Tag Archives: pokerstars

Rafi Ashkenazi – New look Stars Group will be online gambling’s MVP

SBC News Rafi Ashkenazi - New look Stars Group will be online gambling's MVP

Addressing The Stars Group Inc investors, Group Chief Executive Rafi Ashkenazi has detailed his firm’s newly enlarged global gaming vision, having completed three industry-defining acquisitions in under two months. As the global betting sector prepares for a crucial summer of football trading, Ashkenazi states that the Stars Group has acquired ‘the world’s best online sportsbook in Sky Bet’. Combining Sky …

Read More »

Vadim Soloveychik: Luckbox will flip the script on esports-betting marketing

SBC News Vadim Soloveychik: Luckbox will flip the script on esports-betting marketing

Having joined industry start-up Luckbox this April as first Chief Marketing Officer (CMO), former PokerStars executive Vadim Soloveychik has been tasked with delivering an effective and engaging esports-to-betting marketing strategy. SBC gets the lowdown on why Soloveychik and Luckbox will seek to ‘flip the script’ on industry marketing values and legacy engagement practices.   ______________________ SBC: As a new industry …

Read More »

Game Changer! The Stars Group agrees to acquire Sky Bet for $4.7 billion

SBC News Game Changer! The Stars Group agrees to acquire Sky Bet for $4.7 billion

Toronto TSX-listed The Stars Group Inc continues its M&A drive, confirming this morning that it has reached an agreement with private equity firm CVC Capital Partners and Sky Plc to acquire Sky Betting & Gaming (SB&G) outright. Seeking to create the world’s ‘most valuable, listed online gambling enterprise’, the Stars Group governance has put forward a ‘cash and stock transaction valued …

Read More »

M&A movements see The Stars Group increase debt capacity

SBC News 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 …

Read More »

ASA orders PokerStars to cease using television advert

SBC News 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 …

Read More »

Stars Group prepares for Indian facing Pokerstars launch

SBC News 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. …

Read More »

Rising Stars and Hill slides – divergent tracks after merger talks

SBC News 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 …

Read More »

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

SBC News 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 …

Read More »

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 …

Read More »

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

SBC News 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 …

Read More »