifting across the globe and all major sports back on the menu, bookmakers are hoping for a splurge of withheld spending. Although much depends on the speed and shape of economic recovery.

Shining bright: Stars Group bags remaining stake in BetEasy

Stars Group BetEasy
Canadian gambling giant, The Stars Group, is to take full ownership of Australian bookmaking brand BetEasy - after agreeing to acquire the remaining..

Smart money bets on Flutter-Stars mega-merger

Flutter Stars mega merger
Flutter Entertainment’s plan to combine with Stars would create an “unbeatable” force in the US market . With a 40 percent share in the UK market, however..

PokerStars to cut IoM staff, citing international headwinds

PokerStars IoM cut
Trouble in international poker markets has led the Stars Group to reduce its head count on on the Isle of Man - while the local government assures..

Penn National shows its hand with 32 new online skins

In potentially the last of the major casino maneouvres post-PASPA, Penn National has awarded 32 skins to four online firms across 19 states. Although the..

Sky Betting reshuffles executive deck as Stars Group takeover approved

STARS GROUP acquisition jpg
Sky Betting and Gaming has announced the appointment of Ian Proctor as CEO, ahead of its $4.7bn integration into The Stars Group, following CMA approval. The former CFO of the Leeds-based operator will take over the role from Richard Flint…

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…

Keeping the Stars from the Sky: CMA steps in on Stars Group and Sky Bet merger

The Stars Group has completed its acquisition of leading UK betting operator Sky Betting and Gaming in a deal worth $4.7bn. The purchase, first agreed in April with then-owners CVC Capital Partners and Sky PLC, sees the Canadian operator become

Portugal boosts PokerStars’ player pool

Portugal has joined the European shared liquidity market, after signing an agreement in July 2017 with France, Spain and Italy to facilitate an international player pool. Portugal’s official inclusion, ahead of an anticipated active…

Stars Group buys Sky Betting and Gaming for £2.5bn

igaming times Sky Betting Gaming
Canadian gambling firm Stars Group have bought Sky Betting and Gaming (SB&G) in a deal worth approximately £2.6bn. Sky's majority stake in SkyBet was sold to CVC Capital Partners (CVC) in 2015, which recently hired...

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...