Tag Archives: pokerstars

M&A movements see The Stars Group increase debt capacity

Toronto TSX-listed online gambling firm The Stars Group Inc, has secured a repricing of its $/€ ‘first lien’ debt notes, combined with a further extension of its corporate revolving credit facility. In 2017, the Stars Group governance used approximately $95 million of its available debt capacity to repay its higher-cost $ ‘second lien’ corporate debt notes. Updating investors, the Toronto …

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ASA orders PokerStars to cease using television advert

The Advertising Standards Authority (ASA) has ruled that a television advert used by PokerStars must not be broadcast again, warning the company to ensure that it doesn’t portray gambling in a socially irresponsible manner or in the context of recklessness. The two complaints that were received about the advert challenged whether it sought to exploit inexperienced poker players by suggesting …

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Stars Group prepares for Indian facing Pokerstars launch

Pokerstars is set to enhance its global assault of the online poker world, courtesy of the launch of Indian facing website pokerstars.in. As reported by glaws.in, its Canadian based parent firm The Stars Group has partnered with lottery and gaming conglomerate, Sugal & Damani, with sources indicating that the offering is believed to be going live in the coming weeks. …

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Rising Stars and Hill slides – divergent tracks after merger talks

The degree to which the fortunes of the Stars Group and William Hill have diverged since their failed merger talks 18 months ago provides an interesting counterpoint to the current obsession with sector M&A. A recent note on Stars published by the Canadian analyst team at Canaccord Genuity noted that the company’s share price rose 54 percent in 2017, placing …

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Lars Lien – Luckbox… Prepare for a unique player in 2018!

Aiming to launch in 2018, Luckbox (Luckbox.com) is the latest industry incumbent seeking to effectively bridge sports betting and esports dynamics. Luckbox CEO & Founder Lars Lien speaks to SBC on his company’s unique take on esports customer engagements, which it believes will help it deliver the industry’s best esports betting platform. Furthermore, Lien details his firm’s intriguing journey from its …

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The Stars Group completes legacy investments sell-off

BetBright

Updating the market, Toronto TSX-listed online gambling firm The Stars Group Plc has informed that it has completed a divestiture of all corporate legacy investments. The Stars Group confirms the complete the disposal of its 7.5% shareholding in London-listed online gambling firm Jackpotjoy Plc for net cash proceeds of $60 million. The company had alerted investors last week that it would proceed …

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The Stars Group sells entire stake in Jackpotjoy Plc for £45 million 

Toronto TSX online gambling firm The Stars Group has moved to sell its entire stake in London-listed Jackpotjoy Plc. Issuing a market update, Stars Group has detailed that it has sold 5.6 million shares (7.5% shareholding) at a target price of 802p per share, netting gross proceeds of £45 million. The transaction was carried out by Stars Group through subsidiary …

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Red Tiger Gaming strikes William Hill deal

Red Tiger Gaming has announced a new partnership with William Hill, who in turn have become the first Gibraltar licensed operator to have have access to its full suite of products. Under the terms of the deal, Red Tiger’s online casino games portfolio and player management software are to be integrated. WIlliam Hill Vegas is the first platform to feature …

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The Stars Group hails ‘Stars Rewards’ loyalty program success in Q3 2017 trading

Presenting its Q3 2017 trading update (period ending 30 September), Toronto TSX-listed online gambling firm The Stars Group Inc, states that it is confident of achieving its full-year 2017 targets and expectations following robust trading and KPI gains. Updating the market, Stars Group would report Q3 2017 group revenues of $329 million, up 21% on corresponding Q3 2016’s $270 million. …

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Pokerstars unveil ‘Power Up’ – Poker with a twist

RAY - Copyright: freestocker / 123RF Stock Photo

Pokerstars is set to roll out its new innovative hybrid poker game ‘Power Up’ as a real money option. It is to launch initially on the pokerstars.eu client, with the United Kingdom and rest of the world markets to follow ‘very soon,’ alongside various buy-ins of $1, $3, $7 and $15. On appearance ‘Power Up’ looks like a typical game …

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